[May 16, 2005 (Volume 70, Number 93)] [Unified Agenda] From the Federal Register Online via GPO Access [frwais.access.gpo.gov] [DOCID: f:ua050416.wais] [Page 27332-27463] Department of the Treasury ----------------------------------------------------------------------- Part XVI ----------------------------------------------------------------------- Semiannual Regulatory Agenda [[Page 27332]] 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 U.S. 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 conform to the Unified Agenda format developed by the Regulatory Information Service Center (RISC). Dated: April 8, 2005. 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 Federal Benefit Payments Under Certain District of Columbia Retirement Plans.......... 1505-AB55 ---------------------------------------------------------------------------------------------------------------- Departmental Offices--Final Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2267 31 CFR 501 Reporting and Procedures Regulations; Cuban Assets Control Regulations: 1505-AA95 Publication of Economic Sanctions Enforcement Guidelines.............................. 2268 Amendments to the Government Securities Act Regulations: Exemption for Holdings 1505-AB06 Subject to Fiduciary Standards........................................................ 2269 Terrorism Risk Insurance Program; Additional Claims Issues............................ 1505-AB09 2270 Country-of-Origin Marking............................................................. 1505-AB21 2271 Expanded Methods of Payment of Duties, Taxes, Interest, and Fees...................... 1505-AB22 2272 19 CFR 4 User and Navigation Fees; Other Reimbursable Charges......................... 1505-AB24 2273 19 CFR 10 African Growth and Opportunity Act and Generalized System of Preferences.... 1505-AB26 2274 Expanded Weekly Entry Procedure for Foreign Trade Zones............................... 1505-AB27 2275 19 CFR 10 United States-Caribbean Basin Trade Partnership Act and Caribbean Basin 1505-AB28 Initiative............................................................................ 2276 19 CFR 24 Reimbursable Customs Inspectional Services--Increase in Hourly Rate Charge.. 1505-AB29 2277 19 CFR 12 Dog and Cat Protection Act.................................................. 1505-AB31 2278 19 CFR 141 Single Entry for Unassembled or Disassembled Entities Imported on Multiple 1505-AB34 Conveyances........................................................................... 2279 19 CFR 10 Implementation of the Andean Trade Promotion and Drug Eradication Act....... 1505-AB37 2280 Trade Benefits Under the African Growth and Opportunity Act........................... 1505-AB38 [[Page 27333]] 2281 19 CFR 24 Fees for Customs Processing at Express Courier Facilities................... 1505-AB39 2282 Trade Benefits Under the Caribbean Basin Economic Recovery Act........................ 1505-AB40 2283 Tariff Treatment Related to Disassembly Operations Under the North American Free Trade 1505-AB41 Agreement (NAFTA)..................................................................... 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.................................................................... ---------------------------------------------------------------------------------------------------------------- Departmental Offices--Long-Term Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2287 31 CFR ch II Possible Regulation of Access to Accounts at Financial Institutions 1505-AA74 Through Payment Service Providers..................................................... 2288 Financial Activities of Financial Subsidiaries........................................ 1505-AA80 2289 Financial Subsidiaries................................................................ 1505-AA81 2290 12 CFR 1501.2 Secretary's Determination of Real Estate Brokerage...................... 1505-AA84 2291 12 CFR 1501.2 Secretary's Determination of Other Activities Financial in Nature....... 1505-AA85 2292 19 CFR 4 Harbor Maintenance Fee....................................................... 1505-AB11 2293 Donated Cargo Exemption From Harbor Maintenance Fee................................... 1505-AB12 2294 19 CFR 142 Reconciliation............................................................. 1505-AB16 2295 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 ---------------------------------------------------------------------------------------------------------------- 2296 19 CFR 10 Prototypes Used Solely For Product Development, Testing, Evaluation, or 1505-AB32 Quality Control Purposes.............................................................. 2297 19 CFR 10 Preferential Treatment of Brassieres Under the United States-Caribbean Basin 1505-AB33 Trade Partnership Act................................................................. 2298 Merchandise Processing Fees Eligible to be Claimed as Certain Types of Drawback Based 1505-AB44 on Substitution of Finished Petroleum Derivatives..................................... 2299 Extension of Import Restrictions Imposed on Certain Categories of Archaeological 1505-AB56 Material From the Prehispanic Cultures of the Republic of El Salvador................. ---------------------------------------------------------------------------------------------------------------- Financial Crimes Enforcement Network--Prerule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2300 Customer Identification Programs for Pawn Brokers..................................... 1506-AA39 ---------------------------------------------------------------------------------------------------------------- Financial Crimes Enforcement Network--Proposed Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2301 31 CFR 103 Amendment to the Bank Secrecy Act Regulations--Delegation of Authority To 1506-AA08 Assess Civil Money Penalties on Depository Institutions............................... 2302 Customer Identification Programs for Travel Agents.................................... 1506-AA38 2303 Customer Identification Programs for Loan and Finance Companies....................... 1506-AA40 2304 Customer Identification Programs for Sellers of Vehicles.............................. 1506-AA41 2305 31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering 1506-AA69 Programs for Travel Agencies.......................................................... [[Page 27334]] 2306 31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Anti-Money Laundering 1506-AA73 Programs for Loan and Finance Companies............................................... 2307 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................. 2308 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............................................................................ ---------------------------------------------------------------------------------------------------------------- Financial Crimes Enforcement Network--Final Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2309 31 CFR 103 Amendment to the Bank Secrecy Act Regulations Regarding Reporting of Cross- 1506-AA15 Border Transportation of Certain Monetary Instruments................................. 2310 31 CFR 103 Amendment to the Bank Secrecy Act Regulations--Exemptions From the 1506-AA23 Requirement To Report Transactions in Currency........................................ 2311 31 CFR 103.30 Amendment to the Bank Secrecy Act Regulations--Requirement that 1506-AA25 Nonfinancial Trades or Businesses Report Certain Currency Transactions................ 2312 31 CFR 103.175-103.178 Due Diligence Requirements for Correspondent Accounts and 1506-AA29 Private Banking Accounts.............................................................. 2313 31 CFR 103.121 Customer Identification Programs for Banks, Savings Associations, and 1506-AA31 Credit Unions......................................................................... 2314 31 CFR 103.16 Financial Crimes Enforcement Network; Amendment to the Bank Secrecy Act 1506-AA36 Regulations Requirement That Insurance Companies Report Suspicious Transactions....... 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-AA70 Programs for Insurance Companies...................................................... 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............................ ---------------------------------------------------------------------------------------------------------------- [[Page 27335]] Financial Crimes Enforcement Network--Long-Term Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2330 31 CFR 103 Amendments to the Bank Secrecy Act Regulations--Special Reporting and 1506-AA19 Recordkeeping Requirements--Money Services Businesses (MSBs).......................... ---------------------------------------------------------------------------------------------------------------- Financial Management Service--Proposed Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2331 31 CFR 245 Claims on Account of Treasury Checks....................................... 1510-AA51 2332 31 CFR 256 Payments Under Judgment and Private Relief Acts............................ 1510-AA52 ---------------------------------------------------------------------------------------------------------------- Financial Management Service--Final Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2333 31 CFR 285.7 Salary Offset............................................................ 1510-AA70 2334 31 CFR 901.9 Federal Claims Collection Standard--Collection by Installments........... 1510-AA91 2335 Federal Government Participation in the ACH........................................... 1510-AB00 2336 Payment of Federal Taxes and the Treasury Tax and Loan Program........................ 1510-AB01 2337 Administrative Wage Garnishment Clarifications........................................ 1510-AB02 ---------------------------------------------------------------------------------------------------------------- Financial Management Service--Completed Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2338 31 CFR 285.5 Offset of Federal Payments (Other Than Tax Refund and Federal Benefit 1510-AA65 Payments) To Collect Past-Due, Legally Enforceable Nontax Debt........................ 2339 31 CFR 285.6 Offset of Federal Payments (Other Than Tax Refund and Federal Benefit 1510-AA66 Payments) To Collect Past-Due Debts Owed to States (Other Than Child Support)......... 2340 31 CFR 285.14 Public Dissemination of Identity of Delinquent Debtors.................. 1510-AA72 2341 31 CFR 285.8 Offset of Tax Refund Payment To Collect State Income Tax Obligations..... 1510-AA78 2342 31 CFR 223 Surety Bond Reimbursement Fund............................................. 1510-AA85 2343 Indorsement and Payment of Checks Drawn on the U.S. Treasury.......................... 1510-AA99 ---------------------------------------------------------------------------------------------------------------- Alcohol and Tobacco Tax and Trade Bureau--Prerule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2344 Proposed Revisions to the Beer Regulations............................................ 1513-AB05 2345 Labeling and Advertising of Wines, Distilled Spirits, and Malt Beverages.............. 1513-AB07 2346 Allergen Labeling for Alcohol Beverages............................................... 1513-AB08 2347 27 CFR 252 Exportation of Liquors..................................................... 1513-AA00 ---------------------------------------------------------------------------------------------------------------- Alcohol and Tobacco Tax and Trade Bureau--Proposed Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2348 27 CFR 4 Prohibition of Alcohol Beverage Containers and Standard of Fill for Distilled 1513-AA07 Spirits and Wine...................................................................... 2349 Wahluke Slope Viticultural Area....................................................... 1513-AB01 2350 Petition To Establish San Antonio Valley as a New American Viticultural Area.......... 1513-AB02 [[Page 27336]] 2351 Denatured Spirits, Articles, and Nonbeverage Products................................. 1513-AB03 2352 Alternating Brewery Proprietors....................................................... 1513-AB09 2353 Availability of Information........................................................... 1513-AA98 2354 Determination of Sale Price of Large Cigars........................................... 1513-AB10 2355 27 CFR 270 Determination of Tax and Recordkeeping on Large Cigars..................... 1513-AA16 2356 27 CFR 19, subpart W Proposed Revisions to the Distilled Spirits Plant Regulations.... 1513-AA23 2357 27 CFR 44 Regulatory Changes From Customs Service Final Rule.......................... 1513-AA26 2358 27 CFR 40 Shipments of Tobacco Products or Cigarette Papers or Tubes Without Payment 1513-AA27 of Tax................................................................................ 2359 27 CFR 17 Tax-Paid Distilled Spirits Used in Manufacturing Products Unfit for Beverage 1513-AA37 Use................................................................................... 2360 27 CFR 4 Proposed Addition of New Grape Variety Names for American Wines.............. 1513-AA42 2361 27 CFR 40 Marks, Labels, Notices, and Bonds for, and Removal of, Tobacco Products, and 1513-AA49 Cigarette Papers and Tubes............................................................ 2362 27 CFR 9 Petition To Establish ``Santa Maria Bench'' as a New American Viticultural 1513-AA51 Area.................................................................................. 2363 27 CFR 40 In-Transit Stops of Tobacco Products, and Cigarette Papers and Tubes Without 1513-AA52 Payment of Tax........................................................................ 2364 27 CFR 9 Petition To Expand the Livermore Valley Viticultural Area.................... 1513-AA54 2365 27 CFR 9 San Francisco Bay and Central Coast Viticultural Areas--Boundary Realignment/ 1513-AA55 Expansion............................................................................. 2366 Petition To Establish the ``Fort Ross Seaview'' Viticultural Area..................... 1513-AA64 2367 Petition To Establish the ``Shawnee Hills'' Viticultural Area......................... 1513-AA70 2368 Proposed Establishment of Alta Mesa Viticultural Area................................. 1513-AA82 2369 Proposed Establishment of the Cosumnes River Viticultural Area........................ 1513-AA83 2370 Proposed Establishment of Sloughhouse Viticultural Area............................... 1513-AA84 2371 Proposed Establishment of Mokelumne River Viticultural Area........................... 1513-AA85 2372 Proposed Establishment of Jahant Viticultural Area.................................... 1513-AA86 2373 Proposed Establishment of Borden Ranch Viticultural Area.............................. 1513-AA87 2374 Proposed Establishment of Clements Hills Viticultural Area............................ 1513-AA88 2375 Proposed Establishment of the Mt. Oso Viticultural Area............................... 1513-AA89 2376 Petition to Establish ``Calistoga'' as an American Viticultural Area.................. 1513-AA92 2377 Ramona Valley Viticultural Area....................................................... 1513-AA94 2378 Dos Rios Viticultural Area............................................................ 1513-AA95 ---------------------------------------------------------------------------------------------------------------- Alcohol and Tobacco Tax and Trade Bureau--Final Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2379 27 CFR 9 Petition To Establish ``Alexandria Lakes'' as a New American Viticultural 1513-AA45 Area.................................................................................. 2380 New Certification Requirements for Imported Wine...................................... 1513-AB00 2381 Administrative Changes to Alcohol, Tobacco, and Firearms Regulations Due to the 1513-AA80 Homeland Security Act of 2002......................................................... 2382 Administrative Changes to the Publication of the TTB Bulletin......................... 1513-AB06 2383 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............................ 2384 27 CFR 275 Implementation of Public Law 105-33, Section 9302, Requiring the 1513-AA10 Qualification of Tobacco Product Importers and Miscellaneous Technical Amendments..... 2385 27 CFR 31 Liquor Dealers; Recodification of Regulations............................... 1513-AA19 2386 27 CFR 4 Proposal To Recognize Synonyms for Petite Sirah and Zinfandel Grape Varieties 1513-AA32 2387 27 CFR 9 Proposed Red Hill Douglas County, Oregon American Viticultural Area.......... 1513-AA39 2388 27 CFR 9 Petition To Establish ``Eola Hills'' as a New American Viticultural Area..... 1513-AA41 2389 27 CFR 4 Organic Claims in Labeling and Advertising of Alcohol Beverages.............. 1513-AA46 2390 27 CFR 9 Petition To Establish ``Chehalem Mountains'' as a New American Viticultural 1513-AA57 Area.................................................................................. 2391 27 CFR 9 Petition To Establish ``Ribbon Ridge'' as a New American Viticultural Area... 1513-AA58 2392 27 CFR 7 Labeling and Advertising of Malt Beverages................................... 1513-AA60 2393 Petition No. 2 To Expand the Russian River Valley Viticultural Area................... 1513-AA67 2394 Proposed Amended Boundaries for the Santa Lucia Highlands and the Arroyo Seco 1513-AA72 Viticultural Area..................................................................... 2395 Petition To Establish ``Texoma'' as a Viticultural Area............................... 1513-AA77 2396 Petition To Establish the ``High Valley'' Viticultural Area........................... 1513-AA79 2397 Proposed Establishment of Covelo Viticultural Area.................................... 1513-AA90 2398 Proposed Establishment of Horse Heaven Hills.......................................... 1513-AA91 [[Page 27337]] 2399 Materials Authorized for the Treatment of Wine and Juice; Processes Authorized for the 1513-AA96 Treatment of Wine, Juice, and Distilling Material..................................... 2400 Niagara Escarpment Viticultural Area.................................................. 1513-AA97 2401 Suspension of Special (Occupational) Tax.............................................. 1513-AB04 ---------------------------------------------------------------------------------------------------------------- Alcohol and Tobacco Tax and Trade Bureau--Long-Term Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2402 27 CFR 24.278 Implementation of Wine Credit Provisions of Public Law 104-188.......... 1513-AA05 2403 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).......................................................................... 2404 27 CFR 4 Amended Standard of Identity for Sherry...................................... 1513-AA08 2405 27 CFR 275 Prohibited Marks on Packages of Tobacco Products and Cigarette Papers and 1513-AA14 Tubes Imported or Brought into the United States...................................... ---------------------------------------------------------------------------------------------------------------- Alcohol and Tobacco Tax and Trade Bureau--Completed Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2406 27 CFR 7 Flavored Malt Beverages and Related Proposals................................ 1513-AA12 2407 27 CFR 24 Production of Dried Fruit and Honey Wines................................... 1513-AA21 2408 27 CFR 9 Petition To Establish the ``Trinity Lakes'' Viticultural Area................ 1513-AA29 2409 27 CFR 9 Petition To Establish ``Dundee Hills'' as a New American Viticultural Area... 1513-AA50 2410 27 CFR 9 Petition To Establish ``Yamhill-Carlton District'' as a New American 1513-AA59 Viticultural Area..................................................................... 2411 Petition To Establish ``McMinnville'' as an American Viticultural Area in Oregon...... 1513-AA63 2412 27 CFR 9 Petition To Establish ``Grand Lake O' the Cherokees'' as a New American 1513-AA66 Viticultural Area..................................................................... 2413 Petition To Establish ``Southern Oregon'' as a Viticultural Area...................... 1513-AA75 ---------------------------------------------------------------------------------------------------------------- Comptroller of the Currency--Prerule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2414 Risk-Based Capital Guidelines; Capital Adequacy Guidelines; Capital Maintenance: 1557-AC95 Domestic Capital Modifications........................................................ ---------------------------------------------------------------------------------------------------------------- Comptroller of the Currency--Proposed Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2415 12 CFR 4 Rules, Policies, and Procedures for Corporate Activities; Licensing 1557-AC79 Procedures............................................................................ 2416 Identity Theft Detection, Prevention, and Mitigation Program for Financial 1557-AC87 Institutions and Creditors............................................................ 2417 Implementation of a Revised Basel Capital Accord (Basel II)........................... 1557-AC91 2418 One-Year Prohibition for Examiners.................................................... 1557-AC94 ---------------------------------------------------------------------------------------------------------------- [[Page 27338]] Comptroller of the Currency--Final Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2419 12 CFR 25 Community Reinvestment Act Regulation (12 CFR 25)........................... 1557-AB98 2420 Electronic Filing and Disclosure of Beneficial Ownership Reports...................... 1557-AC75 2421 Fair Credit Reporting: Use of Medical Information..................................... 1557-AC85 2422 Fair Credit Reporting: Affiliate Marketing Regulations................................ 1557-AC88 2423 Securities Borrowing Transactions..................................................... 1557-AC90 ---------------------------------------------------------------------------------------------------------------- Comptroller of the Currency--Long-Term Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2424 Recordkeeping Requirements for Bank Exceptions From Securities Broker or Dealer 1557-AB93 Registration.......................................................................... 2425 Interagency Proposal To Consider Alternative Forms of Privacy Notices Under the Gramm- 1557-AC80 Leach-Bliley Act...................................................................... 2426 Accuracy and Integrity of Information Furnished to a Consumer Reporting Agency........ 1557-AC89 ---------------------------------------------------------------------------------------------------------------- Comptroller of the Currency--Completed Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2427 Rules, Policies, and Procedures for Corporate Activities; Operating Subsidiary Annual 1557-AC81 Report................................................................................ 2428 12 CFR 19.240 Rules, Policies, and Procedures for Corporate Activities; Civil Monetary 1557-AC82 Penalties Adjustment.................................................................. 2429 12 CFR 30 app B Proper Disposal of Consumer Information............................... 1557-AC84 2430 Community Reinvestment Act Regulations................................................ 1557-AC86 2431 Interagency Guidance on Response Programs for Unauthorized Access to Customer 1557-AC92 Information and Customer Notice....................................................... 2432 Guidelines for Residential Mortgage Lending Practices................................. 1557-AC93 ---------------------------------------------------------------------------------------------------------------- Internal Revenue Service--Proposed Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2433 Foreign Insurance Companies........................................................... 1545-AL82 2434 Computation of a Branch's Taxable Income; Taxation of Exchange Gain or Loss on Branch 1545-AM12 Remittances........................................................................... 2435 Outbound Transfers of Property to Foreign Corporations................................ 1545-AM97 2436 Foreign Insurance Company--Domestic Election.......................................... 1545-AO25 2437 Taxation of Global Trading............................................................ 1545-AP01 2438 Information Reporting and Record Maintenance.......................................... 1545-AP10 2439 Guidance in Notice 89-37, Which Treats the Receipt of a Corporate Partner's Stock by 1545-AP52 the Corporate Partner as a Circumvention of General Utilities Repeal.................. 2440 Integrated Financial Transaction...................................................... 1545-AR20 2441 Agreements for Payment of Tax Liabilities in Installments............................. 1545-AU97 2442 Substantiating Travel Expense Deductions for Members of Congress...................... 1545-AV55 2443 Transportation of Persons and Property by Air......................................... 1545-AW19 2444 Rules for Sourcing Certain Transportation Income, Space, or Ocean Activity Income, and 1545-AX02 Related Foreign Base Company Shipping Income.......................................... 2445 Definition of Accounting Method....................................................... 1545-AX21 2446 Inspection of Written Determinations.................................................. 1545-AX40 2447 Awarding of Costs and Certain Fees.................................................... 1545-AX46 2448 Highly Compensated Employee........................................................... 1545-AX48 2449 Modification to Section 367(a) Stock Transfer Regulations............................. 1545-AX77 2450 Definition of Passive Foreign Investment Company Under Section 1297................... 1545-AX78 2451 Clarification of Foreign-Based Company Sales Income Rules............................. 1545-AX91 2452 Guidance on Changes to the Laws for Corporate Estimated Taxes......................... 1545-AY22 2453 Withholding Tax on Foreign Partners' Share of Effectively Connected Income............ 1545-AY28 [[Page 27339]] 2454 Taxable Years of Controlled Foreign Corporations (CFCs) and Foreign Personal Holding 1545-AY30 Companies (FPHCs)..................................................................... 2455 Dollar-Value LIFO..................................................................... 1545-AY39 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 Transitional Relief for Qualified Intermediaries...................................... 1545-AY92 2461 Transactions Involving Obligations of Consolidated Group Members...................... 1545-BA11 2462 Deductibility of Employer Contributions for Deferred Compensation..................... 1545-BA13 2463 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....................................................................... 2464 Income From Sources Within Specified Possession....................................... 1545-BA37 2465 Provisions Regarding Cross-Border Transactions........................................ 1545-BA65 2466 Circular 230--Phase 2 Nonshelter Revisions............................................ 1545-BA72 2467 Allocation of New Markets Tax Credit.................................................. 1545-BA84 2468 Guidance To Facilitate Electronic Tax Administration.................................. 1545-BA96 2469 Communications Excise Tax; Taxable Communication Services............................. 1545-BB04 2470 Cost Sharing.......................................................................... 1545-BB26 2471 Application of Separate Limitations to Dividends From Noncontrolled Section 902 1545-BB28 Corporation........................................................................... 2472 Amending the Low-Income Housing Tax Credit Program.................................... 1545-BB37 2473 Substitute Dividend Payments in Securities Lending and Similar Transactions........... 1545-BB56 2474 Loss on Subsidiary Stock.............................................................. 1545-BB61 2475 Liquidation of an Interest............................................................ 1545-BB71 2476 REMIC Residuals--Timing of Income for Foreign Holders................................. 1545-BB84 2477 Dependent Care Credit................................................................. 1545-BB86 2478 Partnership Equity for Services....................................................... 1545-BB92 2479 Determination of Single-Sum Distributions From Cash Balance Plans..................... 1545-BB93 2480 Miscellaneous Changes to Collection Due Process Procedures Relating to Notice and 1545-BB96 Opportunity for Hearing Upon Filing of Notice of Lien................................. 2481 Miscellaneous Changes to Collection Due Process Procedures Relating to Hearings Before 1545-BB97 Levy.................................................................................. 2482 General Allocation and Accounting Regulations......................................... 1545-BC07 2483 Utility Allowance Regulation Update................................................... 1545-BC22 2484 Guidance on PFIC Purging Elections.................................................... 1545-BC37 2485 Substitute for Return (SFR) and Automated Substitute for Return (ASFR)................ 1545-BC45 2486 Substitute for Return (SFR) and Automated Substitute for Return (ASFR) (Temporary).... 1545-BC46 2487 Additional Guidance Regarding Mark-to-Market Accounting for Traders in Securities and/ 1545-BC48 or Commodities, Including Foreign Currency Instruments................................ 2488 Stewardship Expenses.................................................................. 1545-BC52 2489 Coordination of United States and Certain Possessions Income Taxes.................... 1545-BC54 2490 Suspension of Running of Period of Limitation During a Proceeding To Enforce or Quash 1545-BC55 a Designated or Related Summons....................................................... 2491 Guidance Under Section 2053 Regarding Post-Death Events............................... 1545-BC56 2492 Partnerships and Deemed Dispositions of Unrealized Receivables and Inventory Items.... 1545-BC65 2493 Collection After Assessment........................................................... 1545-BC72 2494 Below-Market Loans.................................................................... 1545-BC78 2495 Regulations Governing the Performance of Actuarial Services Under the Employee 1545-BC82 Retirement Income Security Act of 1974................................................ 2496 Definition of Loss for Purposes of the Straddle Rules................................. 1545-BC83 2497 Determination of Residency in U.S. Possessions........................................ 1545-BC86 2498 Transactions Involving the Transfer of No Net Equity Value............................ 1545-BC88 2499 Sickness or Accident Disability Payments.............................................. 1545-BC89 2500 Revision of Section 301.6103(j)-1 for Disclosure to the Bureau of Economic Analysis, 1545-BC93 Department of Commerce................................................................ 2501 Guidance Regarding the Active Trade or Business Requirement Under Section 355(b)...... 1545-BC94 2502 Accumulated Adjustment Account and Other Corporate Separations Under Section 355...... 1545-BC98 2503 Attained Age of the Insured........................................................... 1545-BD00 2504 Support Test in the Case of a Child of Divorced Parents............................... 1545-BD01 2505 Treatment of Foreign Stapled Corporation (Temporary).................................. 1545-BD06 2506 Public Inspection of Written Determinations Under Section 6110 of the Internal Revenue 1545-BD09 Code (Temporary)...................................................................... 2507 Dual Consolidated Loss Regulations.................................................... 1545-BD10 [[Page 27340]] 2508 Current Liability Interest Rate Under Section 412(b)(5)............................... 1545-BD13 2509 Current Liability Interest Rate Under Section 412(b)(5) (Temporary)................... 1545-BD14 2510 Definition of Qualified Foreign Corporation........................................... 1545-BD15 2511 Move and Update the Estimated Tax Regulations......................................... 1545-BD17 2512 REMIC Interest-Only Regular Interests................................................. 1545-BD18 2513 Escrow Accounts, Trusts, and Other Funds Used During Deferred Exchanges of Like-Kind 1545-BD19 Property.............................................................................. 2514 Section 42 Qualified Contract Provisions.............................................. 1545-BD20 2515 Payments for Which No Return of Information is Required Under Section 6041............ 1545-BD21 2516 Definition of Disqualified Person..................................................... 1545-BD28 2517 Coordination of United States and Certain Possessions Income Taxes (Temporary)........ 1545-BD32 2518 Guidance on PFIC Purging Elections (Temporary)........................................ 1545-BD33 2519 Transfers of Restricted Stock......................................................... 1545-BD44 2520 Transfers of Restricted Stock (Temporary)............................................. 1545-BD45 2521 Application of Sections 304(b)(6) and 367 in Cross Border Section 304 Transactions.... 1545-BD46 2522 Update of 415 Regulations............................................................. 1545-BD52 2523 Aggregate Computation; Allocation of Research Credit II............................... 1545-BD60 2524 Classification of Indian Tribal Corporations.......................................... 1545-BD61 2525 Declaratory Judgment--Gift Tax Value.................................................. 1545-BD67 2526 Use of Electronic Technologies for Providing Notices and Transmitting Elections and 1545-BD68 Consents.............................................................................. 2527 Disabled Access Credit................................................................ 1545-BD69 2528 Section 704(b)(2) and Substantiality.................................................. 1545-BD70 2529 Regulations Under Section 706 Regarding Taxable Year of a Partnership................. 1545-BD71 2530 Shareholder's Basis in Stock of an S Corporation...................................... 1545-BD72 2531 Guidance Under Section 6501(c)(1) Regulations......................................... 1545-BD73 2532 Guidance Under Section 707(c) Regarding Guaranteed Payments........................... 1545-BD74 2533 Classification of Certain Foreign Entities............................................ 1545-BD77 2534 Possible Update and Revision of Treasury Regulation Sections 1.381(c)(4) and (5)-1.... 1545-BD81 2535 Amendments to 26 CFR Section 1.263(a)-5 Regarding Treatment of Capitalized Costs...... 1545-BD82 2536 Guidance Regarding Selected Issues Under Section 336(e)............................... 1545-BD84 2537 Guidance Under Section 79............................................................. 1545-BD85 2538 Definition of the ``Due Date'' for Purposes of Calculating Overpayment Interest Under 1545-BD86 Section 301.6611(h)................................................................... 2539 Return for Subchapter T Cooperatives.................................................. 1545-BD92 2540 Employer's Annual Federal Employment Tax Return--Form 944............................. 1545-BD93 2541 Return for Subchapter T Cooperatives (Temporary)...................................... 1545-BD98 2542 Employer's Annual Federal Employment Tax Return--Form 944 (Temporary)................. 1545-BE00 2543 Revision of Section 301.6103(j)-1 for Disclosure to the Bureau of Economic Analysis, 1545-BE02 Department of Commerce (Temporary).................................................... 2544 Reduction of Fuel Excise Tax Evasion.................................................. 1545-BE03 2545 Dye Injection......................................................................... 1545-BE04 2546 Application of Section 6404(g) Suspension Provisions.................................. 1545-BE07 2547 Elimination of Country-by-Country Reporting to Shareholders of Foreign Taxes Paid by 1545-BE09 Regulated Investment Companies........................................................ 2548 Information Returns by Donees Relating to Qualified Intellectual Property 1545-BE11 Contributions......................................................................... 2549 Intra-Group Gross Receipts Under Section 41........................................... 1545-BE14 2550 Capitalization of Amounts Paid to Repair or Improve Tangible Property................. 1545-BE18 2551 Withholding Exemptions................................................................ 1545-BE20 2552 Withholding Exemptions (Temporary).................................................... 1545-BE21 2553 Farmer and Fisherman Income Averaging Under the American Jobs Creation Act of 2004 1545-BE23 (AJCA)................................................................................ 2554 Section 6011 Regulations.............................................................. 1545-BE24 2555 Section 6011 Regulations (Temporary).................................................. 1545-BE25 2556 Section 6111 Regulations.............................................................. 1545-BE26 2557 Section 6111 Regulations (Temporary).................................................. 1545-BE27 2558 Section 6112 Regulations.............................................................. 1545-BE28 2559 Section 6112 Regulations (Temporary).................................................. 1545-BE29 2560 Employer Comparable Contributions To Archer Medical Savings Accounts Under 4980E and 1545-BE30 Health Savings Accounts Under Section 4980G........................................... 2561 Tractors, Trailers, Trucks, and Tires................................................. 1545-BE31 2562 Domestic Workers Regulation Update (Application of the Federal Insurance Contributions 1545-BE32 Act To Payments Made for Certain Services)............................................ [[Page 27341]] 2563 Income Attributable to Domestic Production Activities................................. 1545-BE33 2564 Guidance Under Subpart F Relating to Partnerships..................................... 1545-BE34 2565 Release of Lien or Discharge of Property.............................................. 1545-BE35 2566 Farmer and Fisherman Income Averaging Under the American Jobs Creation Act of 2004 1545-BE39 (AJCA) (Temporary).................................................................... 2567 Disregarded Entities and Collections.................................................. 1545-BE43 2568 Dye Injection (Temporary)............................................................. 1545-BE44 2569 Balanced System for Measuring Organizational and Employee Performance Within the 1545-BE45 Internal Revenue Service.............................................................. 2570 Balanced System for Measuring Organizational and Employee Performance Within the 1545-BE46 Internal Revenue Service (Temporary).................................................. 2571 Information Returns Required With Respect to Certain Foreign Corporations and Other 1545-BE47 Conforming Changes.................................................................... 2572 Modifications to the De Minimis Deposit Rule Under Section 6302....................... 1545-BE48 2573 Modification to the De Minimis Deposit Rule Under Section 6302 (Temporary)............ 1545-BE49 2574 Attained Age of Insured............................................................... 1545-BE53 ---------------------------------------------------------------------------------------------------------------- Internal Revenue Service--Final Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2575 Foreign Corporations.................................................................. 1545-AK74 2576 Nonrecognition of Corporate Distributions and Reorganizations Under the Foreign 1545-AK79 Investment in Real Property Tax Act................................................... 2577 Earnings Stripping Payments........................................................... 1545-AO24 2578 Fringe Benefit Sourcing Under Section 861............................................. 1545-AO72 2579 Interest-Free Adjustments............................................................. 1545-AQ61 2580 Definition of ``Highly Compensated Employee''......................................... 1545-AQ74 2581 Escrow Funds and Other Similar Funds.................................................. 1545-AR82 2582 Mark-to-Market Upon Disposition....................................................... 1545-AS85 2583 Straddles---Miscellaneous Issues...................................................... 1545-AT46 2584 Recomputation of Life Insurance Reserves.............................................. 1545-AU49 2585 Definition of Private Activity Bond--Refunding Regulations............................ 1545-AU98 2586 Return of Levied Property in Certain Cases............................................ 1545-AV01 2587 Mark-to-Market Accounting for Dealers in Commodities and Traders in Securities and 1545-AW06 Commodities........................................................................... 2588 Stocks and Securities Safe Harbor Exception........................................... 1545-AW13 2589 Intercompany Obligations.............................................................. 1545-AW30 2590 Capital Gain Guidance Relating to CRTs................................................ 1545-AW35 2591 Reporting of Payments to Attorney..................................................... 1545-AW72 2592 Highway Vehicle--Definition........................................................... 1545-AX10 2593 Guidance on Cost Recovery in the Entertainment Industry............................... 1545-AX12 2594 Cash or Deferred Arrangements......................................................... 1545-AX26 2595 Stock Transfer Rules--Carryover of Earnings and Taxes................................. 1545-AX65 2596 Allocation and Apportionment of Interest Expense and Certain Other Expenses........... 1545-AX72 2597 Capitalization of Interest and Carrying Charges Properly Allocable to Straddles....... 1545-AX92 2598 Assumption of Partnership Liabilities................................................. 1545-AX93 2599 Authorized Placement Agency........................................................... 1545-AY18 2600 HIPAA General Nondiscrimination....................................................... 1545-AY32 2601 HIPAA Nondiscrimination Exception for Church Plans.................................... 1545-AY33 2602 HIPAA Nondiscrimination Exception for Bona Fide Wellness Programs..................... 1545-AY34 2603 Allocation of Income and Deductions from Intangibles.................................. 1545-AY38 2604 Guidance Under Section 355(e); Recognition of Gain on Certain Distributions of Stock 1545-AY42 or Securities in Connection With an Acquisition....................................... 2605 Election--Asset Acquisitions of Insurance Companies................................... 1545-AY49 2606 Tax Treatment of Cafeteria Plans...................................................... 1545-AY67 2607 Normalization......................................................................... 1545-AY75 2608 Mergers Involving Disregarded Entities................................................ 1545-BA06 2609 Consolidated Returns; Nonapplicability of Section 357(c).............................. 1545-BA09 2610 Reductions of Accruals and Allocations Because of Increased Age....................... 1545-BA10 2611 Property Exempt from Levy............................................................. 1545-BA22 [[Page 27342]] 2612 Noncompensatory Partnership Options................................................... 1545-BA53 2613 Carryback of Consolidated Net Operating Losses to Separate Return Years............... 1545-BA73 2614 Redemptions Treated as Dividends...................................................... 1545-BA80 2615 Reporting Requirements for Widely Held Fixed Investment Trusts........................ 1545-BA83 2616 Guidance on Reporting of Deposit Interest Paid to Nonresident Aliens.................. 1545-BA86 2617 Aggregate Computation and Allocation of Research Credit............................... 1545-BA88 2618 Designated IRS Officer or Employee.................................................... 1545-BA89 2619 Timely Mailing Treatment.............................................................. 1545-BA99 2620 Allocation of Foreign Tax Credits Among Partners...................................... 1545-BB11 2621 Distributions of Property............................................................. 1545-BB12 2622 Investigative Disclosures............................................................. 1545-BB16 2623 Toll Telephone Service--Definition.................................................... 1545-BB18 2624 Duplicative Tax Benefits.............................................................. 1545-BB25 2625 Treatment of Services Under Section 482............................................... 1545-BB31 2626 Investment Adjustment Rules and Waiver of Loss Carryovers From SRLY Years--Amended.... 1545-BB38 2627 Amendment to Section 6724 Relating to Failure To File Correct Information Returns..... 1545-BB41 2628 Limitation on Use of Nonaccrual Experience Method of Accounting....................... 1545-BB43 2629 Election Out Generation-Skipping Transfer Tax (GST) Deemed Allocations................ 1545-BB54 2630 Special Depreciation Allowance........................................................ 1545-BB57 2631 Contributions To Purchase Certain Retirement Annuities or Custodial Accounts Under 1545-BB64 Section 403(b)........................................................................ 2632 Installment Obligations............................................................... 1545-BB65 2633 Collected Excise Taxes; Duties of Collector........................................... 1545-BB75 2634 Application of Nondiscrimination Cross-Testing Rules To Cash Balance Plans............ 1545-BB79 2635 Corporate Reorganizations: Continuity Transfers of Assets or Stock Following a 1545-BB80 Reorganization........................................................................ 2636 Notional Principal Contracts; Contingent Nonperiodic Payments......................... 1545-BB82 2637 Predecessors or Successors Under Section 355(e)....................................... 1545-BB85 2638 Guidance Regarding Mark-to-Market Valuation for Certain Securities.................... 1545-BB90 2639 Accrual for Certain REMIC Regular Interests........................................... 1545-BB94 2640 Determination of Basis of Securities Received in Exchange or With Respect to a Stock 1545-BC05 or Securities in Certain Transactions................................................. 2641 Entry of Taxable Fuel................................................................. 1545-BC08 2642 Guidance Necessary To Facilitate Business Electronic Filing........................... 1545-BC15 2643 Contingent at Closing Escrows......................................................... 1545-BC16 2644 Changes in Computing Depreciation..................................................... 1545-BC18 2645 Value of Life Insurance When Distributed From a Qualified Retirement Plan............. 1545-BC20 2646 Special Consolidated Return Rules for Interest Expense Disallowed Under Section 1545-BC23 265(a)(2)............................................................................. 2647 Section 411(d)(6) Protected Benefits.................................................. 1545-BC26 2648 Deemed Corporate Election for Electing S Corporations................................. 1545-BC32 2649 Prohibited Allocation of Securities in an S Corporation............................... 1545-BC34 2650 Guidance Under Section 1502; Application of Section 108 to Members of a Consolidated 1545-BC38 Group................................................................................. 2651 Guidance on PFIC Purging Elections.................................................... 1545-BC49 2652 Qualified Severance Regulations....................................................... 1545-BC50 2653 Guarantee Fees Under Section 143(g)................................................... 1545-BC59 2654 Predeceased Parent Rule............................................................... 1545-BC60 2655 Qualified Zone Academy Bonds; Obligations of States and Political Subdivisions........ 1545-BC61 2656 Guidance Under Section 707 Regarding Disguised Sales.................................. 1545-BC63 2657 Section 1045 Application to Partnerships.............................................. 1545-BC67 2658 Section 179 Elections................................................................. 1545-BC69 2659 Real Estate Mortgage Investment Conduit (REMIC) Tetra Rules........................... 1545-BC71 2660 Guidance Under Section 1502; Application of Section 108 to Members of a Consolidated 1545-BC74 Group................................................................................. 2661 Exclusion of Employees of 501(c)(3) Organizations in 401(k) and 401(m) Plans.......... 1545-BC87 2662 Disclosures to Subcontractors......................................................... 1545-BC92 2663 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.................................................................... 2664 Deemed IRAs in Governmental Plans/Qualified Nonbank Trustee Rules..................... 1545-BD07 2665 Time and Manner of Making Section 163(d)(4)(B) Election To Treat Qualified Dividend 1545-BD16 Income as Investment Income........................................................... 2666 Guidance on Phased Retirement......................................................... 1545-BD23 2667 Stock Held by Foreign Insurance Companies............................................. 1545-BD27 [[Page 27343]] 2668 Requirements for Reorganizations...................................................... 1545-BD31 2669 LIFO Recapture Under Section 1363(d).................................................. 1545-BD34 2670 Clarification of Definitions.......................................................... 1545-BD37 2671 Underpayment for Qualified Amended Returns............................................ 1545-BD40 2672 Allocation and Apportionment of Deductions for Charitable Contributions (Temporary)... 1545-BD47 2673 Treatment of Disregarded Entities Under Section 752................................... 1545-BD48 2674 Section 951 Pro Rata Rules............................................................ 1545-BD49 2675 HIPAA Portability: Special Enrollment Procedures, Tolling, and Interaction With FMLA.. 1545-BD51 2676 Continuity of Interest/Stock Fluctuation.............................................. 1545-BD53 2677 Guidance Under Section 1502; Miscellaneous Operating Rules for Successor Persons; 1545-BD54 Applicability of Section 381.......................................................... 2678 Manufacturer Incentive Payments in an Intercompany Transaction........................ 1545-BD55 2679 Asset Transfers Following Putative Reorganizations.................................... 1545-BD56 2680 Source of Compensation for Labor or Personal Services................................. 1545-BD62 2681 Mandatory e-Filing for Forms 1120..................................................... 1545-BD65 2682 Guidance Under Section 368 Regarding Mergers With and Into a Foreign Corporation...... 1545-BD76 2683 Classification of Certain Foreign Entities (Temporary)................................ 1545-BD78 2684 Special Rules To Reduce Section 1446 Withholding (Temporary).......................... 1545-BD80 2685 Section 1374 Effective Dates.......................................................... 1545-BD95 2686 Flat Rate Supplemental Wage Withholding............................................... 1545-BD96 2687 Disclosure of Relative Values of Optional Forms of Benefit............................ 1545-BD97 2688 Designated Roth Contributions Under Cash or Deferred Arrangements Under Section 401(k) 1545-BE05 2689 Information Returns by Donees Relating to Qualified Intellectual Property 1545-BE12 Contributions (Temporary)............................................................. 2690 Circular 230-Covered Opinion Amendments............................................... 1545-BE13 2691 Exclusions From Gross Income of Foreign Corporations.................................. 1545-BE16 2692 Aggregate Computation: Allocation of research Credit II (Temporary)................... 1545-BE17 2693 Residence and Source Rules Involving U.S. Possessions (Temporary)..................... 1545-BE22 ---------------------------------------------------------------------------------------------------------------- Internal Revenue Service--Long-Term Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2694 Income Tax--Taxpayer's Obligation To File a Notice of Redetermination of Foreign Tax 1545-AC09 and Civil Penalties for Failure To File............................................... 2695 Income Tax--Definition of Qualified Possession Source Investment Income for Purposes 1545-AC10 of Puerto Rico and Possession Tax Credit.............................................. 2696 FSC Transfer Pricing Rules, Distributions, Dividends Received, Deduction, and Other 1545-AI16 Special Rules for FSC................................................................. 2697 Information From Passport and Immigration Applicants.................................. 1545-AJ93 2698 Income of Foreign Governments and International Organizations......................... 1545-AL93 2699 Clarification of Treatment of Separate Limitation Losses.............................. 1545-AM11 2700 Earnings and Profits of Controlled Foreign Corporations............................... 1545-AM90 2701 Caribbean Basin Investments........................................................... 1545-AM91 2702 Consolidated Alternative Minimum Tax.................................................. 1545-AN73 2703 Conforming Taxable Years of CFCs and FPHCs............................................ 1545-AO22 2704 Registration Required Obligations..................................................... 1545-AP33 2705 Use of GAAP Earnings as E&P of Foreign Corporations................................... 1545-AQ55 2706 The Treatment of Accelerated Death Benefits........................................... 1545-AQ70 2707 Treatment of Dual Consolidated Losses................................................. 1545-AR26 2708 Allocation of Accrued Benefits Between Employer and Employee Contributions............ 1545-AT82 2709 Foreign Corporations Regulations...................................................... 1545-AT96 2710 Application of Grantor Trust Rules to Nonexempt Employees' Trusts..................... 1545-AU29 2711 Application of Attribution Rules to Foreign Trusts.................................... 1545-AU91 2712 Financial Asset Securitization Investment Trust (FASIT) Start-Up; Operational and 1545-AU94 Transitional Rules.................................................................... 2713 Electronic Transmission of Withholding Certificates................................... 1545-AV27 2714 Source of Income From Certain Space and Ocean Activities and for Communications Income 1545-AW50 2715 Constructive Sales of Appreciated Financial Positions................................. 1545-AW97 2716 Special Rules for S Corporations...................................................... 1545-AY44 [[Page 27344]] 2717 Normal Retirement Age for Pension Plans............................................... 1545-AY61 2718 Payments For Interest in Partnership.................................................. 1545-AY90 2719 Amendment to the Definition of Refunding.............................................. 1545-BA46 2720 Allocation and Apportionment Rules: Guidance on Selected Issues....................... 1545-BA64 2721 Earnings and Profits Attribution Principles........................................... 1545-BA93 2722 Mixed Use Output Facilities........................................................... 1545-BB23 2723 Accrual Rules for Creditable Foreign Taxes and Guidance on Change in Taxable Year..... 1545-BB27 2724 Notarization Requirement for Statements of Purchase................................... 1545-BC11 2725 Guidance Regarding Application of Section 265(a)(2) and 246A in Transactions Involving 1545-BC24 Related Parties, Pass-Through Entities, or Other Intermediaries....................... 2726 Solid Waste Disposal Facilities....................................................... 1545-BD04 2727 Treatment of Foreign Stapled Corporation.............................................. 1545-BD05 2728 Disclosure of Return Information to the Bureau of the Census.......................... 1545-BE08 2729 Disclosure of Return Information to the Department of Agriculture..................... 1545-BE15 2730 Definition of Dependent and Other Related Provisions.................................. 1545-BE40 ---------------------------------------------------------------------------------------------------------------- Internal Revenue Service--Completed Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2731 Foreign Trusts Regulations............................................................ 1545-AR25 2732 Source Rules for Payments Made Pursuant to Certain Swap Arrangements.................. 1545-AU89 2733 Cash or Deferred Arrangements (Temporary)............................................. 1545-AX43 2734 HIPAA Portability..................................................................... 1545-AX84 2735 Information Reporting on Cancellation of Indebtedness................................. 1545-AY35 2736 New Market Tax Credit................................................................. 1545-AY87 2737 Gasoline Tax Claims................................................................... 1545-BA27 2738 Treatment of Certain Obligation-Shifting Transactions................................. 1545-BA41 2739 Multifamily Housing Bonds............................................................. 1545-BA45 2740 Loss Limitation Rules................................................................. 1545-BA52 2741 Modification of Check the Box Regulations............................................. 1545-BA59 2742 Circular 230--Tax Shelter Amendments.................................................. 1545-BA70 2743 Testimony Authorizations and Requests for IRS Information............................. 1545-BB15 2744 Authorization for IRS To Charge Fees For Copying Exempt Organization Returns.......... 1545-BB21 2745 Extension of Time for Filing Returns.................................................. 1545-BB29 2746 Information Reporting Relating to Taxable Stock Transactions.......................... 1545-BB60 2747 Safe Harbor Leasing Second Interest Capitalization.................................... 1545-BB62 2748 Use of Government Depositories in Connection With Tax Under the Federal Unemployment 1545-BB66 Tax Act............................................................................... 2749 Use of Government Depositories in Connection With Tax Under the Federal Unemployment 1545-BB67 Tax Act............................................................................... 2750 Qualified Interests................................................................... 1545-BB72 2751 Guidance on Life Insurance and Annuity Contracts...................................... 1545-BB77 2752 New Markets Tax Credit Amendments..................................................... 1545-BC03 2753 Tax Exempt Bond Partnership Reporting Regulation...................................... 1545-BC04 2754 Timing and Modification of the Section 59(e) Election................................. 1545-BC13 2755 Adjustment to Net Unrealized Built-in Gain............................................ 1545-BC29 2756 Elimination of Forms of Distribution in Defined Contribution Plans.................... 1545-BC35 2757 Information Reporting Relating to Taxable Stock Transactions (Temporary).............. 1545-BC80 2758 Student FICA Guidance................................................................. 1545-BC81 2759 Interest on Large Corporate Underpayments Under Section 6621(c)....................... 1545-BD22 2760 Brief Asset Holding Period (Temporary)................................................ 1545-BD38 2761 Brief Asset Holding Period............................................................ 1545-BD39 2762 Underpayment for Qualified Amended Returns (Temporary)................................ 1545-BD42 2763 Salary Reduction Agreement Under Section 312(a)(5)(D) (Temporary)..................... 1545-BD50 2764 REMIC Residuals-Foreign Holders (Temporary)........................................... 1545-BD66 2765 Removal of Section 6661 Regulations................................................... 1545-BD75 2766 Section 1374 Effective Dates (Temporary).............................................. 1545-BD99 2767 Disclosure of Return Information to the Bureau of the Census (Temporary).............. 1545-BE01 [[Page 27345]] 2768 Return Required on Magnetic Media (Temporary)......................................... 1545-BE19 ---------------------------------------------------------------------------------------------------------------- Office of Thrift Supervision--Prerule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2769 Risk-Based Capital Guidelines; Capital Adequacy Guidelines; Maintenance: Domestic 1550-AB98 Capital Modifications................................................................. ---------------------------------------------------------------------------------------------------------------- Office of Thrift Supervision--Proposed Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2770 Risk-Based Capital Guidelines; Implementation of New Basel Capital Accord............. 1550-AB56 2771 12 CFR 506 Securities-Related Activities of Savings Associations...................... 1550-AB92 2772 Identity Theft Detection, Prevention, and Mitigation Program for Financial 1550-AB94 Institutions and Creditors............................................................ ---------------------------------------------------------------------------------------------------------------- Office of Thrift Supervision--Final Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2773 Fair Credit Reporting Medical Information Regulations................................. 1550-AB88 2774 Fair Credit Reporting Affiliate Marketing Regulations................................. 1550-AB90 2775 12 CFR 506 EGRPRA Regulatory Review--Application and Reporting Requirements........... 1550-AB93 2776 Special Rules for Adjudicatory Proceedings for Certain Holding Companies.............. 1550-AB96 ---------------------------------------------------------------------------------------------------------------- Office of Thrift Supervision--Long-Term Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2777 12 CFR 563e Community Reinvestment Act................................................ 1550-AB48 ---------------------------------------------------------------------------------------------------------------- Office of Thrift Supervision--Completed Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 2778 12 CFR 568 Proper Disposal of Consumer Information Under the Fair and Accurate Credit 1550-AB87 Transactions Act of 2003.............................................................. 2779 Community Reinvestment Act Regulations (Technical Amendment).......................... 1550-AB91 2780 Rules of Practice and Procedure in Adjudicatory Proceedings; Civil Money Penalty 1550-AB95 Inflation Adjustment.................................................................. 2781 12 CFR 568 Interagency Guidance on Response Programs for Unauthorized Access to 1550-AB97 Customer Information and Customer Notice.............................................. ---------------------------------------------------------------------------------------------------------------- [[Page 27346]] _______________________________________________________________________ Department of the Treasury (TREAS) Proposed Rule Stage Departmental Offices (DO) _______________________________________________________________________ 2261. TERRORISM RISK INSURANCE PROGRAM; RECOUPMENTS OF FEDERAL SHARE OF COMPENSATION FOR INSURED LOSSES Priority: Other Significant. Major status under 5 USC 801 is undetermined. Legal Authority: Terrorism Risk Insurance Act, title 1, PL 107-297, 116 Stat 2322; 15 USC 6701 note; 5 USC 301 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, title I, Public Law 107-297, and the Program, 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, 2005. 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 05/00/05 NPRM Comment Period End 06/00/05 Final Action 09/00/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Howard Leikin, Senior Insurance Advisor, Department of the Treasury, Office of Financial Institutions, Terrorism Risk Insurance Program, 1500 Pennsylvania Avenue NW., Washington, DC 20220 Phone: 202 622-6770 RIN: 1505-AB10 _______________________________________________________________________ 2262. 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 05/00/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: Transferred from RIN 1515-AC23 Agency Contact: Sherri H Braxton, Field Operations Specialist, Department of the Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW, Washington, DC 20229 Phone: 202 344-1082 Email: sherri.braxton@dhs.gov RIN: 1505-AB20 _______________________________________________________________________ 2263. 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 06/00/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Daniel Cornette, Attorney, Special Classification and Marking Branch, Department of the Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 572-8731 RIN: 1505-AB49 _______________________________________________________________________ 2264. 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 08/00/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Robert C. Rawls, Operations Officer, Department of the Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 344-1926 RIN: 1505-AB52 _______________________________________________________________________ 2265. 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 [[Page 27347]] 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 06/00/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Bruce Ingalls, Chief, Collection Section, Department of the Treasury, Office of Finance, Indianapolis, IN 46278 Phone: 317 298-1307 RIN: 1505-AB54 _______________________________________________________________________ 2266. [bull] FEDERAL BENEFIT PAYMENTS UNDER CERTAIN DISTRICT OF COLUMBIA RETIREMENT PLANS Priority: Substantive, Nonsignificant Legal Authority: PL 105-33, sec 11001 to 11087; PL 105-33, sec 11251 to 11253; PL 105-33, sec 11721; PL 105-33, sec 11723 as amended CFR Citation: 31 CFR 29 Legal Deadline: None Abstract: The Department of the Treasury proposes to amend its District of Columbia Pensions rules promulgated pursuant to the Balanced Budget Act of 1997, as amended, which was effective on October 1, 1997. The Act assigns to the Secretary of the Treasury responsibility for payment of benefits based on service accrued as of June 30, 1997, under the retirement plans for District of Columbia teachers and police officers and firefighters, and payment of past and future benefits under the retirement plan for District of Columbia judges. The amended regulations will implement the Secretary's authority under the Act to ensure the accuracy of payments made to annuitants before the effective date of the Act. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/00/05 NPRM Comment Period End 07/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Federal Agency Contact: Elizabeth Cuffe, Attorney-Advisor, Department of the Treasury, MT Room 2209A, Office of the General Counsel, 1500 Pennsylvania Avenue NW., Washington, DC 20220 Phone: 202 622-1682 RIN: 1505-AB55 _______________________________________________________________________ Department of the Treasury (TREAS) Final Rule Stage Departmental Offices (DO) _______________________________________________________________________ 2267. 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. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/29/03 68 FR 4422 NPRM Comment Period End 03/31/03 Final Action 07/00/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Chief of Records, Department of the Treasury, Annex-2nd Floor, Office of Foreign Assets Control, 1500 Pensylvania Avenue NW., Washington, DC 20220 Phone: 202 622-2530 Fax: 202 622-1657 RIN: 1505-AA95 _______________________________________________________________________ 2268. AMENDMENTS TO THE GOVERNMENT SECURITIES ACT REGULATIONS: EXEMPTION FOR HOLDINGS SUBJECT TO FIDUCIARY STANDARDS Priority: Substantive, Nonsignificant Legal Authority: 15 USC 78o-5(b)(1)(A); 15 USC 78o-5(b)(4); 15 USC 78o- 5(b)(5); 31 USC 3121; 31 USC 9110 CFR Citation: 17 CFR 450.3 Legal Deadline: None Abstract: The final rule amends the Government Securities Act regulations applicable to custodial holdings of Government securities by depository institutions. Specifically, this amendment expands the eligibility for the exemption for holdings subject to fiduciary standards at 17 CFR part 450.3 to include savings associations examined by the Office of Thrift Supervision. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/23/04 69 FR 56968 NPRM Comment Period End 10/25/04 Final Action 06/00/05 Final Action Effective 06/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None [[Page 27348]] Agency Contact: Lori Santamorena, Executive Director, Department of the Treasury, Government Securities Regulations Staff, 799 9th Street NW., Washington, DC 20239 Phone: 202 504-3632 Fax: 202 504-3635 Email: govsecreg@bpd.treas.gov Lee Grandy, Associate Director, Department of the Treasury, Government Securities Regulations Staff, 799 9th Street NW., Washington, DC 20239 Phone: 202 504-3632 Fax: 202 504-3635 Email: govsecreg@bpd.treas.gov Kevin Hawkins, Government Securities Specialist, Department of the Treasury, Government Securities Regulations Staff, 799 9th Street NW., Washington, DC 20239 Phone: 202 504-3632 Fax: 202 504-3635 Email: govsecreg@bpd.treas.gov RIN: 1505-AB06 _______________________________________________________________________ 2269. TERRORISM RISK INSURANCE PROGRAM; ADDITIONAL CLAIMS ISSUES Priority: Other Significant. Major status under 5 USC 801 is undetermined. Legal Authority: Terrorism Risk Insurance Act, title 1, PL 107-297, 116 Stat 2322; 15 USC 6701 note; 5 USC 301 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, title I, Public Law 107-297, and the Program, 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, 2005. This rule provides requirements for claims procedures related to the later stages of claims administration as well as secondary issues such as procedures in case of insurer insolvency. This rule clarifies that for purposes of calculating insurer deductibles and meeting the requirements for claiming the federal share of compensation, insurer affiliations are determined based on the insurer's circumstances as of the date of the first certified act of terrorism in a Program Year. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/18/05 70 FR 2830 NPRM Comment Period End 02/18/05 Final Action 05/00/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Howard Leikin, Senior Insurance Advisor, Department of the Treasury, Office of Financial Institutions, Terrorism Risk Insurance Program, 1500 Pennsylvania Avenue NW., Washington, DC 20220 Phone: 202 622-6770 RIN: 1505-AB09 _______________________________________________________________________ 2270. 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 10/00/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: Transferred from RIN 1515-AC32 Agency Contact: Monika Rice Brenner, Chief, Special Classification and Marking Branch, Department of Homeland Security, Bureau of Customs and Border Protection, Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 572-8810 Kristen VerSteeg, Attorney-Advisor, Special Classification and Marking Branch, Department of the Treasury, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 572-8832 RIN: 1505-AB21 _______________________________________________________________________ 2271. EXPANDED METHODS OF PAYMENT OF DUTIES, TAXES, INTEREST, AND FEES Priority: Substantive, Nonsignificant Legal Authority: 5 USC 301; 19 USC 197; 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 payment of duties, taxes, fees, interest, and other charges by any electronic technology or charge cards (either debit or credit cards) that are authorized by the Commissioner and by removing the limitation that these methods of payment may only be used by noncommercial entities. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 03/17/99 64 FR 13141 NPRM Comment Period End 05/17/99 Final Action 10/00/05 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 [[Page 27349]] _______________________________________________________________________ 2272. 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 08/00/05 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 _______________________________________________________________________ 2273. 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-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 06/00/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: Transferred from RIN 1515-AC72 Agency Contact: Cynthia Reese, Senior Attorney, Department of Homeland Security, Bureau of Customs and Border Protection, Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 572-8790 RIN: 1505-AB26 _______________________________________________________________________ 2274. EXPANDED WEEKLY ENTRY PROCEDURE FOR FOREIGN TRADE ZONES Priority: Substantive, Nonsignificant Legal Authority: 19 USC 66; 19 USC 81a to 81u; 19 USC 1202; 19 USC 1484i; 19 USC 1623; 19 USC 1624 CFR Citation: 19 CFR 146 Legal Deadline: None Abstract: Amendment in conformance with the Trade and Development Act of 2000 to expand the weekly entry procedure for foreign trade zones to include merchandise involved in activities other than exclusively assembly-line production operations. Under the expanded weekly procedure, weekly entries covering estimated removals of merchandise from a foreign trade zone for any seven-day period and the associated entry summaries will have to be filed exclusively through the Automated Broker Interface, with duties, fees, and taxes being scheduled for payment through the Automated Clearinghouse. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/25/02 67 FR 48594 NPRM Comment Period End 09/23/02 To Be Withdrawn 05/00/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: Transferred from RIN 1515-AC74 Agency Contact: William G. Rosoff, Chief, Duty Refund and Determination Branch, Department of the Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 572-8807 Debbie Scott, Chief, Entry and Drawback Management, Department of the Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 344-1962 RIN: 1505-AB27 _______________________________________________________________________ 2275. 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 [[Page 27350]] 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 06/00/05 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, Room 503, Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 572-8790 RIN: 1505-AB28 _______________________________________________________________________ 2276. 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 07/00/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: Transferred from RIN 1515-AC77 Agency Contact: Dennis Lomax, Accountant, Department of Homeland Security, Bureau of Customs and Border Protection, Accounting Services Division, Office of Finance, Indianapolis, IN 46278 Phone: 317 298-1200 RIN: 1505-AB29 _______________________________________________________________________ 2277. 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 customs 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 10/00/05 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 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 _______________________________________________________________________ 2278. 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 07/00/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: Transferred from RIN 1515-AC94 Agency Contact: Gina Grier, Attorney, Entry Procedures and Carriers Branch, Department of Homeland Security, Bureau of Customs and Border Protection, Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 572-8730 Robert E. Watt, Department of the Treasury, Office of Field Operations, [[Page 27351]] 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 344-2663 RIN: 1505-AB34 _______________________________________________________________________ 2279. 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 06/00/05 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, Room 503, 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 _______________________________________________________________________ 2280. 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 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 08/00/05 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 Cynthia Reese, Senior Attorney, Department of the Treasury, Room 503, Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 572-8790 RIN: 1505-AB38 _______________________________________________________________________ 2281. 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 06/00/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: None [[Page 27352]] Additional Information: Transferred from RIN 1515-AD21 Agency Contact: Joseph Lanzante, Operations Officer, Department of the Treasury, Office of Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 344-2675 RIN: 1505-AB39 _______________________________________________________________________ 2282. 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 06/00/05 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, Room 503, Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 572-8790 RIN: 1505-AB40 _______________________________________________________________________ 2283. TARIFF TREATMENT RELATED TO DISASSEMBLY OPERATIONS UNDER THE NORTH AMERICAN FREE TRADE AGREEMENT (NAFTA) 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: Amendment to amend the Customs and Border Protection Regulations concerning the North American Free Trade Agreement (NAFTA) to allow components that are recovered from the disassembly of used goods in a NAFTA country to be entitled to NAFTA originating status when imported into the United States, provided that: 1) the recovered components satisfy the applicable NAFTA rules of origin requirements; and 2) where the applicable rule of origin does not include a regional value content requirement, the components are subject to further processing in the NAFTA country beyond certain minor operations. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 03/13/03 68 FR 12011 NPRM Comment Period End 05/12/03 Final Action 05/00/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: Transferred from RIN 1515-AD23 Agency Contact: Shari Suzuki, Attorney, International Agreements Staff, Department of the Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Avenue, NW, Washington, DC 20229 Phone: 202 572-8818 RIN: 1505-AB41 _______________________________________________________________________ 2284. 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 12/00/05 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 _______________________________________________________________________ 2285. UNITED STATES--SINGAPORE 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, U.S.-Singapore Free Trade Agreement Implementation Act. Abstract: Amendment to implement the preferential tariff treatment and [[Page 27353]] 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 07/00/05 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 _______________________________________________________________________ 2286. 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 08/00/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Paul Pizzeck, Attorney, Intellectual Property Rights 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, Intellectual Property Rights Branch, Department of the Treasury, Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 572-8709 RIN: 1505-AB51 _______________________________________________________________________ Department of the Treasury (TREAS) Long-Term Actions Departmental Offices (DO) _______________________________________________________________________ 2287. 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 _______________________________________________________________________ 2288. FINANCIAL ACTIVITIES OF FINANCIAL SUBSIDIARIES Priority: Substantive, Nonsignificant CFR Citation: Not Yet Determined Timetable: ________________________________________________________________________ Action 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 Next Action Undetermined Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Gary W. Sutton Phone: 202 622-1976 Fax: 202 622-1974 Email: gary.sutton@do.treas.gov RIN: 1505-AA80 _______________________________________________________________________ 2289. 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: Gary W. Sutton Phone: 202 622-1976 Fax: 202 622-1974 Email: gary.sutton@do.treas.gov RIN: 1505-AA81 _______________________________________________________________________ 2290. 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: Gary W. Sutton Phone: 202 622-1976 Fax: 202 622-1974 [[Page 27354]] Email: gary.sutton@do.treas.gov RIN: 1505-AA84 _______________________________________________________________________ 2291. SECRETARY'S DETERMINATION OF OTHER ACTIVITIES FINANCIAL IN NATURE Priority: Substantive, Nonsignificant CFR Citation: 12 CFR 1501.2 Timetable: ________________________________________________________________________ Action 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 Next Action Undetermined Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Gary W. Sutton Phone: 202 622-1976 Fax: 202 622-1974 Email: gary.sutton@do.treas.gov RIN: 1505-AA85 _______________________________________________________________________ 2292. 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: 317 298-1200 RIN: 1505-AB11 _______________________________________________________________________ 2293. 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: 317 298-1200 RIN: 1505-AB12 _______________________________________________________________________ 2294. 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 _______________________________________________________________________ 2295. 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) _______________________________________________________________________ 2296. PROTOTYPES USED SOLELY FOR PRODUCT DEVELOPMENT, TESTING, EVALUATION, OR QUALITY CONTROL PURPOSES Priority: Substantive, Nonsignificant CFR Citation: 19 CFR 10; 19 CFR 163 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action 11/02/04 69 FR 63445 Final Action Effective 12/02/04 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Richard Wallio Phone: 202 344-2556 RIN: 1505-AB32 _______________________________________________________________________ 2297. PREFERENTIAL TREATMENT OF BRASSIERES UNDER THE UNITED STATES- CARIBBEAN BASIN TRADE PARTNERSHIP ACT Priority: Substantive, Nonsignificant CFR Citation: 19 CFR 10; 19 CFR 163 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action 11/30/04 69 FR 69511 Final Action Effective 12/30/04 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Cynthia Reese Phone: 202 572-8790 Brian Fennessy Phone: 202 344-2272 RIN: 1505-AB33 [[Page 27355]] _______________________________________________________________________ 2298. MERCHANDISE PROCESSING FEES ELIGIBLE TO BE CLAIMED AS CERTAIN TYPES OF DRAWBACK BASED ON SUBSTITUTION OF FINISHED PETROLEUM DERIVATIVES Priority: Substantive, Nonsignificant CFR Citation: 19 CFR 191 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action 10/07/04 69 FR 60082 Final Action Effective 11/08/04 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: William G. Rosoff Phone: 202 572-8807 RIN: 1505-AB44 _______________________________________________________________________ 2299. [bull] EXTENSION OF IMPORT RESTRICTIONS IMPOSED ON CERTAIN CATEGORIES OF ARCHAEOLOGICAL MATERIAL FROM THE PREHISPANIC CULTURES OF THE REPUBLIC OF EL SALVADOR 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 title 19 of the Code of Federal Regulations to reflect the extension for an additional five years of the import restrictions on certain categories of archaeological material from the Prehispanic cultures of the Republic of El Salvador. These restrictions are being extended pursuant to determinations of the U. S. Department of State made under the terms of the Convention on Cultural Property Implementation Act in accordance with the United Nations Educational, Scientific, and Cultural Organization Convention on the Means of Prohibiting and Preventing the Illicit Import, Export, and Transfer of Ownership of Cultural Property. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Final Action Effective 03/08/05 Final Action 03/09/05 70 FR 11539 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: 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-AB56 BILLING CODE 4810--25--S _______________________________________________________________________ Department of the Treasury (TREAS) Prerule Stage Financial Crimes Enforcement Network (FINCEN) _______________________________________________________________________ 2300. 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 pawn brokers 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 12/00/05 Regulatory Flexibility Analysis Required: Undetermined 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 RIN: 1506-AA39 _______________________________________________________________________ Department of the Treasury (TREAS) Proposed Rule Stage Financial Crimes Enforcement Network (FINCEN) _______________________________________________________________________ 2301. AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--DELEGATION OF AUTHORITY TO ASSESS CIVIL MONEY PENALTIES ON DEPOSITORY INSTITUTIONS Priority: Substantive, Nonsignificant Legal Authority: 31 USC 5321(e), Bank Secrecy Act CFR Citation: 31 CFR 103 Legal Deadline: None Abstract: This notice of proposed rulemaking proposes to delegate to the appropriate Federal banking regulatory agencies the authority to assess civil money penalties on depository institutions for violations of the Bank Secrecy Act. The regulation would prescribe the parameters of the delegated authority. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: Federal 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 RIN: 1506-AA08 _______________________________________________________________________ 2302. CUSTOMER IDENTIFICATION PROGRAMS FOR TRAVEL AGENTS Priority: Substantive, Nonsignificant Legal Authority: PL 107-56, sec 326 CFR Citation: Not Yet Determined [[Page 27356]] 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 12/00/05 Regulatory Flexibility Analysis Required: Undetermined 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 RIN: 1506-AA38 _______________________________________________________________________ 2303. 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 12/00/05 Regulatory Flexibility Analysis Required: Undetermined 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 RIN: 1506-AA40 _______________________________________________________________________ 2304. 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 ANPRM Comment Period End 04/10/03 NPRM 12/00/05 Regulatory Flexibility Analysis Required: Undetermined 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 RIN: 1506-AA41 _______________________________________________________________________ 2305. 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 12/00/05 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-AA69 _______________________________________________________________________ 2306. 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 12/00/05 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-AA73 [[Page 27357]] _______________________________________________________________________ 2307. 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 12/00/05 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-AA79 _______________________________________________________________________ 2308. 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 ________________________________________________________________________ NPRM 12/00/05 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-AA80 _______________________________________________________________________ Department of the Treasury (TREAS) Final Rule Stage Financial Crimes Enforcement Network (FINCEN) _______________________________________________________________________ 2309. 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 12/00/05 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 RIN: 1506-AA15 _______________________________________________________________________ 2310. 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 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: 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 RIN: 1506-AA23 [[Page 27358]] _______________________________________________________________________ 2311. 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 12/00/05 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 RIN: 1506-AA25 _______________________________________________________________________ 2312. DUE DILIGENCE REQUIREMENTS FOR CORRESPONDENT ACCOUNTS AND PRIVATE BANKING ACCOUNTS Priority: Substantive, Nonsignificant Legal Authority: 31 USC 5318(i) CFR Citation: 31 CFR 103.175 to 103.178 Legal Deadline: Final, Statutory, July 23, 2002, Public Law 107-56, sec 312. Abstract: Section 5318(i) of 31 U.S.C., added by section 312 of the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act (USA PATRIOT Act) of 2001, requires U.S. financial institutions to establish due diligence policies, procedures, and controls reasonably designed to detect and report money laundering through correspondent accounts and private banking accounts that U.S. financial institutions establish or maintain for non-U.S. persons. Section 312 takes effect on July 23, 2002, whether or not Treasury has issued a final rule implementing that provision. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/30/02 67 FR 37736 NPRM Comment Period End 07/01/02 Interim Final Rule 07/23/02 67 FR 48347 Interim Final Rule Effective 07/23/02 Interim Final Rule Comment Period End 08/22/02 Final Action 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: 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 RIN: 1506-AA29 _______________________________________________________________________ 2313. 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 Action 05/09/03 68 FR 25090 NPRM Comment Period End 06/23/03 Final Action 06/00/05 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 RIN: 1506-AA31 _______________________________________________________________________ 2314. FINANCIAL CRIMES ENFORCEMENT NETWORK; AMENDMENT TO THE BANK SECRECY ACT REGULATIONS REQUIREMENT THAT INSURANCE COMPANIES REPORT SUSPICIOUS TRANSACTIONS Priority: Substantive, Nonsignificant Legal Authority: 12 USC 1829b; 12 USC 1951 to 1959; 31 USC 5311 to 5332 CFR Citation: 31 CFR 103.16 Legal Deadline: None Abstract: This document will require insurance companies to report suspicious transactions to the Department of the Treasury. The amendments constitute 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 a part of the counter-money laundering program of the Department of the Treasury. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 10/17/02 67 FR 64067 NPRM Comment Period End 12/16/02 Final Action 06/00/05 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 RIN: 1506-AA36 [[Page 27359]] _______________________________________________________________________ 2315. 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 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 06/00/05 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 RIN: 1506-AA37 _______________________________________________________________________ 2316. 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 12/00/05 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 RIN: 1506-AA43 _______________________________________________________________________ 2317. 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 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: 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 RIN: 1506-AA61 _______________________________________________________________________ 2318. 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 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: 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 RIN: 1506-AA64 _______________________________________________________________________ 2319. 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 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No [[Page 27360]] 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 RIN: 1506-AA65 _______________________________________________________________________ 2320. 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 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: 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 RIN: 1506-AA67 _______________________________________________________________________ 2321. 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 ________________________________________________________________________ Final Action 06/00/05 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 _______________________________________________________________________ 2322. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--ANTI-MONEY LAUNDERING PROGRAMS FOR INSURANCE 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 insurance companies, as defined in the Bank Secrecy Act. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Final Action 06/00/05 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-AA70 _______________________________________________________________________ 2323. 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 ________________________________________________________________________ Final Action 12/00/05 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-AA71 _______________________________________________________________________ 2324. 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 financial institutions, as defined in the Bank Secrecy Act. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Final Action 12/00/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Office of the Chief Counsel, Department of the Treasury, [[Page 27361]] 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-AA72 _______________________________________________________________________ 2325. 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 ________________________________________________________________________ Final Action 12/00/05 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-AA74 _______________________________________________________________________ 2326. 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 ________________________________________________________________________ Final Action 12/00/05 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-AA75 _______________________________________________________________________ 2327. 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 ________________________________________________________________________ Final Action 12/00/05 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-AA76 _______________________________________________________________________ 2328. 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 ________________________________________________________________________ Final Action 12/00/05 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, Previously reported as 1506-AA57 RIN: 1506-AA77 _______________________________________________________________________ 2329. 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 ________________________________________________________________________ Final Action 06/00/05 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-AA78 [[Page 27362]] _______________________________________________________________________ Department of the Treasury (TREAS) Long-Term Actions Financial Crimes Enforcement Network (FINCEN) _______________________________________________________________________ 2330. 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: Office of the Chief Counsel Phone: 703 905-3590 Fax: 703 905-3735 RIN: 1506-AA19 BILLING CODE 4820--02--S _______________________________________________________________________ Department of the Treasury (TREAS) Proposed Rule Stage Financial Management Service (FMS) _______________________________________________________________________ 2331. 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 10/00/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: Federal Agency Contact: Ella White, Program Analyst, Department of the Treasury, Financial Management Service, Room 8D25, 3700 East-West Highway, Hyattsville, MD 20782 Phone: 202 874-8445 Email: ella.white@fms.treas.gov RIN: 1510-AA51 _______________________________________________________________________ 2332. 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 NPRM 09/00/05 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, Room 620D, 3700 East-West Highway, Hyattsville, MD 20782 Phone: 202 874-8380 Email: vivian.cooper@fms.treas.gov RIN: 1510-AA52 _______________________________________________________________________ Department of the Treasury (TREAS) Final Rule Stage Financial Management Service (FMS) _______________________________________________________________________ 2333. SALARY OFFSET Priority: Substantive, Nonsignificant Legal Authority: 5 USC 5514 CFR Citation: 31 CFR 285.7 Legal Deadline: None Abstract: This rule governs the centralized computer matching of Federal employee records for purposes of salary offset to collect nontax delinquent debt owed the Federal Government. [[Page 27363]] Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 04/28/98 63 FR 23353 Final Action 05/00/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: Federal Agency Contact: Gerry Isenberg, Financial Program Specialist, Debt Management Service, Department of the Treasury, Financial Management Service, Room 448B, 401 14th Street SW., Washington, DC 20227 Phone: 202 874-7131 Fax: 202 874-7494 Email: gerald.isenberg@fms.treas.gov RIN: 1510-AA70 _______________________________________________________________________ 2334. 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 12/00/05 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, Room 448B, 401 14th Street SW., Washington, DC 20227 Phone: 202 874-7131 Fax: 202 874-7494 Email: gerald.isenberg@fms.treas.gov RIN: 1510-AA91 _______________________________________________________________________ 2335. 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 07/00/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: Federal Agency Contact: Matthew R. Friend, Acting Director, Settlement Services Division, Department of the Treasury, Financial Management Service, 401 14th Street SW., Washington, DC 20227 Phone: 202 874-1251 Fax: 202 874-8644 Email: matthew.friend@fms.treas.gov RIN: 1510-AB00 _______________________________________________________________________ 2336. 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 05/00/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Laura Carrico, Acting Director, Investment Management Division, Department of the Treasury, Financial Management Service, 401 14th Street SW., Washington, DC 20227 Phone: 202 874-7119 Email: laura.carrico@fms.treas.gov RIN: 1510-AB01 _______________________________________________________________________ 2337. [bull] ADMINISTRATIVE WAGE GARNISHMENT CLARIFICATIONS Priority: Substantive, Nonsignificant Legal Authority: 31 USC 3720D CFR Citation: 31 CFR 285.11 Legal Deadline: None Abstract: The Debt Collection Improvement Act of 1996, Public Law 104- 134 (April 26, 1996) authorizes Federal agencies collecting a delinquent nontax debt to garnish administratively the wages of the debtor to collect the delinquent debt. A final rule implementing this authority was published in the Federal Register on May 6, 1998, at 63 FR 25135. This rule will clarify the meaning of certain terms used in the final rule, as well as clarify certain procedures described in the final rule. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 01/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Federal, Local, State Agency Contact: Gerry Isenberg, Financial Program Specialist, Debt Management Service, Department of the Treasury, Financial Management Service, Room 44AB, 401 14th Street SW., Washington, DC 20227 Phone: 202 874-7131 Fax: 202 874-7494 Email: gerald.isenberg@fms.treas.gov Related RIN: Related to 1510-AA67 RIN: 1510-AB02 [[Page 27364]] _______________________________________________________________________ Department of the Treasury (TREAS) Completed Actions Financial Management Service (FMS) _______________________________________________________________________ 2338. OFFSET OF FEDERAL PAYMENTS (OTHER THAN TAX REFUND AND FEDERAL BENEFIT PAYMENTS) TO COLLECT PAST-DUE, LEGALLY ENFORCEABLE NONTAX DEBT Priority: Substantive, Nonsignificant CFR Citation: 31 CFR 285.5 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Rule 01/21/05 70 FR 3415 Regulatory Flexibility Analysis Required: No Government Levels Affected: Federal Agency Contact: Gerry Isenberg Phone: 202 874-7131 Fax: 202 874-7494 Email: gerald.isenberg@fms.treas.gov RIN: 1510-AA65 _______________________________________________________________________ 2339. OFFSET OF FEDERAL PAYMENTS (OTHER THAN TAX REFUND AND FEDERAL BENEFIT PAYMENTS) TO COLLECT PAST-DUE DEBTS OWED TO STATES (OTHER THAN CHILD SUPPORT) Priority: Substantive, Nonsignificant CFR Citation: 31 CFR 285.6 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Withdrawn 03/14/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: State Federalism: Undetermined Agency Contact: Gerry Isenberg Phone: 202 874-7131 Fax: 202 874-7494 Email: gerald.isenberg@fms.treas.gov RIN: 1510-AA66 _______________________________________________________________________ 2340. PUBLIC DISSEMINATION OF IDENTITY OF DELINQUENT DEBTORS Priority: Substantive, Nonsignificant CFR Citation: 31 CFR 285.14 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Withdrawn 03/14/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: Federal Agency Contact: Gerry Isenberg Phone: 202 874-7131 Fax: 202 874-7494 Email: gerald.isenberg@fms.treas.gov RIN: 1510-AA72 _______________________________________________________________________ 2341. OFFSET OF TAX REFUND PAYMENT TO COLLECT STATE INCOME TAX OBLIGATIONS Priority: Substantive, Nonsignificant CFR Citation: 31 CFR 285.8 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action 01/26/05 70 FR 3616 Regulatory Flexibility Analysis Required: No Government Levels Affected: Federal, State Agency Contact: Gerry Isenberg Phone: 202 874-6804 Email: gerald.isenberg@fms.treas.gov RIN: 1510-AA78 _______________________________________________________________________ 2342. SURETY BOND REIMBURSEMENT FUND Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. CFR Citation: 31 CFR 223 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Withdrawn 03/14/05 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Federalism: Undetermined Agency Contact: Vivian Cooper Phone: 202 874-8380 Email: vivian.cooper@fms.treas.gov RIN: 1510-AA85 _______________________________________________________________________ 2343. INDORSEMENT AND PAYMENT OF CHECKS DRAWN ON THE U.S. TREASURY Priority: Substantive, Nonsignificant CFR Citation: 31 CFR 240 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Interim Final Rule 04/01/04 69 FR 17274 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Federal Agency Contact: Ronald Lee Brooks Phone: 202 874-7573 Fax: 202 874-2294 Email: ronald.brooks@fms.treas.gov Related RIN: Related to 1510-AA51 RIN: 1510-AA99 BILLING CODE 4810--35--S _______________________________________________________________________ Department of the Treasury (TREAS) Prerule Stage Alcohol and Tobacco Tax and Trade Bureau (TTB) _______________________________________________________________________ ALCOHOL ____________________________________________________ 2344. [bull] PROPOSED REVISIONS TO THE BEER REGULATIONS Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. 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 05/00/05 ANPRM Comment Period End 08/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: None [[Page 27365]] Agency Contact: RaMona Hupp, Writer-Editor, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-2166 Fax: 202 927-8525 Email: ramona.hupp@ttb.gov Related RIN: Related to 1513-AA12 RIN: 1513-AB05 _______________________________________________________________________ 2345. [bull] LABELING AND ADVERTISING OF WINES, DISTILLED SPIRITS, AND MALT 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 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 the 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 05/00/05 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Agency Contact: Lisa M. Gesser, TTB Specialist, 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 _______________________________________________________________________ 2346. [bull] ALLERGEN LABELING FOR ALCOHOL BEVERAGES Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. 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 05/00/05 NPRM 08/00/05 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 RIN: 1513-AB08 _______________________________________________________________________ 2347. 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 ANPRM 05/00/05 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 Fax: 215 333-8871 Email: joanne.brady@ttb.treas.gov RIN: 1513-AA00 [[Page 27366]] _______________________________________________________________________ Department of the Treasury (TREAS) Proposed Rule Stage Alcohol and Tobacco Tax and Trade Bureau (TTB) _______________________________________________________________________ ALCOHOL ____________________________________________________ 2348. PROHIBITION OF ALCOHOL BEVERAGE CONTAINERS AND STANDARD OF FILL FOR DISTILLED SPIRITS AND WINE Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205 CFR Citation: 27 CFR 4; 27 CFR 5; 27 CFR 7 Legal Deadline: None Abstract: TTB proposes to amend regulations to clarify the standards of fill for distilled spirits and wine. TTB also proposes to amend regulations to prohibit certain alcohol beverage containers that are likely to mislead consumers as to the identity or character of the distilled spirits, wine, or malt beverage products or to be confused with other (nonalcohol) food products. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 02/09/99 64 FR 6486 NPRM Comment Period End 04/12/99 Revised NPRM-Aggregate Packaging04/00/06 Revised NPRM-Deceptive Packaging04/00/06 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AB89 Agency Contact: Lisa M. Gesser, TTB Specialist, 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.treas.gov RIN: 1513-AA07 _______________________________________________________________________ 2349. [bull] WAHLUKE SLOPE VITICULTURAL AREA Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: The Wahluke Slope Wine Grape Growers Association proposes the establishment of the 81,000-acre Wahluke Slope viticultural area in eastern Washington State. It is approximately 145 miles southeast of Seattle, Washington, and just north of the Hanford Reservation, U.S. Department of Energy (DOE). There are currently 5,200 acres of vineyard land, as of the November 2004 petition date. The major distinguishing factors include its single landform and geographic isolation, distinctive soil patterns, and unique climate characteristics. A notice of proposed rulemaking is in review. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/00/05 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, 1310 G Street NW., Room 200 East, Washington, DC 20220 Phone: 415 271-1254 Fax: 707-778-6349 Email: nancy.sutton@ttb.gov RIN: 1513-AB01 _______________________________________________________________________ 2350. [bull] PETITION TO ESTABLISH SAN ANTONIO VALLEY AS A NEW AMERICAN VITICULTURAL AREA Priority: Substantive, Nonsignificant 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 09/00/05 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 _______________________________________________________________________ 2351. [bull] 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 10/00/05 NPRM Comment Period End 12/00/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Steven C. Simon, TTB Specialist, 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 _______________________________________________________________________ 2352. [bull] 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. These will give guidance on operations, [[Page 27367]] taxpayment, recordkeeping, reporting, and segregation of products made by separate brewers. TTB will first issue interpretative guidelines in the form of an industry memorandum or industry circular prior to proposing regulations on the subject. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: None Agency Contact: Charles N. Bacon, Program Manager, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 5056, Beverly Farms, MA 01915 Phone: 978 921-1840 Fax: 978 921-1840 Email: charles.bacon@ttb.gov RIN: 1513-AB09 _______________________________________________________________________ Administrative/Procedures ____________________________________________________ 2353. AVAILABILITY OF INFORMATION Priority: Info./Admin./Other Legal Authority: 26 USC 6103; 5 USC 552; 5 USC 552(a) CFR Citation: Not Yet Determined 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. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/05 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, 1310 G Street NW., Room 200E, Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: jessica.bungard@ttb.gov RIN: 1513-AA98 _______________________________________________________________________ TOBACCO PRODUCTS ____________________________________________________ 2354. [bull] DETERMINATION OF SALE PRICE OF LARGE CIGARS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 5701; 26 USC 5702; 26 USC 7805 CFR Citation: 27 CFR 40.22 Legal Deadline: None Abstract: TTB will address how the sale price is determined on large cigars for excise tax purposes. We will provide guidance on issues such as exclusions from the sale price, rebates, promotions, discounts, and the treatment of large cigars given free as samples. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/00/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Amy J. Rogers, 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: amy.rogers@ttb.gov RIN: 1513-AB10 _______________________________________________________________________ 2355. DETERMINATION OF TAX AND RECORDKEEPING ON LARGE CIGARS Priority: Substantive, Nonsignificant Legal Authority: 27 USC 5701; 27 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 08/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC22 Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8181 Fax: 202 927-8525 Email: wade-chapman.linda@ttb.gov RIN: 1513-AA16 _______________________________________________________________________ 2356. 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 [[Page 27368]] 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 10/00/05 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, 1310 G Street NW., Room 200E, Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: daniel.hiland@ttb.gov RIN: 1513-AA23 _______________________________________________________________________ 2357. REGULATORY CHANGES FROM CUSTOMS SERVICE FINAL RULE Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 27 CFR 44 Legal Deadline: None Abstract: The temporary rule prescribes TTB regulations relating to a final rule (T.D. 92-181, 57 FR 37692), published by the former U.S. Customs Service (Customs). Customs published this final rule to create a separate class of customs bonded warehouse duty-free store (class 9). A class 9 customs bonded warehouse may receive tobacco products or cigarette papers or tubes without payment of Federal excise tax. The temporary rule prescribes the regulations that allow a manufacturer of tobacco products or cigarette papers and tubes and an export warehouse proprietor to send such articles to a class 9 customs bonded warehouse. In addition, the temporary rule prescribes regulations that allow a proprietor of a customs bonded manufacturing warehouse to send such cigars to a class 9 customs bonded warehouse. This notice of proposed rulemaking invites comments on the temporary rule. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC56 Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8181 Fax: 202 927-8525 Email: wade-chapman.linda@ttb.gov RIN: 1513-AA26 _______________________________________________________________________ 2358. SHIPMENTS OF TOBACCO PRODUCTS OR CIGARETTE PAPERS OR TUBES WITHOUT PAYMENT OF TAX Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 27 CFR 40; 27 CFR 275 Legal Deadline: None Abstract: The proposed rule clarifies regulations and establishes procedures governing tobacco products or cigarette papers or tubes brought in bond from Puerto Rico to the United States. In addition, the proposed rule would allow a manufacturer of tobacco products to receive in bond, cigarette papers and tubes for placement in packages of roll- your-own tobacco, and would eliminate filing bond extensions for tobacco products and cigarette papers or tubes from the U.S. Virgin Islands. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC57 Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8181 Fax: 202 927-8525 Email: wade-chapman.linda@ttb.gov RIN: 1513-AA27 _______________________________________________________________________ 2359. TAX-PAID DISTILLED SPIRITS USED IN MANUFACTURING PRODUCTS UNFIT FOR BEVERAGE USE Priority: Substantive, Nonsignificant Legal Authority: 26 USC 5010; 26 USC 5131 to 5134; 26 USC 5143; 26 USC 5206; 26 USC 5273; . . . CFR Citation: 27 CFR 17 Legal Deadline: None Abstract: TTB proposes to amend the regulations on tax-paid distilled spirits used to manufacture nonbeverage products to allow manufacturers to use natural and artificial one percent solutions without having to file Form 5154.1, Formula and Process for Nonbeverage Product. This proposal is part of an ongoing effort to streamline the TTB Alcohol and Tobacco Laboratory's flavor formula approval process. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC73 Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8181 Fax: 202 927-8525 Email: wade-chapman.linda@ttb.gov RIN: 1513-AA37 _______________________________________________________________________ 2360. PROPOSED ADDITION OF NEW GRAPE VARIETY NAMES FOR AMERICAN WINES Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205 CFR Citation: 27 CFR 4 [[Page 27369]] 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 09/00/05 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 _______________________________________________________________________ 2361. MARKS, LABELS, NOTICES, AND BONDS FOR, AND REMOVAL OF, TOBACCO PRODUCTS, AND CIGARETTE PAPERS AND TUBES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 5704; 26 USC 7805 CFR Citation: 27 CFR 40; 27 CFR 275 Legal Deadline: None Abstract: This notice of proposed rulemaking requires labels, notices, and marks for removals, in bond, of tobacco products or cigarette papers and tubes that are not in packages. This notice proposes new sections that prohibit the removal of tobacco products or cigarette papers or tubes that are not in packages for domestic uses. Packages are the immediate containers in which a manufacturer or importer places the tobacco products or cigarette papers or tubes for sale or delivery to the consumer. Also, this notice broadens the language for extending bonds so that manufacturers may receive tobacco products, cigarette papers and tubes, without payment of tax, from Puerto Rico. This notice may affect the operations conducted by manufacturers of tobacco products or cigarette papers and tubes and importers of tobacco products. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC90 Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8181 Fax: 202 927-8525 Email: wade-chapman.linda@ttb.gov RIN: 1513-AA49 _______________________________________________________________________ 2362. PETITION TO ESTABLISH ``SANTA MARIA BENCH'' AS A NEW AMERICAN VITICULTURAL AREA Priority: Substantive, Nonsignificant 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 3,200 acres, with 1,500 acres planted to wine grapes, and is within the established Santa Maria and the Central Coast viticultural areas. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC93 Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8181 Fax: 202 927-8525 Email: wade-chapman.linda@ttb.gov RIN: 1513-AA51 _______________________________________________________________________ 2363. IN-TRANSIT STOPS OF TOBACCO PRODUCTS, AND CIGARETTE PAPERS AND TUBES WITHOUT PAYMENT OF TAX Priority: Substantive, Nonsignificant Legal Authority: 26 USC 5704 CFR Citation: 27 CFR 40; 27 CFR 44 Legal Deadline: None Abstract: This notice is the result of a petition from the Cigar Association of America and the Pipe Tobacco Council. The petition requests that TTB change its position regarding in-transit stops of tobacco products and cigarette papers and tubes after removal without payment of tax from a factory. TTB has taken the position that the law provides that manufacturers may remove the tobacco products and cigarette papers and tubes by paying the excise tax and subsequently filing a claim for drawback. This notice proposes to clarify the regulations to recognize such in-transit stops and specifies records that manufacturers and export warehouse proprietors maintain relating to the removals without payment of tax. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC95 Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8181 Fax: 202 927-8525 Email: wade-chapman.linda@ttb.gov RIN: 1513-AA52 _______________________________________________________________________ 2364. PETITION TO EXPAND THE LIVERMORE VALLEY VITICULTURAL AREA Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: TTB received a petition proposing to expand the boundaries of [[Page 27370]] 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 (NPRM) is being reviewed. The NPRM 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 05/00/05 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 _______________________________________________________________________ 2365. SAN FRANCISCO BAY AND CENTRAL COAST VITICULTURAL AREAS--BOUNDARY REALIGNMENT/EXPANSION Priority: Substantive, Nonsignificant 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 (NPRM) is being reviewed. The NPRM includes expansion of the Livermore Valley American viticultural area. All three will be published together. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/00/05 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 _______________________________________________________________________ 2366. PETITION TO ESTABLISH THE ``FORT ROSS SEAVIEW'' VITICULTURAL AREA Priority: Substantive, Nonsignificant 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 feet and 1,800 feet elevations, is the sunny and warm growing season that contrasts to the surrounding foggy and cooler lower elevations. A draft notice of proposed rulemaking is in review. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/00/05 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 5000, Room 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov RIN: 1513-AA64 _______________________________________________________________________ 2367. PETITION TO ESTABLISH THE ``SHAWNEE HILLS'' VITICULTURAL AREA Priority: Substantive, Nonsignificant 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 06/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Rita Butler, Writer-Editor, 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: rita.butler@ttb.treas.gov RIN: 1513-AA70 _______________________________________________________________________ 2368. PROPOSED ESTABLISHMENT OF ALTA MESA VITICULTURAL AREA Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: The Lodi American Viticultural Areas (LAVA) 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 Committee is petitioning for seven new viticultural areas within the original Lodi viticultural area boundaries. A notice of proposed rulemaking is being reviewed. [[Page 27371]] Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/00/05 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 5000, Room 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov RIN: 1513-AA82 _______________________________________________________________________ 2369. PROPOSED ESTABLISHMENT OF THE COSUMNES RIVER VITICULTURAL AREA Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: The Lodi American Viticultural Areas (LAVA) 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 Committee is petitioning for seven new viticultural areas within the boundaries of the original Lodi viticultural area. A notice of proposed rulemaking is being reviewed. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/00/05 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 5000, Room 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov RIN: 1513-AA83 _______________________________________________________________________ 2370. PROPOSED ESTABLISHMENT OF SLOUGHHOUSE VITICULTURAL AREA Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: The Lodi American Viticultural Areas (LAVA) 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 Committee is petitioning for seven new viticultural areas within the original boundaries of the Lodi viticultural area. A notice of proposed rulemaking is being reviewed. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/00/05 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 5000, Room 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov RIN: 1513-AA84 _______________________________________________________________________ 2371. PROPOSED ESTABLISHMENT OF MOKELUMNE RIVER VITICULTURAL AREA Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: The Lodi American Viticultural Areas (LAVA) 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 factors of the area include the alluvial fan with its topography and geology in contrast to the surrounding areas, and the cool, breezy climate. The Committee is petitioning for seven new viticultural areas within the original Lodi viticultural area. A notice of proposed rulemaking is being reviewed. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/00/05 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 5000, Room 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov RIN: 1513-AA85 _______________________________________________________________________ 2372. PROPOSED ESTABLISHMENT OF JAHANT VITICULTURAL AREA Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: The Lodi American Viticultural Areas (LAVA) 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 Committee is petitioning for seven new viticultural areas within the boundaries of the original Lodi viticultural area. A notice of proposed rulemaking is being reviewed. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Nancy Sutton, AVA Program Manager, Department of the [[Page 27372]] Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 5000, Room 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov RIN: 1513-AA86 _______________________________________________________________________ 2373. PROPOSED ESTABLISHMENT OF BORDEN RANCH VITICULTURAL AREA Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: The Lodi American Viticultural Areas (LAVA) 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 Committee is petitioning for seven new viticultural areas within the original Lodi viticultural area boundaries. A notice of proposed rulemaking is being reviewed. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/00/05 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 5000, Room 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov RIN: 1513-AA87 _______________________________________________________________________ 2374. PROPOSED ESTABLISHMENT OF CLEMENTS HILLS VITICULTURAL AREA Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: The Lodi American Viticultural Areas (LAVA) 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 Committee is petitioning for seven new viticultural areas within the original Lodi viticultural area boundaries. A notice of proposed rulemaking is being reviewed. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/00/05 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 5000, Room 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov RIN: 1513-AA88 _______________________________________________________________________ 2375. PROPOSED ESTABLISHMENT OF THE MT. OSO VITICULTURAL AREA Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: The proposed Mt. Oso viticultural area, about 15 miles long and 5 miles wide with 1,005 acres of vineyards, is nestled in the foothills between the San Joaquin Valley and the Diablo Range in San Joaquin and Stanislaus counties in California. The sloping hillside topography includes streams and alluvial fans and plains. The distinguishing climatic features of this 38,414-acre proposed area include limited rainfall and persistent winds, along with sparse fog, frost, and dew. A notice of proposed rulemaking is being reviewed. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/00/05 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 _______________________________________________________________________ 2376. PETITION TO ESTABLISH ``CALISTOGA'' AS AN AMERICAN VITICULTURAL AREA Priority: Substantive, Nonsignificant 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 proposes 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 invite comments on this proposed addition to our regulations, particularly from bottlers who use brand names similar to Calistoga. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Lisa M. Gesser, TTB Specialist, 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.treas.gov RIN: 1513-AA92 [[Page 27373]] _______________________________________________________________________ 2377. RAMONA VALLEY VITICULTURAL AREA Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: The proposed 89,000-acre Ramona Valley viticultural area is in San Diego County, CA, and totally within the established, larger South Coast viticultural area. The distinguishing factors of the Ramona Valley area, according to the petition, include its high-elevation geography, climate that is based primarily on its inland location, and soils, to a lesser extent. There are currently 45 acres of vineyards in commercial production. A notice of proposed rulemaking is in review. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/00/05 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 5000, Room 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov RIN: 1513-AA94 _______________________________________________________________________ 2378. DOS RIOS VITICULTURAL AREA Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: Ralph Jens Carter of Sonoma, California, is proposing the new Dos Rios AVA, located about five miles beyond the northern boundary of the North Coast AVA. Dos Rios is about 150 miles north of San Francisco and 25 miles east of the Pacific Ocean. The distinguishing factors of the Dos Rios area include significant wind patterns, a transitional climate, elevations between 800 feet and 2000 feet, sloping terrains with 30 percent to 75 percent inclines, relatively infertile soils, and close proximity to two rivers. The petitioner states the area has six acres of planted commercial vineyards and the potential for more viticultural growth. A notice of proposed rulemaking is in review. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/00/05 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 5000, Room 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov RIN: 1513-AA95 _______________________________________________________________________ Department of the Treasury (TREAS) Final Rule Stage Alcohol and Tobacco Tax and Trade Bureau (TTB) _______________________________________________________________________ ALCOHOL ____________________________________________________ 2379. PETITION TO ESTABLISH ``ALEXANDRIA LAKES'' AS A NEW AMERICAN VITICULTURAL AREA Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: TTB proposes to establish ``Alexandria Lakes'' as a new American viticultural area. The proposed area is located in Douglas County, Minnesota. This proposal is a result of a petition filed by Robert G. Johnson on behalf of Carlos Creek Winery. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/23/03 68 FR 3199 NPRM Comment Period End 03/24/03 Final Action 08/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC85 Agency Contact: Lisa M. Gesser, TTB Specialist, 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.treas.gov RIN: 1513-AA45 _______________________________________________________________________ 2380. [bull] 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 ________________________________________________________________________ Interim Final Rule 05/00/05 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 [[Page 27374]] _______________________________________________________________________ Administrative/Procedures ____________________________________________________ 2381. 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 Action 08/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Lisa M. Gesser, TTB Specialist, 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.treas.gov RIN: 1513-AA80 _______________________________________________________________________ 2382. [bull] ADMINISTRATIVE CHANGES TO THE PUBLICATION OF THE TTB BULLETIN Priority: Info./Admin./Other Legal Authority: 26 USC 301; 26 USC 7805 CFR Citation: 27 CFR 70.701(d) Legal Deadline: None Abstract: TTB is 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 ________________________________________________________________________ Interim Final Rule 06/00/05 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 RIN: 1513-AB06 _______________________________________________________________________ TOBACCO PRODUCTS ____________________________________________________ 2383. 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. Major status under 5 USC 801 is undetermined. Legal Authority: 26 USC 5703 to 5705; 26 USC 5723; 26 USC 5741; 26 USC 5751; 26 USC 5762; 26 USC 5763; 26 USC 6313; 26 USC 7212; 26 USC 7342; 26 USC 7606; 26 USC 7805; 44 USC 3504(h) CFR Citation: 27 CFR 45.31 Legal Deadline: None Abstract: The Department of the Treasury and the Alcohol and Tobacco Tax and Trade Bureau propose to amend the regulations relating to the removal of tobacco products and cigarette papers and tubes, without payment of tax, for use by the United States in law enforcement activities. Specifically, we propose to allow manufacturers of tobacco products and cigarette papers and tubes to remove these articles without payment of tax for use by Federal agencies in their law enforcement activities, and to exempt packages of those removed products from the tax-exempt labeling requirement. We take this action to timely meet the needs of Federal law enforcement operations, particularly investigations involving tobacco diversion and cigarette smuggling. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 07/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Linda Chapman, TTB Specialist, 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: linda.chapman@ttb.gov RIN: 1513-AA99 _______________________________________________________________________ 2384. 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: Other, Statutory, January 1, 2000, Interim Final Rule. 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 Interim Final Rule 12/22/99 64 FR 71947 Interim Final Rule Effective 01/01/00 [[Page 27375]] Interim Final Rule Comment Period End 05/03/00 65 FR 17477 Final Action 09/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC07 Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8181 Fax: 202 927-8525 Email: wade-chapman.linda@ttb.gov RIN: 1513-AA10 _______________________________________________________________________ 2385. LIQUOR DEALERS; RECODIFICATION OF REGULATIONS Priority: Info./Admin./Other Legal Authority: 26 USC 7805 CFR Citation: 27 CFR 31; 27 CFR 194; . . . Legal Deadline: None Abstract: TTB is recodifying the regulations pertaining to liquor dealers. The purpose of this recodification is to reissue the regulations in part 194 of title 27 of the Code of Federal Regulations (CFR) as 27 CFR part 31. This change improves the organization of title 27 CFR. In addition, due to the reorganization of ATF into two separate bureaus, we are making nomenclature changes to this part. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Final Action 09/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC45 Agency Contact: Karl Joedicke, TTB Specialist, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Suite 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-7460 Fax: 202 927-8525 Email: karl.joedicke@ttb.gov RIN: 1513-AA19 _______________________________________________________________________ 2386. 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 Action 09/00/05 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 _______________________________________________________________________ 2387. PROPOSED RED HILL DOUGLAS COUNTY, OREGON AMERICAN VITICULTURAL AREA Priority: Substantive, Nonsignificant Legal Authority: 26 USC 205(e) CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: TTB is reopening the comment period for the notice of proposed rulemaking (NPRM) titled Petition for the Establishment of Red Hill as an American Viticultural Area. TTB is soliciting comments on a new proposed name for this viticultural area, ``Red Hill Douglas County, Oregon.'' Public comments are requested by March 4, 2005. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 10/30/02 67 FR 66079 NPRM Comment Period End 12/30/02 Comment Period Reopened 01/16/03 68 FR 2262 Reopened Comment Period End 03/17/03 Comment Period Reopened 04/24/03 68 FR 20090 Reopened Comment Period End 05/27/04 Comment Period Reopened 02/02/05 70 FR 5398 Reopened Comment Period End 03/04/05 Final Action 06/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC76 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-AA39 _______________________________________________________________________ 2388. PETITION TO ESTABLISH ``EOLA HILLS'' AS A NEW AMERICAN VITICULTURAL AREA Priority: Substantive, Nonsignificant 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 Action 09/00/05 [[Page 27376]] Regulatory Flexibility Analysis Required: No Small Entities Affected: No 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 _______________________________________________________________________ 2389. 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. Comments were due March 27, 2003. 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 Action 12/00/05 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, 1310 G Street NW., Suite 200E, Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: marjorie.ruhf@ttb.gov RIN: 1513-AA46 _______________________________________________________________________ 2390. PETITION TO ESTABLISH ``CHEHALEM MOUNTAINS'' AS A NEW AMERICAN VITICULTURAL AREA Priority: Substantive, Nonsignificant 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 Action 06/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AD02 Agency Contact: Nancy Sutton, AVA Program Manager, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 5000, Room 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov RIN: 1513-AA57 _______________________________________________________________________ 2391. PETITION TO ESTABLISH ``RIBBON RIDGE'' AS A NEW AMERICAN VITICULTURAL AREA Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: TTB has received a petition proposing the establishment of the ``Ribbon Ridge'' viticultural area located in the northern part of Yamhill County, Oregon between Newberg and Gaston. A draft final rule is being reviewed. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 11/03/03 68 FR 62259 NPRM Comment Period End 01/02/04 Final Action 06/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AD03 Agency Contact: Nancy Sutton, AVA Program Manager, Department of the Treasury, Alcohol and Tobacco Tax and Trade Bureau, Room 5000, Room 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov RIN: 1513-AA58 _______________________________________________________________________ 2392. 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 Action 01/00/06 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: Charles N. Bacon, Program Manager, Department of the [[Page 27377]] Treasury, Alcohol and Tobacco Tax and Trade Bureau, P.O. Box 5056, Beverly Farms, MA 01915 Phone: 978 921-1840 Fax: 978 921-1840 Email: charles.bacon@ttb.gov RIN: 1513-AA60 _______________________________________________________________________ 2393. PETITION NO. 2 TO EXPAND THE RUSSIAN RIVER VALLEY VITICULTURAL AREA Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: The proposed Russian River Valley viticultural area expansion increases the original boundaries by 30,200 acres to the east and south sides. Public comments are requested by April 1, 2005. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/31/05 70 FR 4797 NPRM Comment Period End 04/01/05 Final Action 10/00/05 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 5000, Room 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov Related RIN: Related to 1513-AA68 RIN: 1513-AA67 _______________________________________________________________________ 2394. PROPOSED AMENDED BOUNDARIES FOR THE SANTA LUCIA HIGHLANDS AND THE ARROYO SECO VITICULTURAL AREA Priority: Substantive, Nonsignificant 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. Public comments are requested by March 25, 2005. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/24/05 70 FR 3333 NPRM Comment Period End 03/25/05 Final Action 10/00/05 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 5000, Room 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov RIN: 1513-AA72 _______________________________________________________________________ 2395. PETITION TO ESTABLISH ``TEXOMA'' AS A VITICULTURAL AREA Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: We have received a petition for the establishment of a viticultural area in north central Texas to be called ``Texoma.'' Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 11/30/04 69 FR 69557 NPRM Comment Period End 01/31/05 Final Action 09/00/05 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-AA77 _______________________________________________________________________ 2396. PETITION TO ESTABLISH THE ``HIGH VALLEY'' VITICULTURAL AREA Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: TTB has received a petition to establish the ``High Valley'' viticultural area, which is located about 85 miles north of San Francisco, California, on the eastern shore of Clear Lake. Public comments are requested by March 25, 2005. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/24/05 70 FR 3328 NPRM Comment Period End 03/25/05 Final Action 10/00/05 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-AA79 _______________________________________________________________________ 2397. PROPOSED ESTABLISHMENT OF COVELO VITICULTURAL AREA Priority: Substantive, Nonsignificant 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 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 [[Page 27378]] orientations, commonly found in Mendocino County. Also, it has a short grape-growing season when compared to other Mendocino County viticultural areas. Public comments are requested by April 4, 2005. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 02/02/05 70 FR 5393 NPRM Comment Period End 04/04/05 Final Action 12/00/05 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 5000, Room 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov RIN: 1513-AA90 _______________________________________________________________________ 2398. PROPOSED ESTABLISHMENT OF HORSE HEAVEN HILLS Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: Paul D. Lucas is proposing the establishment of the 570,000- acre Horse Heaven Hills viticultural area. It is in the southern central part of Washington, east of the Cascade Mountain Range and north and west of the Columbia River, and is entirely within the Columbia Valley viticultural area. The Horse Heaven Hills area is noted for its series of south facing slopes and significant wind patterns. Public comments are requested by March 25, 2005. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/24/05 70 FR 3322 NPRM Comment Period End 03/25/05 Final Action 10/00/05 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 5000, Room 200E, 1310 G Street NW., Washington, DC 20220 Phone: 202 927-8210 Fax: 202 927-8525 Email: nancy.sutton@ttb.gov RIN: 1513-AA91 _______________________________________________________________________ 2399. 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 Action 09/00/05 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 _______________________________________________________________________ 2400. NIAGARA ESCARPMENT VITICULTURAL AREA Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: TTB has received a petition proposing ``Niagara Escarpment'' as a new American viticultural area in New York. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 02/09/05 70 FR 6792 NPRM Comment Period End 04/11/05 Final Action 12/00/05 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-AA97 _______________________________________________________________________ 2401. [bull] SUSPENSION OF SPECIAL (OCCUPATIONAL) TAX Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. 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 three-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 ________________________________________________________________________ Final Action 05/00/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Steven C. Simon, TTB 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: steven.simon@ttb.gov RIN: 1513-AB04 [[Page 27379]] _______________________________________________________________________ Department of the Treasury (TREAS) Long-Term Actions Alcohol and Tobacco Tax and Trade Bureau (TTB) _______________________________________________________________________ 2402. 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 _______________________________________________________________________ 2403. 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 _______________________________________________________________________ 2404. 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 _______________________________________________________________________ 2405. 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 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM To Be Determined Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: None Agency Contact: Linda Wade-Chapman Phone: 202 927-8181 Fax: 202 927-8525 Email: wade-chapman.linda@ttb.gov RIN: 1513-AA14 _______________________________________________________________________ Department of the Treasury (TREAS) Completed Actions Alcohol and Tobacco Tax and Trade Bureau (TTB) _______________________________________________________________________ 2406. FLAVORED MALT BEVERAGES AND RELATED PROPOSALS Priority: Substantive, Nonsignificant CFR Citation: 27 CFR 7; 27 CFR 25 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action 01/03/05 70 FR 194 Final Action Effective 01/03/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: None Agency Contact: Charles N. Bacon Phone: 978 921-1840 Fax: 978 921-1840 Email: charles.bacon@ttb.gov RIN: 1513-AA12 _______________________________________________________________________ 2407. PRODUCTION OF DRIED FRUIT AND HONEY WINES Priority: Substantive, Nonsignificant CFR Citation: 27 CFR 24 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action 01/18/05 70 FR 2799 Final Action Effective 03/21/05 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-AA21 _______________________________________________________________________ 2408. PETITION TO ESTABLISH THE ``TRINITY LAKES'' VITICULTURAL AREA Priority: Substantive, Nonsignificant CFR Citation: 27 CFR 9 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action 02/28/05 70 FR 9528 Final Action Effective 04/29/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Rita Butler Phone: 202 927-8210 Fax: 202 927-8525 Email: rita.butler@ttb.gov RIN: 1513-AA29 [[Page 27380]] _______________________________________________________________________ 2409. PETITION TO ESTABLISH ``DUNDEE HILLS'' AS A NEW AMERICAN VITICULTURAL AREA Priority: Substantive, Nonsignificant CFR Citation: 27 CFR 9 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action 11/30/04 69 FR 69524 Final Action Effective 01/31/05 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-AA50 _______________________________________________________________________ 2410. PETITION TO ESTABLISH ``YAMHILL-CARLTON DISTRICT'' AS A NEW AMERICAN VITICULTURAL AREA Priority: Substantive, Nonsignificant CFR Citation: 27 CFR 9 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action 12/09/04 69 FR 71372 Final Action Effective 02/07/05 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-AA59 _______________________________________________________________________ 2411. PETITION TO ESTABLISH ``MCMINNVILLE'' AS AN AMERICAN VITICULTURAL AREA IN OREGON Priority: Substantive, Nonsignificant CFR Citation: 27 CFR 9 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action 01/18/05 70 FR 2801 Final Action Effective 03/21/05 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-AA63 _______________________________________________________________________ 2412. PETITION TO ESTABLISH ``GRAND LAKE O' THE CHEROKEES'' AS A NEW AMERICAN VITICULTURAL AREA Priority: Substantive, Nonsignificant CFR Citation: 27 CFR 9 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Withdrawn 03/04/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Rita Butler Phone: 202 927-8210 Fax: 202 927-8525 Email: rita.butler@ttb.treas.gov RIN: 1513-AA66 _______________________________________________________________________ 2413. PETITION TO ESTABLISH ``SOUTHERN OREGON'' AS A VITICULTURAL AREA Priority: Substantive, Nonsignificant CFR Citation: 27 CFR 9 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action 12/08/04 69 FR 70889 Final Action Effective 02/07/05 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: Previously reported as 1512-AC81 RIN: 1513-AA75 BILLING CODE 4810--25--S _______________________________________________________________________ Department of the Treasury (TREAS) Prerule Stage Comptroller of the Currency (OCC) _______________________________________________________________________ 2414. [bull] RISK-BASED CAPITAL GUIDELINES; CAPITAL ADEQUACY GUIDELINES; CAPITAL MAINTENANCE: DOMESTIC CAPITAL MODIFICATIONS Priority: Other Significant Legal Authority: Not Yet Determined CFR Citation: 12 CFR 3 Legal Deadline: None Abstract: As part of OCC's ongoing efforts to develop and refine the capital standards to ensure the safety and soundness of the national banking system and to implement statutory requirements, 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 07/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No 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 [[Page 27381]] _______________________________________________________________________ Department of the Treasury (TREAS) Proposed Rule Stage Comptroller of the Currency (OCC) _______________________________________________________________________ 2415. RULES, POLICIES, AND PROCEDURES FOR CORPORATE ACTIVITIES; LICENSING PROCEDURES Priority: Substantive, Nonsignificant Legal Authority: 12 USC 1 et seq; 12 USC 93a CFR Citation: 12 CFR 4; 12 CFR 5; 12 CFR 19; 12 CFR 37 Legal Deadline: None Abstract: This rulemaking would update certain provisions and make technical changes to OCC rules governing corporate activities in 12 CFR part 5. The rulemaking also would make technical changes to certain provisions in 12 CFR part 4 to reflect organizational restructuring and to 12 CFR part 9 to reflect changes in regulations adopted by the Securities and Exchange Commission (SEC). Additionally, the rulemaking would amend subpart O of 12 CFR part 19 to combine current 12 CFR 19.240 and 19.241 into one section, and would make a technical correction to the regulation governing debt cancellation contracts (DCCs) and debt suspension agreements (DSAs) in 12 CFR part 37. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/05 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 _______________________________________________________________________ 2416. 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 06/00/05 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 _______________________________________________________________________ 2417. 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 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 06/00/05 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 Related RIN: Split from 1557-AB14 RIN: 1557-AC91 _______________________________________________________________________ 2418. [bull] ONE-YEAR PROHIBITION FOR EXAMINERS Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 12 USC 1820 [[Page 27382]] CFR Citation: Not Yet Determined Legal Deadline: None Abstract: Section 6303(b) of the Intelligence Reform and Terrorism Prevention Act of 2004 (Intelligence Reform Act) imposes a one-year post-employment restriction on senior examiners of national banks. Under section 6303(b), a ``senior examiner'' for OCC is barred, for a period of one year after leaving OCC, from accepting compensation from the national bank he or she supervised, from its bank holding company, and from certain other related companies. If an examiner violates the one-year restriction, he or she may be subject to an order of removal and prohibition from the relevant bank and all depository institutions for a period of up to five years. In addition, the examiner may be subject to civil money penalties of up to $250,000. This proposed rule, which would add a new part to chapter I of 12 CFR, implements section 6303(b) of the Intelligence Reform Act for OCC employees who serve as examiners of national banks. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/05 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: Undetermined Federalism: Undetermined Agency Contact: Mitchell Plave, 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: mitchell.plave@occ.treas.gov RIN: 1557-AC94 _______________________________________________________________________ Department of the Treasury (TREAS) Final Rule Stage Comptroller of the Currency (OCC) _______________________________________________________________________ 2419. COMMUNITY REINVESTMENT ACT REGULATION (12 CFR 25) Priority: Other Significant Legal Authority: 12 USC 21; 12 USC 22; 12 USC 26; 12 USC 27; 12 USC 30; 12 USC 36; 12 USC 93a; 12 USC 161; 12 USC 215; 12 USC 215a; 12 USC 481; 12 USC 1814; 12 USC 1816; 12 USC 1828(c); 12 USC 1835a; 12 USC 2901 to 2907; 12 USC 3101 to 3111 CFR Citation: 12 CFR 25 Legal Deadline: None Abstract: OCC, together with the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation, proposed revising certain provisions of its rules implementing the Community Reinvestment Act (CRA). This rulemaking would address the regulatory burden imposed on smaller banks by revising the eligibility requirements for CRA evaluation under the lending, investment, and service tests. The rulemaking would add a new community development test for banks with at least $250 million and less than $1 billion in assets. This rulemaking would also revise the definition of the term ``community development'' to include affordable housing and revitalization and stabilization in underserved rural areas and designated disaster areas and revise the regulation to address the impact on a bank's CRA rating of evidence of discrimination or other illegal credit practices. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ ANPRM 07/19/01 66 FR 37602 ANPRM Comment Period End 10/17/01 NPRM 02/06/04 69 FR 5729 NPRM Comment Period End 04/06/04 NPRM 03/11/05 70 FR 12148 NPRM Comment Period End 05/10/05 Final Action 10/00/05 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-AB98 _______________________________________________________________________ 2420. ELECTRONIC FILING AND DISCLOSURE OF BENEFICIAL OWNERSHIP REPORTS Priority: Substantive, Nonsignificant Legal Authority: 12 USC 93a; 15 USC 78l; 15 USC 78p CFR Citation: 12 CFR 11 Legal Deadline: None Abstract: The Sarbanes-Oxley Act of 2002 made amendments to section 16(a) of the Securities Exchange Act of 1934, which requires the filing of beneficial ownership reports by officers, directors, and principal shareholders of issuers of securities. OCC administers and enforces section 16(a) with respect to officers, directors, and principal shareholders of national banks. Effective July 30, 2003, the amendments required that beneficial ownership reports be filed electronically and posted on the issuer's corporate Web site if it has a Web site. The rulemaking would require that beneficial ownership reports filed by officers, directors, and principal shareholders of national banks be filed electronically pursuant to the FDICconnect system and that the reports be placed on the Web site of national banks that have Web sites. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 09/22/03 68 FR 54981 Interim Final Rule Effective 09/22/03 68 FR 54891 Interim Final Rule Comment Period End 11/30/03 68 FR 54981 Final Action 06/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Martha Vestal Clarke, 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 [[Page 27383]] Email: martha.clarke@occ.treas.gov RIN: 1557-AC75 _______________________________________________________________________ 2421. FAIR CREDIT REPORTING: USE OF MEDICAL INFORMATION 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 CFR Citation: 12 CFR 41 Legal Deadline: None Abstract: OCC is implementing section 411 of the Fair and Accurate Credit Transactions Act of 2003 (FACT Act). Section 411(a) requires OCC to prescribe regulations that permit creditors to obtain or use medical information for certain credit eligibility purposes. Additionally, section 411(b) restricts the sharing of medical information and related lists or descriptions with affiliates. Finally, section 411(b) authorizes OCC to issue rules to allow additional sharing of information determined by OCC to be necessary and appropriate. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/28/04 69 FR 23380 Final Action 08/00/05 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-AC85 _______________________________________________________________________ 2422. 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 CFR Citation: 12 CFR 41 Legal Deadline: Other, Statutory, August 6, 2004, See section 214 of the FACT Act, PL 108-159. Abstract: OCC, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of the Thrift Supervision (the Federal Banking Agencies), the National Credit Union Administration, and the Federal Trade Commission are planning 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 regulations 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 09/00/05 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 _______________________________________________________________________ 2423. SECURITIES BORROWING TRANSACTIONS Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Legal Authority: 12 USC 93a; 12 USC 161; 12 USC 1828 note; 12 USC 1828(n); 12 USC 1831n note; 12 USC 1835; 12 USC 3907; 12 USC 3909 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. The change involves changes to securities borrowing transactions. The interim final rule adopted changes to the capital treatment of securities borrowing transactions, specifically by amending the market risk rules on the capital treatment for cash collateral. OCC is conducting this rulemaking jointly with the other Federal Banking Agencies. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 12/05/00 65 FR 75856 Final Action 12/00/05 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 Related RIN: Split from 1557-AB14 RIN: 1557-AC90 [[Page 27384]] _______________________________________________________________________ Department of the Treasury (TREAS) Long-Term Actions Comptroller of the Currency (OCC) _______________________________________________________________________ 2424. 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: Martha Vestal Clarke Phone: 202 874-5090 Fax: 202 874-4889 Email: martha.clarke@occ.treas.gov RIN: 1557-AB93 _______________________________________________________________________ 2425. 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 _______________________________________________________________________ 2426. ACCURACY AND INTEGRITY OF INFORMATION FURNISHED TO A CONSUMER REPORTING AGENCY 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: Businesses 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-AC89 _______________________________________________________________________ Department of the Treasury (TREAS) Completed Actions Comptroller of the Currency (OCC) _______________________________________________________________________ 2427. RULES, POLICIES, AND PROCEDURES FOR CORPORATE ACTIVITIES; OPERATING SUBSIDIARY ANNUAL REPORT Priority: Substantive, Nonsignificant CFR Citation: 12 CFR 5.34 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action 11/05/04 69 FR 64478 Regulatory Flexibility Analysis Required: 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-AC81 _______________________________________________________________________ 2428. RULES, POLICIES, AND PROCEDURES FOR CORPORATE ACTIVITIES; CIVIL MONETARY PENALTIES ADJUSTMENT Priority: Substantive, Nonsignificant CFR Citation: 12 CFR 19.240; 12 CFR 19.241 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action 11/10/04 69 FR 65067 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-AC82 _______________________________________________________________________ 2429. PROPER DISPOSAL OF CONSUMER INFORMATION Priority: Other Significant CFR Citation: 12 CFR 30 app B; 12 CFR 41 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action 12/28/04 69 FR 77610 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Deborah Katz Phone: 202 874-5090 Fax: 202 874-4889 Email: deborah.katz@occ.treas.gov RIN: 1557-AC84 _______________________________________________________________________ 2430. COMMUNITY REINVESTMENT ACT REGULATIONS Priority: Substantive, Nonsignificant CFR Citation: 12 CFR 25 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action 03/28/05 70 FR 15570 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-AC86 _______________________________________________________________________ 2431. INTERAGENCY GUIDANCE ON RESPONSE PROGRAMS FOR UNAUTHORIZED ACCESS TO CUSTOMER INFORMATION AND CUSTOMER NOTICE Priority: Substantive, Nonsignificant CFR Citation: 12 CFR 30, app B Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Interpretive Guidance 03/29/05 70 FR 15736 [[Page 27385]] Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Deborah Katz Phone: 202 874-5090 Fax: 202 874-4889 Email: deborah.katz@occ.treas.gov RIN: 1557-AC92 _______________________________________________________________________ 2432. [bull] GUIDELINES FOR RESIDENTIAL MORTGAGE LENDING PRACTICES Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Legal Authority: 12 USC 93a; 12 USC 371; 12 USC 1818; 12 USC 1831p; 12 USC 3102(b); 15 USC 1681s; 15 USC 1681w; 15 USC 6801; 15 USC 6805(b)(1) CFR Citation: 12 CFR 30 Legal Deadline: None Abstract: OCC issued guidelines concerning the residential mortgage lending practices of national banks and their operating subsidiaries as a further step to protect against national bank involvement in predatory, abusive, unfair, or deceptive residential mortgage lending practices. They identify practices that are consistent with sound residential mortgage lending practices and describe terms and practices that may lead to predatory, abusive, unfair, or deceptive lending practices. The Guidelines address steps banks should take to mitigate risks associated with their purchase of residential mortgage loans and use of mortgage brokers to originate loans. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Final Action 02/07/05 70 FR 6329 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Michele Meyer, 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: michele.meyer@occ.treas.gov RIN: 1557-AC93 BILLING CODE 4810--33--S _______________________________________________________________________ Department of the Treasury (TREAS) Proposed Rule Stage Internal Revenue Service (IRS) _______________________________________________________________________ 2433. FOREIGN INSURANCE COMPANIES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 842; 26 USC 864 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will prescribe rules for determining income from stocks effectively connected under the asset use test with the conduct of an insurance business in the United States by a foreign company. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-209066-88 (INTL-024-88) Drafting attorney: Sheila Ramaswamy (202) 622-3870 Reviewing attorney: Steven Jensen (202) 622-3870 Treasury attorney: Michael Caballero (202) 622-0851 CC:INTL Agency Contact: Sheila Ramaswamy, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3870 RIN: 1545-AL82 _______________________________________________________________________ 2434. 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 Second NPRM 12/00/05 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 _______________________________________________________________________ 2435. 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 [[Page 27386]] 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 06/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-209006-89 (INTL-089-89) Drafting attorney: Richard L. Osborne (202) 622-3860 Reviewing attorney: Charles P. Besecky (202) 622-3860 CC:INTL Agency Contact: Richard L. Osborne, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3860 RIN: 1545-AM97 _______________________________________________________________________ 2436. FOREIGN INSURANCE COMPANY--DOMESTIC ELECTION Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 953 CFR Citation: 26 CFR 1 Legal Deadline: None 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 12/00/05 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 _______________________________________________________________________ 2437. 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 12/00/05 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 _______________________________________________________________________ 2438. 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 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-208265-90 (INTL-102-90) Drafting attorney: Garrett D. Gregory (202) 622-3870 Reviewing attorney: Paul S. Epstein (202) 622-3870 Treasury attorney: Andrew Froberg (202) 622-1779 CC:INTL Agency Contact: Garrett D. Gregory, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3870 RIN: 1545-AP10 _______________________________________________________________________ 2439. GUIDANCE IN NOTICE 89-37, WHICH TREATS THE RECEIPT OF A CORPORATE PARTNER'S STOCK BY THE CORPORATE PARTNER AS A CIRCUMVENTION OF GENERAL UTILITIES REPEAL Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805; 26 USC 337 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulations will implement the guidance provided in Notice 89-37, 1989-1 C.B. 679, concerning the treatment of certain [[Page 27387]] partnership transactions involving the stock of a corporate partner. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/15/92 57 FR 59324 NPRM Comment Period End 01/20/93 NPRM 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-208989-90 (CO-91-90) Drafting attorney: Tara P. Volungis (202) 622-3080 Reviewing attorney: Christine Ellison (202) 622-3070 CC:PS&I 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 RIN: 1545-AP52 _______________________________________________________________________ 2440. INTEGRATED FINANCIAL TRANSACTION Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 864 CFR Citation: 26 CFR 1 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 12/00/05 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 _______________________________________________________________________ 2441. 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 12/00/05 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 _______________________________________________________________________ 2442. 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 regulations are currently out of date because the authorizing legislation was subsequently repealed. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-105513-97 Drafting attorney: Edwin B. Cleverdon (202) 622-7900 Reviewing attorney: Robert A. Berkovsky (202) 622-4920 CC:ITA Agency Contact: Edwin B. Cleverdon, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7900 RIN: 1545-AV55 _______________________________________________________________________ 2443. TRANSPORTATION OF PERSONS AND PROPERTY BY AIR Priority: Substantive, Nonsignificant Legal Authority: 26 USC 4261; 26 USC 4271; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The proposed regulations provide guidance concerning the excise taxes imposed on the amounts paid for the transportation of persons and property by air. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No [[Page 27388]] Government Levels Affected: None Additional Information: REG-106167-98 Drafting attorney: Taylor Cortright (202) 622-3130 Reviewing attorneys: Frank K. Boland (202) 622-3130 and Lew 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-AW19 _______________________________________________________________________ 2444. 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 12/00/05 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 _______________________________________________________________________ 2445. DEFINITION OF ACCOUNTING METHOD Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805; 26 USC 446 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulation will clarify the definition of a change in the method of accounting. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-105228-99 Drafting attorney: Grant D. Anderson (202) 622-4930 Reviewing attorney: Jeffrey G. Mitchell (202) 622-4930 Treasury attorney: Sharon Kay (202) 622-0865 CC:ITA Agency Contact: Grant D. Anderson, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4930 RIN: 1545-AX21 _______________________________________________________________________ 2446. 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. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/05 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 _______________________________________________________________________ 2447. 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 12/00/05 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 [[Page 27389]] _______________________________________________________________________ 2448. HIGHLY COMPENSATED EMPLOYEE Priority: Substantive, Nonsignificant Legal Authority: 26 USC 414 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulations will provide the definition of highly compensated employee. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-111277-99 Drafting attorney: R. Lisa Mojiri-Azad (202) 622-6080 Reviewing attorney: Marjorie Hoffman (202) 622-6030 CC:TEGE Agency Contact: R. Lisa Mojiri-Azad, Senior Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-6080 RIN: 1545-AX48 _______________________________________________________________________ 2449. MODIFICATION TO SECTION 367(A) STOCK TRANSFER REGULATIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 367 CFR Citation: 26 CFR 1; 26 CFR 602 Legal Deadline: None Abstract: This regulation will modify section 367(a), stock transfer regulations, to address abuses under check-the-box and through the use of convertible stock. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-116053-99 Drafting attorney: Robert W. Lorence (202) 622-3860 Reviewing attorney: Charles Besecky (202) 622-3860 Treasury attorney: Michael Caballero (202) 622-0851 CC:INTL Agency Contact: Robert W. Lorence, Senior Counsel, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3860 RIN: 1545-AX77 _______________________________________________________________________ 2450. 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 12/00/05 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 Treasury attorney: Carl Dubert (202) 622-0222 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 _______________________________________________________________________ 2451. 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 12/00/05 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 _______________________________________________________________________ 2452. 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 on changes to the law for corporate estimated taxes. [[Page 27390]] Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/05 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 _______________________________________________________________________ 2453. WITHHOLDING TAX ON FOREIGN PARTNERS' SHARE OF EFFECTIVELY CONNECTED INCOME 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 proposed and temporary regulations address the circumstances under which a partnership may reduce its withholding tax due based upon certifications of losses by foreign partners. The temporary 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 09/03/03 68 FR 52466 Second NPRM 07/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: Undetermined Additional Information: REG-108524-00 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-BD80 RIN: 1545-AY28 _______________________________________________________________________ 2454. 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 CFCs and FPHCs. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/05 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 _______________________________________________________________________ 2455. 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 12/00/05 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 _______________________________________________________________________ 2456. 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 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Federalism: Undetermined Additional Information: REG-106877-00 [[Page 27391]] Drafting attorney: Thomas D. Beem (202) 622-3860 Reviewing attorney: Charles P. Besecky (202) 622-3860 Treasury attorney: David Ernick (202) 622-1754 CC:INTL Agency Contact: Thomas D. Beem, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3860 RIN: 1545-AY41 _______________________________________________________________________ 2457. 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 12/00/05 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 _______________________________________________________________________ 2458. LIABILITIES ASSUMED IN CERTAIN CORPORATE TRANSACTIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 357 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 06/00/05 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 _______________________________________________________________________ 2459. DISCLOSURE OF RETURNS AND RETURN INFORMATION IN JUDICIAL AND ADMINISTRATIVE TAX PROCEEDINGS Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 6103 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 06/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-120297-01 Drafting attorney: Geoffrey M. Campbell (202) 622-4570 Reviewing attorney: Donald M. Squires (202) 622-4570 Treasury attorney: Michael Desmond (202) 622-1981 CC:PA:DPL Agency Contact: Geoffrey M. Campbell, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4570 RIN: 1545-AY89 _______________________________________________________________________ 2460. 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 12/00/05 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 [[Page 27392]] _______________________________________________________________________ 2461. 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 07/00/05 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 Treasury attorney: Audrey Nacamuli (202) 622-5721 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 Related RIN: Related to 1545-AW30 RIN: 1545-BA11 _______________________________________________________________________ 2462. 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 06/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses 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 _______________________________________________________________________ 2463. 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 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 05/00/05 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: Robert A. Miller (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 _______________________________________________________________________ 2464. INCOME FROM SOURCES WITHIN SPECIFIED POSSESSION Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 931; 26 USC 911 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will remove section 1.931-1 and references thereto in other sections. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-159068-01 Drafting attorney: Ethan A. Atticks (202) 622-3840 Reviewing attorney: Phyllis E. Marcus (202) 622-3840 Treasury attorney: Carl Dubert (202) 622-0222 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-BA37 _______________________________________________________________________ 2465. PROVISIONS REGARDING CROSS-BORDER TRANSACTIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 368(a) [[Page 27393]] CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This proposed regulation will make conforming changes to account for cross-border section 368(a)(1)(A) mergers. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-125628-01 Drafting attorney: Robert W. Lorence (202) 622-3860 Reviewing attorney: Charles Besecky (202) 622-3860 CC:INTL Agency Contact: Robert W. Lorence, Senior Counsel, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3860 RIN: 1545-BA65 _______________________________________________________________________ 2466. 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 NPRM 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-122380-02 Drafting attorney: Heather L. Dostaler (202) 622-4940 Reviewing attorney: Richard S. Goldstein (202) 622-7820 Treasury attorney: Stephanie Robinson (202) 622-9858 CC:PA:APJ Agency Contact: Heather L. Dostaler, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4940 RIN: 1545-BA72 _______________________________________________________________________ 2467. 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 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: None Additional Information: REG-131999-02 Reviewing 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 _______________________________________________________________________ 2468. 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 06/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-137243-02 Drafting attorney: Sanford Kelsey (202) 622-4940 Reviewing attorney: Ashton P. Trice (202) 622-4940 Treasury attorney: Michael Desmond (202) 622-1981 CC:PA:APJ Agency Contact: Sanford Kelsey, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4940 RIN: 1545-BA96 _______________________________________________________________________ 2469. 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 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-137076-02 Drafting attorney: Cynthia A. McGreevy (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: Cynthia A. McGreevy, Attorney-Advisor, Department of the [[Page 27394]] Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3130 RIN: 1545-BB04 _______________________________________________________________________ 2470. COST SHARING Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 482 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These proposed regulations will provide additional guidance on cost sharing arrangements under section 482. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Federalism: Undetermined Additional Information: REG-144615-02 Drafting attorney: Jeffrey Parry (202) 622-3800 Reviewing attorney: Elizabeth G. Beck (202) 435-5265 Treasury attorney: David Ernick (202) 622-1754 CC:INTL Agency Contact: Elizabeth G. Beck, Branch Chief, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 435-5265 RIN: 1545-BB26 _______________________________________________________________________ 2471. 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, 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 12/00/05 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 _______________________________________________________________________ 2472. 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 12/00/05 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: Harold Burghart (202) 622-3040 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 _______________________________________________________________________ 2473. 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 12/00/05 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 _______________________________________________________________________ 2474. 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 member of the group. The regulations will [[Page 27395]] prevent rules relating to certain adjustments to the basis of subsidiary member stock from having the effect of offsetting certain income and gain upon a disposition of the stock by the consolidated group. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/05 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 _______________________________________________________________________ 2475. LIQUIDATION OF AN INTEREST Priority: Substantive, Nonsignificant Legal Authority: 26 USC 2704(b) 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 12/00/05 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 _______________________________________________________________________ 2476. 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) accelerate the recognition of income associated with a REMIC resident interest that is allocation to foreign person, including a foreign partner in a U.S. partnership. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/05 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: Undetermined Federalism: Undetermined Additional Information: REG-159929-02 Drafting attorney: Arturo Estrada (202) 622-3900 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 _______________________________________________________________________ 2477. 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 06/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-139059-02 Drafting attorney: Warren M. Joseph (202) 622-4920 Reviewing attorney: Robert Berkovsky (202) 622-4920 CC:ITA Agency Contact: Warren M. Joseph, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4920 RIN: 1545-BB86 _______________________________________________________________________ 2478. PARTNERSHIP EQUITY FOR SERVICES Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 721; 26 USC 83 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These proposed regulations will describe the tax treatment of partnership equity issued in connection with the performance of services. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-105346-03 Drafting attorneys: Demetri G. Yatrakis (202) 622-3060 Reviewing attorney: Audrey W. Ellis (202) 622-3060 Treasury attorney: Stephanie Robinson (202) 622-9858 CC:PSI Agency Contact: Demetri G. Yatrakis, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 [[Page 27396]] Phone: 202 622-3060 Audrey W. Ellis, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3060 RIN: 1545-BB92 _______________________________________________________________________ 2479. DETERMINATION OF SINGLE-SUM DISTRIBUTIONS FROM CASH BALANCE PLANS Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations will modify the rules for the determination of minimum single-sum distributions from cash balance pension plans. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: Organizations Government Levels Affected: None Additional Information: REG-168897-02 Drafting attorney: Linda S.F. Marshall (202) 622-6090 Reviewing attorney: Marjorie Hoffman (202) 622-6030 Treasury attorney: William Bortz (202) 622-1352 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-BB93 _______________________________________________________________________ 2480. MISCELLANEOUS CHANGES TO COLLECTION DUE PROCESS PROCEDURES RELATING TO NOTICE AND OPPORTUNITY FOR HEARING UPON FILING OF NOTICE OF LIEN Priority: Routine and Frequent Legal Authority: 26 USC 6320; 26 USC 6330 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 06/00/05 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: Alan Levine (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 _______________________________________________________________________ 2481. MISCELLANEOUS CHANGES TO COLLECTION DUE PROCESS PROCEDURES RELATING TO HEARINGS BEFORE LEVY Priority: Routine and Frequent Legal Authority: 26 USC 6330 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 06/00/05 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: Alan Levine (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 _______________________________________________________________________ 2482. 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 06/00/05 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: State Federalism: Undetermined Additional Information: REG-140379-02 Drafting attorney: Michael P. Brewer (202) 622-3980 CC:TEGE Agency Contact: Michael P. Brewer, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3980 RIN: 1545-BC07 _______________________________________________________________________ 2483. UTILITY ALLOWANCE REGULATION UPDATE Priority: Substantive, Nonsignificant Legal Authority: 26 USC 42 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will modify and update utility allowance regulations under section 1.142-10, which provides for an alternative method for computing utility allowances under section 1.142- 10(b)(4)(ii). Also, the regulation will [[Page 27397]] provide for annual updates of utility allowances. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/00/05 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: Harold Burghart (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 _______________________________________________________________________ 2484. GUIDANCE ON PFIC PURGING ELECTIONS Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Unfunded Mandates: Undetermined 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 12/00/05 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: Carl Dubert (202) 622-0222 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 _______________________________________________________________________ 2485. SUBSTITUTE FOR RETURN (SFR) AND AUTOMATED SUBSTITUTE FOR RETURN (ASFR) Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805; 26 USC 6020 CFR Citation: 26 CFR 301 Legal Deadline: None Abstract: The regulation serves as IRS' expression of intent that certain documents generated in the substitute for return (SFR) and Automated Substitute for Return (ASFR) processes constitute section 6020(b) returns for purposes of assessing the section 6651(a)(2) addition to tax. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/05 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: Undetermined Additional Information: REG-131739-03 Drafting attorney: Tracey B. Leibowitz (202) 622-4940 Reviewing attorney: Ashton Trice (202) 622-4940 Treasury attorney: Eric San Juan (202) 622-0224 CC:PA:APJ Agency Contact: Tracey B. Leibowitz, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4940 Related RIN: Related to 1545-BC46 RIN: 1545-BC45 _______________________________________________________________________ 2486. SUBSTITUTE FOR RETURN (SFR) AND AUTOMATED SUBSTITUTE FOR RETURN (ASFR) (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 6020 CFR Citation: 26 CFR 301 Legal Deadline: None Abstract: The temporary regulation serves as IRS' expression of intent that certain documents generated in the substitute for return (SFR) and Automated Substitute for Return (ASFR) process constitute section 6020(b) returns for purposes of assessing the section 6651(a)(2) addition to tax. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulation 12/00/05 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: Undetermined Additional Information: REG-131739-03 Drafting attorney: Tracey B. Leibowitz (202) 622-4940 Reviewing attorney: Ashton Trice (202) 622-4940 Treasury attorney: Eric San Juan (202) 622-0224 CC:PA:APJ Agency Contact: Tracey B. Leibowitz, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4940 Related RIN: Related to 1545-BC45 RIN: 1545-BC46 _______________________________________________________________________ 2487. 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 [[Page 27398]] 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 12/00/05 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 _______________________________________________________________________ 2488. 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 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-138603-03 Drafting attorney: Teresa B. Hughes (202) 622-3850 Reviewing attorney: Anne O. Devereaux (202) 622-3850 Treasury attorney: David Ernick (202) 622-1754 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-BC52 _______________________________________________________________________ 2489. 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 have an effective implementing agreement with the United States, in accordance with the Tax Reform Act of 1986, Public Law 99-514. The regulations will include regs for both the 1954 Code and the 1986 Code versions of section 7654. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/05 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Additional Information: REG-139900-03 Drafting attorney: Mae J. Lew (202) 435-5262 Reviewing attorney: Ricardo A. Cadenas (202) 435-5262 Treasury attorney: Carl Dubert (202) 622-1765 CC:INTL Agency Contact: Mae J. Lew, 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 _______________________________________________________________________ 2490. 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 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 Second NPRM 05/00/05 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: Robert A. Miller (202) 622-3600 [[Page 27399]] 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 _______________________________________________________________________ 2491. 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 06/00/05 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 _______________________________________________________________________ 2492. PARTNERSHIPS AND DEEMED DISPOSITIONS OF UNREALIZED RECEIVABLES AND INVENTORY ITEMS Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Legal Authority: 26 USC 751; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These modifications to regulations under section 751 are intended to simplify and clarify the application of section 751(b). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Undetermined Additional Information: REG-149610-03 Drafting attorneys: Charlotte Chyr (202) 622-3070 and Stacy Short (202) 622-3070 Reviewing attorney: Jeanne Sullivan (202) 622-3070 Treasury attorney: Stephanie Robinson (202) 622-9858 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-BC65 _______________________________________________________________________ 2493. 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 and will provide in part that the only two circumstances under which an agreement extending the collecting period may be executed are: (1) when the extension agreement is executed in connection with an Installment Agreement; and (2) when the extension agreement is executed prior to a levy being released pursuant to section 6343, when the release occurs after the expiration of the original 10-year statutory collection period. Also, the revised regulations will discuss the continued validity of extension agreements executed prior to January 1, 2000. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/05 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: Fredrick W. Schindler (202) 622-3600 Treasury attorney: Julian Kim (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 [[Page 27400]] _______________________________________________________________________ 2494. 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 related to the Federal income tax consequences of certain below-market loans. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None 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 _______________________________________________________________________ 2495. 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 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 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-159704-03 Drafting attorney: Elizabeth Van Osten (202) 622-8257 Treasury attorney: Harlan Weller (202) 622-1001 CC:TEGE Agency Contact: Elizabeth Van Osten, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-8257 RIN: 1545-BC82 _______________________________________________________________________ 2496. DEFINITION OF LOSS FOR PURPOSES OF THE STRADDLE RULES Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Legal Authority: 26 USC 7805; 26 USC 1092 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation expands the definition of the term ``loss'' for purposes of sections 1092 and 263(g) to include otherwise deductible payments or accruals determined with respect to changes in the capital value of offsetting positions in a straddle that lacks a capital investment. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-159869-03 Drafting attorney: Mary Brewer (202) 622-3950 Reviewing attorney: Christina Morrison (202) 622-3950 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-BC83 _______________________________________________________________________ 2497. DETERMINATION OF RESIDENCY IN U.S. POSSESSIONS Priority: Substantive, Nonsignificant Legal Authority: Not Yet Determined CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The section 937 proposed regulations provide rules for determining whether an individual is a bona fide resident of a U.S. possession, including America Samoa, Guam, the Northern Mariana Islands, Puerto Rico, and the Virgin Islands. The proposed regulations also provide rules for determining when income is considered to be from sources within a U.S. possession and whether income is effectively connected with the conduct of a trade or business within any U.S. possession. In addition, the proposed regulations contain additional conforming changes to regulations under related or effected sections of the Internal Revenue Code. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Federalism: Undetermined Additional Information: REG-159243-03 Drafting attorney: J. David Varley (202) 435-5265 Reviewing attorney: W. Edward Williams (202) 622-3830 Treasury attorney: Gretchen Sierra (202) 622-1755 CC:INTL Agency Contact: J. David Varley, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Ave., N.W., Washington, DC 20224 Phone: 202 435-5265 [[Page 27401]] W. Edward Williams, Special Counsel, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3830 RIN: 1545-BC86 _______________________________________________________________________ 2498. TRANSACTIONS INVOLVING THE TRANSFER OF NO NET EQUITY VALUE Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805; 26 USC 351 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations will provide guidance regarding the application of sections 332, 351, and 368 in certain transactions involving insolvent corporations. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/00/05 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Additional Information: REG-163314-03 Drafting attorney: Jean R. Brenner (202) 622-7790 Reviewing attorneys: Victor L. Penico and Lisa Fuller (202) 622-7750 Treasury attorney: Audrey Nacamuli (202) 622-5721 CC:COR Agency Contact: Jean R. Brenner, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7790 RIN: 1545-BC88 _______________________________________________________________________ 2499. SICKNESS OR ACCIDENT DISABILITY PAYMENTS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The proposed regulation provides guidance regarding the treatment of payments made on account of sickness or accident disability under a workers' compensation law for purposes of the Federal Insurance Contributions Act (FICA). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Local, State Additional Information: REG-160315-03 Drafting attorney: David R. Ford (202) 622-6040 Reviewing attorney: Marie Cashman (202) 622-6040 Treasury attorney: Kevin Knopf (202) 622-2329 CC:TEGE Agency Contact: David R. Ford, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-6040 RIN: 1545-BC89 _______________________________________________________________________ 2500. 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 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 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-148864-03 Drafting attorney: Joseph E. Conley (202) 622-4580 CC:PA:DPL Agency Contact: Joseph E. Conley, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4580 RIN: 1545-BC93 _______________________________________________________________________ 2501. 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 06/00/05 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 Treasury attorney: Audrey Nacamuli (202) 622-5721 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 _______________________________________________________________________ 2502. 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 [[Page 27402]] 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 12/00/05 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 _______________________________________________________________________ 2503. ATTAINED AGE OF THE INSURED 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 regulations define the age of the insured to be used by the insurance companies for the cash value corridor and maturity date assumption required to determine if a contract insuring more than one life qualifies as a life insurance contract for Federal income tax purposes. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-168892-03 Drafting attorney: Ann H. Logan (202) 622-3970 Reviewing attorney: Donald Drees (202) 622-3970 CC:FI Agency Contact: Ann H. Logan, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3970 RIN: 1545-BD00 _______________________________________________________________________ 2504. SUPPORT TEST IN THE CASE OF A CHILD OF DIVORCED PARENTS Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 152 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These proposed regulations will update section 1.152-4. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/00/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: REG-149856-03 Drafting attorney: Victoria J. Driscoll (202) 622-4920 Reviewing attorney: Robert A. Berkovsky (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 _______________________________________________________________________ 2505. TREATMENT OF FOREIGN STAPLED CORPORATION (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 269B CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This project will provide regulatory guidance to implement Notice 2003-50. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulation 12/00/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: REG-101282-04 Drafting attorney: Richard L. Osborne (202) 622-3860 Reviewing attorney: Robert W. Lorence (202) 622-3860 Treasury attorney: Michael Cabellero (202) 622-0851 CC:INTL Agency Contact: Richard L. Osborne, 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-BD05 RIN: 1545-BD06 _______________________________________________________________________ 2506. 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 06/00/05 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 [[Page 27403]] 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 _______________________________________________________________________ 2507. 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 proposed regulation provides additional guidance with respect to dual consolidated losses under section 1503(d). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: None Additional Information: REG-102144-04 Drafting attorney: Kathryn T. Holman (202) 622-3860 Reviewing attorney: John Merrick (202) 622-3800 Treasury attorney: David Sotos (202) 622-0851 CC:INTL Agency Contact: Kathryn T. Holman, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3860 RIN: 1545-BD10 _______________________________________________________________________ 2508. CURRENT LIABILITY INTEREST RATE UNDER SECTION 412(B)(5) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 412(b)(5) CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These proposed regulations will provide rules regarding the current liability interest rate under section 412(b)(5). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-105966-04 Drafting attorney: Linda S.F. Marshall (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 RIN: 1545-BD13 _______________________________________________________________________ 2509. CURRENT LIABILITY INTEREST RATE UNDER SECTION 412(B)(5) (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 412(b)(5) CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This temporary regulation will provide rules regarding the current liability interest rate under section 412(b)(5). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulation 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-105966-04 Drafting attorney: Linda S.F. Marshall (202) 622-8012 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-BD13 RIN: 1545-BD14 _______________________________________________________________________ 2510. 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 November 28, 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). 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 FPHC, FIC, or 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 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-107420-04 Drafting attorney: Michelle L. Drumbl (202) 622-3880 Reviewing attorney: Karen Rennie (202) 622-3880 Treasury attorney: John Harrington (202) 622-0589 CC:INTL [[Page 27404]] Agency Contact: Michelle L. Drumbl, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3880 RIN: 1545-BD15 _______________________________________________________________________ 2511. MOVE AND UPDATE THE ESTIMATED TAX REGULATIONS Priority: Info./Admin./Other Legal Authority: 26 USC 6654 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The proposed regulation will move and update the estimated tax regulations from Treasury Regulation sections 1.6015(a)-(j) and 301.6015 to the section 6654 regulations. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 11/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-147157-03 Drafting attorney: Tonya L. Christianson (202) 622-4910 Reviewing attorney: Tiffany Smith (202) 622-4910 Treasury attorney: Eric San Juan (202) 622-0224 CC:PA:APJ Agency Contact: Tonya L. Christianson, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4910 RIN: 1545-BD17 _______________________________________________________________________ 2512. 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 06/00/05 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 _______________________________________________________________________ 2513. ESCROW ACCOUNTS, TRUSTS, AND OTHER FUNDS USED DURING DEFERRED EXCHANGES OF LIKE-KIND PROPERTY Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805; 26 USC 468B(g) CFR Citation: 26 CFR 1; 26 CFR 602 Legal Deadline: None Abstract: These proposed 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 proposed 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 12/00/05 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 CC:ITA:B07 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 _______________________________________________________________________ 2514. SECTION 42 QUALIFIED CONTRACT PROVISIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 42 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 06/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Undetermined Additional Information: REG-114084-03 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, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3040 RIN: 1545-BD20 [[Page 27405]] _______________________________________________________________________ 2515. PAYMENTS FOR WHICH NO RETURN OF INFORMATION IS REQUIRED UNDER SECTION 6041 Priority: Info./Admin./Other. Major status under 5 USC 801 is undetermined. Legal Authority: 26 USC 6041 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 11/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-147136-03 Drafting attorney: Michelle B. Baxter (202) 622-4910 Reviewing attorney: James C. Gibbons (202) 622-7085 Treasury attorney: John Parcell (202) 622-2578 CC:PA:APJ Agency Contact: Michelle B. Baxter, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4910 RIN: 1545-BD21 _______________________________________________________________________ 2516. 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 11/00/05 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 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 _______________________________________________________________________ 2517. COORDINATION OF UNITED STATES AND CERTAIN POSSESSIONS INCOME TAXES (TEMPORARY) 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 have an effective implementing agreement with the United States, in accordance with the Tax Reform Act of 1986, Public Law 99-514. The regulations will include regs for both the 1954 Code and the 1986 Code versions of section 7654. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulation 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-139900-03 Drafting attorney: Mae J. Lew (202) 435-5262 Reviewing attorney: Ricardo A. Cadenas (202) 435-5262 Treasury attorney: Carl Dubert (202) 622-1765 CC:INTL Agency Contact: Mae J. Lew, 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 _______________________________________________________________________ 2518. GUIDANCE ON PFIC PURGING ELECTIONS (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These temporary 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 ________________________________________________________________________ Temporary Regulation 12/00/05 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: Carl Dubert (202) 622-0222 [[Page 27406]] 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-BC37 RIN: 1545-BD33 _______________________________________________________________________ 2519. TRANSFERS OF RESTRICTED STOCK Priority: Substantive, Nonsignificant Legal Authority: 42 USC 83 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 12/00/05 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, Washington, DC 20224 Phone: 202 622-6030 Related RIN: Related to 1545-BD45 RIN: 1545-BD44 _______________________________________________________________________ 2520. TRANSFERS OF RESTRICTED STOCK (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 42 USC 83 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 12/00/05 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, Washington, DC 20224 Phone: 202 622-6030 Related RIN: Related to 1545-BD44 RIN: 1545-BD45 _______________________________________________________________________ 2521. APPLICATION OF SECTIONS 304(B)(6) AND 367 IN CROSS BORDER SECTION 304 TRANSACTIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 304(b)(6); 26 USC 367(a)(6); 26 USC 367(b) CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This proposed regulation will coordinate sections 304 and 367 in cross-border stock redemptions. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-127740-04 Drafting attorney: Tracy D. Perry (202) 622-3870 Reviewing attorney: Jeffrey Dorfman (202) 622-3870 Treasury attorney: David Sotos (202) 622-0851 CC:INTL Agency Contact: Tracy D. Perry, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3870 RIN: 1545-BD46 _______________________________________________________________________ 2522. UPDATE OF 415 REGULATIONS Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805 CFR Citation: Not Yet Determined Legal Deadline: None Abstract: These proposed 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 12/00/05 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: Undetermined Federalism: Undetermined Additional Information: REG-130241-04 Drafting attorney: Linda S.F. Marshall (202) 622-6090 CC: TEGE:QP1 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-BD52 _______________________________________________________________________ 2523. AGGREGATE COMPUTATION; ALLOCATION OF RESEARCH CREDIT II Priority: Substantive, Nonsignificant Legal Authority: 26 USC 41 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation relates to the computation and allocation of the [[Page 27407]] 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 06/00/05 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 _______________________________________________________________________ 2524. 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 12/00/05 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 _______________________________________________________________________ 2525. DECLARATORY JUDGMENT--GIFT TAX VALUE Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 7477 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: Proposed regulations relating to the redetermination of value of certain gifts in a declaratory judgment action. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/00/05 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 _______________________________________________________________________ 2526. USE OF ELECTRONIC TECHNOLOGIES FOR PROVIDING NOTICES AND TRANSMITTING ELECTIONS AND CONSENTS Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Unfunded Mandates: Undetermined 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 05/00/05 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: Marjorie Hoffman (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 _______________________________________________________________________ 2527. DISABLED ACCESS CREDIT Priority: Substantive, Nonsignificant Legal Authority: 26 USC 44; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: Guidance under section 44 regarding the disabled access credit for eligible small business. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Undetermined Additional Information: REG-144246-04 [[Page 27408]] Drafting attorney: Eric B. Lee (202) 622-3120 Reviewing attorney: Leslie H. Finlow (202) 622-3120 Treasury attorney: Sharon Kay (202) 622-0865 CC:PSI Agency Contact: Eric B. Lee, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3120 RIN: 1545-BD69 _______________________________________________________________________ 2528. SECTION 704(B)(2) AND SUBSTANTIALITY Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 704(b)(2) 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 05/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-144620-04 Drafting attorneys: Rebekah A. Myers and Tim Leska (202) 622-3050 Reviewing attorney: Beverly Katz (202) 622-3060 Treasury attorney: Matthew Lay (202) 622-1788 CC:PSI Agency Contact: Rebekah A. Myers, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3050 RIN: 1545-BD70 _______________________________________________________________________ 2529. REGULATIONS UNDER SECTION 706 REGARDING TAXABLE YEAR OF A PARTNERSHIP Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 706 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 05/00/05 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: Stephanie Robinson (202) 622-9858 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 _______________________________________________________________________ 2530. 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 12/00/05 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 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 _______________________________________________________________________ 2531. GUIDANCE UNDER SECTION 6501(C)(1) REGULATIONS Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805; 26 USC 6501 CFR Citation: 26 CFR 301 Legal Deadline: None Abstract: The regulations will provide guidance with respect to the statute of limitations on assessment being held open indefinitely if someone that is affiliated with their return (e.g., preparer, appraiser, accountant, etc.) commits fraud. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/05 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: Undetermined Additional Information: REG-144905-04 Drafting attorney: Matthew Cooper (202) 622-4940 Reviewing attorney: Charles Hall (202) 622-4940 CC:PA:APJ Agency Contact: Matthew Cooper, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC 20224 Phone: 202 622-4940 RIN: 1545-BD73 [[Page 27409]] _______________________________________________________________________ 2532. GUIDANCE UNDER SECTION 707(C) REGARDING GUARANTEED PAYMENTS Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 707 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 11/00/05 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: Stephanie Robinson (202) 622-9858 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 _______________________________________________________________________ 2533. CLASSIFICATION OF CERTAIN FOREIGN ENTITIES Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805; 26 USC 7701 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations will revise the entity classification rules. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/00/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: REG-148521-04 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-BD78 RIN: 1545-BD77 _______________________________________________________________________ 2534. POSSIBLE 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) 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); reordering, simplifying, and indexing Treasury Regulation sections 1.381 (c)(4) and (5). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 10/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-151884-03 and REG-151887-03 Drafting attorney: C. Oseekey (202) 622-4970 Reviewing attorney: Jeffery G. Mitchell (202) 622-4970 Treasury attorney: Sharon Kay (202) 622-0865 CC:ITA Agency Contact: Jeffery G. Mitchell, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4970 RIN: 1545-BD81 _______________________________________________________________________ 2535. 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) CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: To reduce the prospect of future controversy, the Service 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 09/00/05 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 attorney: Audrey Nacamuli (202) 622-5721 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 [[Page 27410]] _______________________________________________________________________ 2536. 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: 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 that sells, exchanges, or distributes all of such stock, can make an election under section 336(e) to treat such sale, exchange, or distribution as a disposition of all the assets of such other corporation and recognize no gain or loss on the sale, exchange, or distribution of such stock. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-143544-04 Drafting attorney: Emidio J. Forlini (202) 622-7930 CC: COR Agency Contact: Emidio J. Forlini Jr., Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7930 RIN: 1545-BD84 _______________________________________________________________________ 2537. GUIDANCE UNDER SECTION 79 Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Unfunded Mandates: Undetermined Legal Authority: 26 USC 79 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: Guidance under 26 U.S.C. section 79, group term life insurance. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/00/05 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: Undetermined Federalism: Undetermined Additional Information: Drafting attorney: Betty J. Clary (202) 622- 6080 Agency Contact: Betty J. Clary, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-6080 RIN: 1545-BD85 _______________________________________________________________________ 2538. DEFINITION OF THE ``DUE DATE'' FOR PURPOSES OF CALCULATING OVERPAYMENT INTEREST UNDER SECTION 301.6611(H) Priority: Info./Admin./Other Unfunded Mandates: Undetermined Legal Authority: 26 USC 6611 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 05/00/05 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:APJP:B01 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 _______________________________________________________________________ 2539. [bull] RETURN FOR SUBCHAPTER T COOPERATIVES Priority: Info./Admin./Other. Major status under 5 USC 801 is undetermined. Legal Authority: 26 USC 6012 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This publication will amend Section 1.6012-2(f) of the Income Tax Regulations to provide that all Subchapter T cooperatives as defined under Section 1381 are required to a return on Form 1120-C. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/00/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: REG-149436-04 Drafting attorney: Donnell M. Rini-Swyers (202) 622-4910 Reviewing attorney: James C. Gibbons (202) 622-4910 Treasury attorney: John Parcell (202) 622-2578 CC:PA:APJ Agency Contact: Donnell M. Rini-Swyers, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC 20224 Phone: 202 622-4910 RIN: 1545-BD92 _______________________________________________________________________ 2540. [bull] EMPLOYER'S ANNUAL FEDERAL EMPLOYMENT TAX RETURN--FORM 944 Priority: Info./Admin./Other. Major status under 5 USC 801 is undetermined. Legal Authority: 26 USC 6011 CFR Citation: 26 CFR 31.6011(a)-1; 26 CFR 31.6011(a)-4 Legal Deadline: None Abstract: The purpose of this regulatory action is to amend CRF sections 31.6011(a)-4 of the Withholding Taxes Regulations to allow the filing of Form 944, Employer's Annual Federal Employment Tax Return, for employers selected by the Service to participate in the Employer's 941 Annual Employment Tax Return Program. [[Page 27411]] Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: Federal Additional Information: REG-148568-04 Tax Law Specialist: Raymond Bailey (202) 622-4910 CC:PA:APJ Agency Contact: Raymond Bailey, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4910 Related RIN: Related to 1545-BE00 RIN: 1545-BD93 _______________________________________________________________________ 2541. [bull] RETURN FOR SUBCHAPTER T COOPERATIVES (TEMPORARY) Priority: Info./Admin./Other Legal Authority: 26 USC 6012 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This publication will amend section 1.6012-2(f) of the Income Tax Regulations to provide that all Subchapter T cooperatives as defined under section 1381 are required to file a return on Form 1120- C. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulation 05/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-149436-04 Drafting attorney: Donnell M. Rini-Swyers (202) 622-4910 Reviewing attorney: James C. Gibbons (202) 622-4910 Treasury attorney: John Parcell (202) 622-2578 CC:PA:APJ Agency Contact: Donnell M. Rini-Swyers, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC 20224 Phone: 202 622-4910 Related RIN: Related to 1545-BD92 RIN: 1545-BD98 _______________________________________________________________________ 2542. [bull] EMPLOYER'S ANNUAL FEDERAL EMPLOYMENT TAX RETURN--FORM 944 (TEMPORARY) Priority: Info./Admin./Other Unfunded Mandates: Undetermined Legal Authority: 26 USC 6011 CFR Citation: 26 CFR 31 Legal Deadline: None Abstract: The purpose of this regulatory action is to amend sections 31.6011(a)-4 of the Withholding Taxes Regulations to allow the filing of Form 944, Employer's Annual Federal Employment Tax Return, for employers selected by the Service to participate in the Employer's 941 Annual Employment Tax Return Program. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulation 05/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: Federal Additional Information: REG-148568-04 Tax Law Specialist: Raymond Bailey (202) 622-622-4910 CC:PA:APJ Agency Contact: Raymond Bailey, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4910 Related RIN: Related to 1545-BD93 RIN: 1545-BE00 _______________________________________________________________________ 2543. [bull] 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 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 06/00/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: REG-148864-03 AND 147195-04 Drafting attorney: James C. O'Leary (202) 622-8543 Treasury attorney: Michael Desmond (202) 622-1981 CC:PA:DPL Agency Contact: James C. O'Leary, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC 20224 Phone: 202 622-8543 Related RIN: Related to 1545-BC93, Related to 1545-BE01, Related to 1545-BE08 RIN: 1545-BE02 _______________________________________________________________________ 2544. [bull] 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, alcohol fuel provisions, and other excise taxes related to taxable fuels. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/05 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: Undetermined Federalism: Undetermined Additional Information: REG-153838-04 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 [[Page 27412]] CC: PSI:B8 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-BE03 _______________________________________________________________________ 2545. [bull] DYE INJECTION 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 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 05/00/05 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 Related RIN: Related to 1545-BE44 RIN: 1545-BE04 _______________________________________________________________________ 2546. [bull] APPLICATION OF SECTION 6404(G) SUSPENSION PROVISIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 301 Legal Deadline: None Abstract: This proposed regulation is meant to clarify the types of cases in which interest and penalties are suspended for the Service's failure to issue a notice alerting taxpayers of their liability and the basis therefor within the statutory period. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses, Organizations Government Levels Affected: None Additional Information: REG-149036-04 Drafting attorney: Julie A. Jebe (202) 622-7950 Reviewing attorney: Stuart Spielman (202) 622-7950 Treasury attorney: Michael Desmond (202) 622-1981 CC:PA:APJ Agency Contact: Julie A. Jebe, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7950 RIN: 1545-BE07 _______________________________________________________________________ 2547. [bull] 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 document contains proposed regulations that would generally eliminate country-by-country reporting to shareholders of foreign source income and foreign taxes paid by 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 06/00/05 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 CC:FI Agency Contact: Susan T. Baker, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3930 RIN: 1545-BE09 _______________________________________________________________________ 2548. [bull] INFORMATION RETURNS BY DONEES RELATING TO QUALIFIED INTELLECTUAL PROPERTY CONTRIBUTIONS Priority: Info./Admin./Other Legal Authority: 26 USC 6050L(b) CFR Citation: 26 CFR 1; 26 CFR 602 Legal Deadline: None Abstract: This publication will add section 1.6050L-2 of the Income Tax Regulations to provide guidance for filing information returns by donees relating to qualified intellectual property contributions. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/00/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: REG-158138-04 Drafting attorney: Donnell M. Rini-Swyers (202) 622-4910 Reviewing attorney: James C. Gibbons (202) 622-4910 Treasury attorney: Eric SanJuan (202) 622-0224 CC:PA:APJ Agency Contact: Donnell M. Rini-Swyers, Attorney, Department of the Treasury, Internal Revenue Service, [[Page 27413]] 1111 Constitution Ave NW, Washington, DC 20224 Phone: 202 622-4910 RIN: 1545-BE11 _______________________________________________________________________ 2549. [bull] 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 05/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Undetermined Additional Information: REG-159420-04 Drafting attorney: Eric B. Lee (202) 622-3120 Reviewing attorney: Brenda M. Stewart (202) 622-3120 Treasury attorney: Sharon Kay (202) 622-0865 CC: PSI Agency Contact: Eric B. Lee, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3120 RIN: 1545-BE14 _______________________________________________________________________ 2550. [bull] 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 clarifies the extent to which taxpayers must capitalize expenditures to repair, improve, or rehabilitate tangible property. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: REG-168745-03 Drafting attorney: Kimberly L. Koch (202) 622-5020 Reviewing attorney: Robert M. Casey (202) 622-4950 Treasury attorney: Sharon Kay (202) 622-0865 CC:ITA:1 Agency Contact: Kimberly L. Koch, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC 20224 Phone: 202 622-5020 Fax: 202 622-7241 RIN: 1545-BE18 _______________________________________________________________________ 2551. [bull] WITHHOLDING EXEMPTIONS Priority: Info./Admin./Other. Major status under 5 USC 801 is undetermined. Unfunded Mandates: Undetermined Legal Authority: 26 USC 3402 CFR Citation: 26 CFR 31 Legal Deadline: None Abstract: Amendment of section 31.3402(f)(2)-1 of the Employment Tax Regulations to provide guidance for employers and employees relating to the Form W-4, ``Employee's Withholding Allowance Certificate,'' the submission of copies of certain withholding exemption certificates to the Internal Revenue Service, and the notice to the employer and employee of the maximum number of exemptions permitted. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/00/05 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 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 RIN: 1545-BE20 _______________________________________________________________________ 2552. [bull] WITHHOLDING EXEMPTIONS (TEMPORARY) Priority: Info./Admin./Other. Major status under 5 USC 801 is undetermined. Unfunded Mandates: Undetermined Legal Authority: 26 USC 3402 CFR Citation: 26 CFR 31 Legal Deadline: None Abstract: Amendment of section 31.3402(f)(2)-1 of the Employment Tax Regulations to provide guidance for employers and employees relating to the Form W-4, ``Employee's Withholding Allowance Certificate,'' the submission of copies of certain withholding exemption certificates to the Internal Revenue Service, and the notice to the employer and employee of the maximum number of exemptions permitted. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulation 05/00/05 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 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-BE20 RIN: 1545-BE21 _______________________________________________________________________ 2553. [bull] FARMER AND FISHERMAN INCOME AVERAGING UNDER THE AMERICAN JOBS CREATION ACT OF 2004 (AJCA) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 1301 [[Page 27414]] 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 businesses. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/00/05 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:B3 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-BE39 RIN: 1545-BE23 _______________________________________________________________________ 2554. [bull] 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 07/00/05 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 _______________________________________________________________________ 2555. [bull] 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 07/00/05 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 _______________________________________________________________________ 2556. [bull] 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 07/00/05 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 _______________________________________________________________________ 2557. [bull] 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 07/00/05 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 [[Page 27415]] Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3080 Related RIN: Related to 1545-BE26 RIN: 1545-BE27 _______________________________________________________________________ 2558. [bull] 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 AJCA. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/00/05 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: Christine E. Ellison, 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 _______________________________________________________________________ 2559. [bull] 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 AJCA. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulations 07/00/05 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 _______________________________________________________________________ 2560. [bull] EMPLOYER COMPARABLE CONTRIBUTIONS TO ARCHER MEDICAL SAVINGS ACCOUNTS UNDER 4980E AND HEALTH SAVINGS ACCOUNTS UNDER SECTION 4980G Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 4980G; 26 USC 7805 CFR Citation: 26 CFR 54 Legal Deadline: None Abstract: The proposed regulations will set forth the rules for determining the applicability of the comparability rules for Archer Medical Savings Accounts under section 4980E and Health Savings Accounts under section 4980G. The proposed regulations will also set forth the rules for determining whether employer contributions to Archer Medical Savings Accounts and Health Savings Accounts satisfy the comparability rules under sections 4980E and 4980G. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: Undetermined Additional Information: REG-138647-04 Drafting attorney: Barbara E. Pie (202) 622-6080 Reviewing attorney: Harry Beker (202) 622-6080 CC: TEGE Agency Contact: Barbara E. Pie, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-6080 RIN: 1545-BE30 _______________________________________________________________________ 2561. [bull] 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 07/00/05 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 [[Page 27416]] _______________________________________________________________________ 2562. [bull] DOMESTIC WORKERS REGULATION UPDATE (APPLICATION OF THE FEDERAL INSURANCE CONTRIBUTIONS ACT TO PAYMENTS MADE FOR CERTAIN SERVICES) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 31 Legal Deadline: None Abstract: The proposed amendments to the regulations under sections 3102, 3121(a), 3121(a)(7), 3121(a)(8), 3121(a)(10), and 3121(i) provide guidance concerning the application of the Federal Insurance Contributions Act (FICA) to payments made for service not in the course of an employer's trade or business, for domestic service in a private home of an employer, for agricultural labor, and for service performed as a home worker within the meaning of section 3121(d)(3)(C) of the Code. Changes to section 3121(a)(7)(B), relating to domestic service, were made by the Technical and Miscellaneous Revenue Act of 1988. Changes to section 3121(a)(7)(C), relating to service not in the course of an employer's trade or business, and 3121(a)(10), relating to home workers, were made by the Social Security Financing Amendments of 1977. These statutory changes are not reflected in the existing regulations, including regulations related to sections 3102, 3121(a), and 3121(i)(1). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-104143-05 Drafting attorney: Paul J. Carlino (202) 622-0047 Reviewing attorney: Michael A. Swim (202) 622-0047 Treasury attorney: Kevin Knopf (202) 622-2329 CC:TEGE Agency Contact: Paul J. Carlino, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC 20224 Phone: 202 622-0047 RIN: 1545-BE32 _______________________________________________________________________ 2563. [bull] 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: Guidance to taxpayers 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 or the taxpayers taxable 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 07/00/05 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 attorney: George Manousos (202) 622-1335 CC: PSI Agency Contact: Paul F. Handleman, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3040 RIN: 1545-BE33 _______________________________________________________________________ 2564. [bull] 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 12/00/05 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 _______________________________________________________________________ 2565. [bull] RELEASE OF LIEN OR DISCHARGE OF PROPERTY Priority: Info./Admin./Other Legal Authority: 26 USC 6325; 26 USC 6503; 26 USC 7426 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. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: REG-159444-04 Drafting attorney: Debra A. Kohn (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 [[Page 27417]] Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3620 Email: debra.akohn@irscounsel.treas.gov RIN: 1545-BE35 _______________________________________________________________________ 2566. [bull] FARMER AND FISHERMAN INCOME AVERAGING UNDER THE AMERICAN JOBS CREATION ACT OF 2004 (AJCA) (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 1301 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 businesses. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulation 06/00/05 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 _______________________________________________________________________ 2567. [bull] DISREGARDED ENTITIES AND COLLECTIONS Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. 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 12/00/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: Undetermined Additional Information: REG-114371-05 Drafting attorney: Martin Schaffer (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 _______________________________________________________________________ 2568. [bull] DYE INJECTION (TEMPORARY) 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 temporary 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 ________________________________________________________________________ Temporary Regulation 12/00/05 Regulatory Flexibility Analysis Required: Undetermined 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 Related RIN: Related to 1545-BE44 RIN: 1545-BE44 _______________________________________________________________________ 2569. [bull] 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 CFR Citation: 26 CFR 801 Legal Deadline: None Abstract: 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 05/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Federal Additional Information: REG-114444-05 Drafting attorney: Nancy M. Kelley (202) 283-7919 Reviewing attorney: Neil B. Worden (202) 283-7911 Treasury attorney: Michael Desmond (202) 622-1981 CC:GLS:CL& Agency Contact: Nancy M. Kelley, Attorney, Department of the Treasury, Internal Revenue Service, 2nd Floor, 950 L'Enfant Plaza, Washington, DC 20024 [[Page 27418]] Phone: 202 283-7919 Related RIN: Related to 1545-BE46 RIN: 1545-BE45 _______________________________________________________________________ 2570. [bull] BALANCED SYSTEM FOR MEASURING ORGANIZATIONAL AND EMPLOYEE PERFORMANCE WITHIN THE INTERNAL REVENUE SERVICE (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 5 USC 9501; 26 USC 7804; PL 105-206, sec 1201; PL 105- 206, sec 1204 CFR Citation: 26 CFR 801 Legal Deadline: None Abstract: IRS will issue Temporary Regulations amending 26 CFR part 801 to remove restrictions 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 ________________________________________________________________________ Temporary Regulation 05/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Federal Additional Information: REG-114444-05 Drafting attorney: Nancy M. Kelley (202) 283-7919 Reviewing attorney: Neil B. Worden (202) 283-7911 Treasury attorney: Michael Desmond (202) 622-1981 CC:GLS:CL& Agency Contact: Nancy M. Kelley, Attorney, Department of the Treasury, Internal Revenue Service, 2nd Floor, 950 L'Enfant Plaza, Washington, DC 20024 Phone: 202 283-7919 Related RIN: Related to 1545-BE45 RIN: 1545-BE46 _______________________________________________________________________ 2571. [bull] 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 Abstract: This regulation will provide guidance regarding accounting methods and penalties under section 6038. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/05 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 _______________________________________________________________________ 2572. [bull] MODIFICATIONS TO THE DE MINIMIS DEPOSIT RULE UNDER SECTION 6302 Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6302 CFR Citation: 26 CFR 31 Legal Deadline: None Abstract: Proposed regulations regarding deposit requirements under section 6302 needed to implement a new annual file program for employment taxes. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: None Additional Information: REG-144900-04 Drafting attorney: Audra M. Dineen (202) 622-4940 CC:PA:APJ Agency Contact: Audra M. Dineen, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4940 Related RIN: Related to 1545-BE49 RIN: 1545-BE48 _______________________________________________________________________ 2573. [bull] MODIFICATION TO THE DE MINIMIS DEPOSIT RULE UNDER SECTION 6302 (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6302 CFR Citation: 26 CFR 31 Legal Deadline: None Abstract: Temporary regulations regarding deposit requirements under section 6302 needed to implement a new annual file program for employment taxes. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulation 07/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: None Additional Information: REG-144900-04 Drafting attorney: Audra M. Dineen (202) 622-4940 CC:PA:APJ Agency Contact: Audra M. Dineen, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4940 Related RIN: Related to 1545-BE48 RIN: 1545-BE49 _______________________________________________________________________ 2574. [bull] ATTAINED AGE OF INSURED Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7702; 26 USC 7702A; 26 USC 7805(a) CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This proposed regulation defines the ``attained age'' to be used for single and multiple insureds under life insurance contracts for the testing required under sections 7702 and 7702A. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/00/05 [[Page 27419]] Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-168892-03 Drafting attorney: Ann H. Logan (202) 622-3970 Treasury attorney: Mark Smith (202) 622-1778 Agency Contact: Ann H. Logan, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3970 RIN: 1545-BE53 _______________________________________________________________________ Department of the Treasury (TREAS) Final Rule Stage Internal Revenue Service (IRS) _______________________________________________________________________ 2575. 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 will be amended to reflect the changes made to that section by the Tax Reform Act of 1984. Section 367 now provides generally that a foreign corporation will not be considered to be a corporation, for purposes of certain nonrecognition provisions of the Code, upon the transfer of property to such corporation by a U.S. person. The statute provides certain exceptions to that rule, exemptions to those exceptions, and special rules applicable to certain specified transfers. The regulations will provide guidance concerning the applicability of the general rule and its exceptions and special rules, including guidance concerning transfers of assets for use in the active conduct of a trade or business, stock transfers, transfers of intangible assets, and transfers of branch operations that have operated at a loss. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/16/86 51 FR 17990 Final Action 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-209042-86 (INTL-610-86) Drafting attorney: Thomas D. Beem (202) 622-3860 Reviewing attorney: Charles P. Besecky (202) 622-3860 CC:INTL Agency Contact: Thomas D. Beem, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3860 RIN: 1545-AK74 _______________________________________________________________________ 2576. NONRECOGNITION OF CORPORATE DISTRIBUTIONS AND REORGANIZATIONS UNDER THE FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 897 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations will provide rules concerning the effect of certain distributions including dividends, redemptions, distributions pursuant to reorganizations, and liquidations on corporations and their shareholders under the Foreign Investment in Real Property Tax Act. Regulations will also provide rules for determining the extent to which nonrecognition would apply to certain transfers of real property interests and the extent to which certain reorganizations will be treated as sales of property at fair market value. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/05/88 53 FR 16233 Hearing 03/01/89 54 FR 1189 Final Action 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-209039-87 (INTL-491-87) Drafting attorney: Robert W. Lorence (202) 622-3860 Reviewing attorney: Charles P. Besecky (202) 622-3860 CC:INTL Agency Contact: Robert W. Lorence, Senior Counsel, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3860 RIN: 1545-AK79 _______________________________________________________________________ 2577. 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 12/00/05 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 [[Page 27420]] _______________________________________________________________________ 2578. FRINGE BENEFIT SOURCING UNDER SECTION 861 Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 861 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will address the circumstances in which an allocation of income of an individual for the performance of services, both within and outside the United States, is appropriately made only on the time basis. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/21/00 65 FR 3402 Public Hearing 07/18/00 Second NPRM 08/06/04 69 FR 47816 Final Action 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-208254-90 (INTL-107-90) Drafting attorney: David F. Bergkuist (202) 622-3850 Reviewing attorney: Richard L. Chewning (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 RIN: 1545-AO72 _______________________________________________________________________ 2579. INTEREST-FREE ADJUSTMENTS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 6205 CFR Citation: 26 CFR 31 Legal Deadline: None Abstract: Under section 6205(a)(1) of the Code, if less than the correct amount of tax imposed under the FICA, the RRTA, or the income tax withholding provisions is paid with respect to any payment of wages or compensation, proper adjustments with respect to both the tax and amount to be deducted must be made without interest in such manner and in such times as the Secretary may by regulations prescribe. The amendments add language to clarify that an interest-free adjustment can be made in certain situations in which the error is ascertained before the appropriate return is filed. The amendments are intended to apply only to situations in which no return was filed because the employer improperly failed to treat its workers as employees. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/10/92 57 FR 58423 NPRM Comment Period End 02/08/93 Final Action 06/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-209538-92 (EE-12-92) Drafting attorney: Karin Loverud (202) 622-6060 Reviewing attorney: Mary Oppenheimer (202) 622-6010 CC:TEGE Agency Contact: Karin Loverud, Tax Law Specialist, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-6060 RIN: 1545-AQ61 _______________________________________________________________________ 2580. 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 Final Action 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Local, State Federalism: Undetermined Additional Information: REG-209558-92 Drafting attorney: R. Lisa Mojiri-Azad (202) 622-6080 Reviewing attorney: Marjorie Hoffman (202) 622-6030 Treasury attorney: W. Thomas Reeder (202) 622-1341 CC:TEGE Agency Contact: R. Lisa Mojiri-Azad, Senior Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-6080 RIN: 1545-AQ74 _______________________________________________________________________ 2581. ESCROW FUNDS AND OTHER SIMILAR FUNDS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 0468B CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation provides further guidance relating to certain escrow funds and other similar funds. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 02/01/99 64 FR 4801 NPRM Comment Period End 05/03/99 Final Action 12/00/05 Regulatory Flexibility Analysis Required: Yes Small Entities Affected: Businesses Government Levels Affected: None [[Page 27421]] Additional Information: REG-209619-93 (IA-17-93) Drafting attorney: Richard Shevak (202) 622-8142 Reviewing attorney: Jeffery G. Mitchell (202) 622-4930 CC:ITA:7 Agency Contact: Richard Shevak, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-8142 Related RIN: Related to 1545-BD19 RIN: 1545-AR82 _______________________________________________________________________ 2582. 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 12/00/05 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 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 _______________________________________________________________________ 2583. STRADDLES---MISCELLANEOUS ISSUES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 1092 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation clarifies the circumstances in which common stock may be personal property for purposes of section 1092. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/02/95 60 FR 21482 Final Action 06/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-209768-95 (FI-21-95) 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-AT46 _______________________________________________________________________ 2584. 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 01/00/06 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 Ave NW, Washington , DC 20224 Phone: 202 622-3970 RIN: 1545-AU49 _______________________________________________________________________ 2585. DEFINITION OF PRIVATE ACTIVITY BOND--REFUNDING REGULATIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations will provide guidance on the application of the private loan test and the private business use and private payments/security tests to refunding bonds. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/30/94 59 FR 67658 NPRM Comment Period End 05/01/95 Second NPRM 05/14/03 68 FR 25845 Final Action 06/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-113007-99 Drafting attorney: Laura Lederman (202) 622-3980 Treasury attorney: Stephen Watson (202) 622-1322 CC:TEGE Agency Contact: Laura Lederman, attorney, Department of the Treasury, [[Page 27422]] Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3980 RIN: 1545-AU98 _______________________________________________________________________ 2586. RETURN OF LEVIED PROPERTY IN CERTAIN CASES Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 301 Legal Deadline: None Abstract: Section 501(b) of the Taxpayer Bill of Rights 2 amended section 6343 of the Internal Revenue Code to authorize the Secretary to return levied property in four enumerated circumstances. Section 1102(d)(1)(B) of RRA 98 changed ``Taxpayer Advocate'' to ``National Taxpayer Advocate'' as a person who determines what is in the best interest of the taxpayer. The regulations set forth the circumstances in which the Secretary may return property and procedures to implement these sections. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 02/14/01 66 FR 10249 Final Action 06/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-101520-97 Drafting attorney: Kevin B. Connelly (202) 622-3630 Reviewing attorney: Robert Miller (202) 622-3630 Treasury attorney: Michael Desmond (202) 622-1981 CC:PA:CBS Agency Contact: Kevin B. Connelly, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3630 RIN: 1545-AV01 _______________________________________________________________________ 2587. 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 05/00/05 Regulatory Flexibility Analysis Required: No 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 _______________________________________________________________________ 2588. 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 12/00/05 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 _______________________________________________________________________ 2589. 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 07/00/05 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: Audrey Nacamuli (202) 622-5721 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 Related RIN: Related to 1545-BA11 RIN: 1545-AW30 [[Page 27423]] _______________________________________________________________________ 2590. CAPITAL GAIN GUIDANCE RELATING TO CRTS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 1; 26 USC 664 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulation provides guidance relating to charitable remainder trusts in light of the changes made to section 1(h) of the Internal Revenue Code by the Taxpayer Relief Act of 1997, the Internal Revenue Service Restructuring and Reform Act of 1998, and the Jobs and Growth Tax Relief Reconciliation Act of 2003. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 11/20/03 68 FR 65419 Final Action 05/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-110896-98 Drafting attorney: Theresa M. Melchiorre (202) 622-7830 Reviewing attorney: Katherine A. Mellody (202) 622-3090 Treasury attorney: Catherine Hughes (202) 622-9407 CC:PSI Agency Contact: Theresa M. Melchiorre, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7830 RIN: 1545-AW35 _______________________________________________________________________ 2591. REPORTING OF PAYMENTS TO ATTORNEY Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined 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 12/00/05 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 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 _______________________________________________________________________ 2592. HIGHWAY VEHICLE--DEFINITION Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 4051 CFR Citation: 26 CFR 48 Legal Deadline: None Abstract: This regulation provides amendments to regulations relating to definition of a highway vehicle. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/06/02 67 FR 38913 Public Hearing 02/27/03 Final Action 07/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-103829-99 Drafting attorney: Ceclia 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-AX10 _______________________________________________________________________ 2593. 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 Final Action 06/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No 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 _______________________________________________________________________ 2594. CASH OR DEFERRED ARRANGEMENTS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation updates and revises regulations on qualified cash or deferred arrangements, matching contributions, and employee contributions. [[Page 27424]] Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/17/03 68 FR 42476 Final Action 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: None Additional Information: REG-108639-99 Drafting attorney: R. Lisa Mojiri-Azad (202) 622-6060 Reviewing attorney: Marjorie Hoffman (202) 622-6000 Treasury attorney: W. Thomas Reeder (202) 622-1341 CC:TEGE Agency Contact: R. Lisa Mojiri-Azad, Senior Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-6080 Related RIN: Related to 1545-AX43 RIN: 1545-AX26 _______________________________________________________________________ 2595. 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 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-116050-99 Drafting attorney: Mark R. Pollard (202) 622-3850 Reviewing attorney: Anne Devereaux (202) 622-3850 Treasury attorney: Michael Caballero (202) 622-0851 CC:INTL Agency Contact: Mark R. Pollard, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3850 RIN: 1545-AX65 _______________________________________________________________________ 2596. 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 12/00/05 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 _______________________________________________________________________ 2597. 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 06/00/05 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 _______________________________________________________________________ 2598. ASSUMPTION OF PARTNERSHIP LIABILITIES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 752 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation prevents the acceleration or duplication of losses through the assumption of liabilities in transactions involving partnerships. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/24/03 68 FR 37434 Final Action 05/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None [[Page 27425]] Additional Information: REG-106736-00 Drafting attorney: Laura C. Fields (202) 622-3050 Reviewing attorney: Dianna Miosi (202) 622-3050 Treasury attorney: Stephanie Robinson (202) 622-9858 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 Related RIN: Related to 1545-BB83 RIN: 1545-AX93 _______________________________________________________________________ 2599. 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 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-107279-00 Drafting attorney: Victoria J. Driscoll (202) 622-4920 Reviewing attorney: Robert A. Berkovsky (202) 622-4920 CC:PA: 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-AY18 _______________________________________________________________________ 2600. 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 12/00/05 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 _______________________________________________________________________ 2601. 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 12/00/05 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 _______________________________________________________________________ 2602. 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 12/00/05 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 [[Page 27426]] 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 _______________________________________________________________________ 2603. ALLOCATION OF INCOME AND DEDUCTIONS FROM INTANGIBLES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 482 CFR Citation: 26 CFR 1 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 12/00/05 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 Helen Hong- George (202) 435-5220 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 _______________________________________________________________________ 2604. GUIDANCE UNDER SECTION 355(E); RECOGNITION OF GAIN ON CERTAIN DISTRIBUTIONS OF STOCK OR SECURITIES IN CONNECTION WITH AN ACQUISITION Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 355(e)(5) CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation provides guidance on section 355(e) of the Internal Revenue Code. Section 355(e) provides that a distributing corporation will recognize gain on the distribution of stock of a controlled corporation if 50 percent or more of the stock of the distributing corporation or controlled corporation is acquired pursuant to a plan that includes the distribution. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/26/02 67 FR 20711 Final Action 05/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-163892-01 Drafting attorney: Amber R. Cook (202) 622-7530 Reviewing attorney: Stephen P. Fattman (202) 622-7700 Treasury attorney: Audrey Nacamuli (202) 622-5721 CC:CORP:4 On January 2, 2001, a notice of proposed rulemaking was published in the Federal Register (REG-107566-00; 66 FR 66) under section 355(e) of the Internal Revenue Code of 1986. A public hearing regarding those proposed regulations was held on May 15, 2001. On August 3, 2001, those proposed regulations were published as temporary regulations in the Federal Register (REG-107566-00; 66 FR 40590). This regulation withdrew the notice of proposed rulemaking that was published on January 2, 2001, and provided new rules under section 355(e) of the Internal Revenue Code of 1986 by cross-reference to temporary regulations published in the same issue of the Federal Register. 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 Related RIN: Related to 1545-BA55 RIN: 1545-AY42 _______________________________________________________________________ 2605. 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 12/00/05 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: Audrey Nacamuli (202) 622-0869 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 _______________________________________________________________________ 2606. TAX TREATMENT OF CAFETERIA PLANS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 125 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation provides information about the tax treatment of cafeteria plans. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/10/01 66 FR 1923 Final Action 12/00/05 [[Page 27427]] Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Federal Additional Information: REG-209461-79 Drafting attorney: Shoshanna Tanner (202) 622-6080 Reviewing attorney: Janet A. Laufer (202) 622-6090 CC:TEGE Agency Contact: Shoshanna Tanner, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-6080 RIN: 1545-AY67 _______________________________________________________________________ 2607. 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 03/04/03 68 FR 10190 Final Action 06/00/05 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 _______________________________________________________________________ 2608. MERGERS INVOLVING DISREGARDED ENTITIES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 368; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulation will provide guidance concerning the requirements to be met in order for a merger or consolidation to qualify as a reorganization under section 368(a)(1)(A). They will also address whether certain mergers involving disregarded entities can qualify as reorganizations under section 368(a)(1)(A). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 11/15/01 66 FR 57400 Second NPRM 01/24/03 68 FR 3477 Final Action 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-126485-01 Drafting attorneys: Richard M. Heinecke (202) 622-7930 Reviewing attorney: Alfred C. Bishop (202) 622-7930 Treasury attorney: Audrey Nacamuli (202) 622-5721 CC:CORP RIN 1545-BA06 and its corresponding number REG-126485-01 was first opened with respect to a proposed regulation that was first published in the Federal Register on November 15, 2001. The November 15, 2001, proposed regulations were withdrawn by proposed regulations in the Federal Register on January 24, 2003. The January 24, 2003, proposed regulations with the same REG-126485-01, not only withdrew the November 15, 2001, proposed regulations but also served as a cross-referencing proposed regulation to a temporary regulation published in the Federal Register on January 24, 2003, and a notice of proposed rulemaking. The temporary regulations also use the REG-126485-01 number. The document published with respect to the temporary regulations also serve as final regulations. The final regulations use RIN 1545-BB46 and REG- 162729-02. Once the temporary regulations were published, the final regulations (REG-162729-02; RIN 1545-BB46) were closed. 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-BB46 RIN: 1545-BA06 _______________________________________________________________________ 2609. 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 Public Hearing 03/21/02 Final Action 12/00/05 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: Audrey Nacamuli (202) 622-5721 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 [[Page 27428]] _______________________________________________________________________ 2610. 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 12/00/05 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 _______________________________________________________________________ 2611. PROPERTY EXEMPT FROM LEVY Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6334 CFR Citation: 26 CFR 301 Legal Deadline: None Abstract: This regulation will describe the judicial procedures for approval of a principal residence seizure, pursuant to I.R.C. sections 6334(a)(13)(B)(i) and 6334(e)(1). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/19/03 68 FR 49729 Final Action 05/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-140378-01 Drafting attorney: Robin M. Ferguson (202) 622-3610 Reviewing attorney: Alan Levine (202) 622-3610 Treasury attorney: Jonathan Ackerman (202) 622-5293 CC:PA:CBS Agency Contact: Robin M. Ferguson, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3610 RIN: 1545-BA22 _______________________________________________________________________ 2612. NONCOMPENSATORY PARTNERSHIP OPTIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 704; 26 USC 721; 26 USC 761 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 Public Hearing 05/20/03 Final Action 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-103580-02 Drafting attorneys: Demetri G. Yatrakis (202) 622-3060 Reviewing attorneys: Audrey W. Ellis (202) 622-3060 Treasury attorney: Stephanie Robinson (202) 622-9858 CC:PSI Agency Contact: Demetri G. Yatrakis, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3060 Audrey W. Ellis, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3060 RIN: 1545-BA53 _______________________________________________________________________ 2613. CARRYBACK OF CONSOLIDATED NET OPERATING LOSSES TO SEPARATE RETURN YEARS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 1502 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulation will harmonize the waiver election in regulations section 1.1502-21(b)(3) with the amendments to IRC 172(b) with the Job Creation and Worker Assistance Act of 2002. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/31/02 67 FR 38039 Final Action 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-122564-02 Drafting attorney: Theresa Kolish (202) 622-7530 Reviewing attorney: Lewis Brickates (202) 622-7530 Treasury attorney: Audrey Nacamuli (202) 622-5721 CC:COR Agency Contact: Theresa M. Kolish, 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-BA76 RIN: 1545-BA73 _______________________________________________________________________ 2614. REDEMPTIONS TREATED AS DIVIDENDS Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined [[Page 27429]] 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 12/00/05 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 Treasury attorney: Audrey Nacamuli (202) 622-5721 CC:COR Agency Contact: Theresa M. Kolish, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7530 RIN: 1545-BA80 _______________________________________________________________________ 2615. REPORTING REQUIREMENTS FOR WIDELY HELD FIXED INVESTMENT TRUSTS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulation relates to reporting requirements for widely held fixed investment trusts. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/20/02 67 FR 41892 NPRM Comment Period End 09/18/02 Final Action 05/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-106871-00 Drafting attorney: Faith Colson (202) 622-3060 Reviewing attorney: J. Thomas Hines (202) 622-3060 Treasury attorney: Viva Hammer (202) 622-0869 CC:PSI Agency Contact: Faith Colson, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3060 Related RIN: Related to 1545-AU15 RIN: 1545-BA83 _______________________________________________________________________ 2616. 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 12/00/05 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 _______________________________________________________________________ 2617. AGGREGATE COMPUTATION AND ALLOCATION OF RESEARCH CREDIT Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 41 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will provide guidance on the proper method of computing the research credit for a controlled group. In addition, this regulation will provide guidance on the allocation of the research credit among members of a controlled group. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/29/03 68 FR 44499 Final Action 06/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-133791-01 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-AX05, Related to 1545-BD60 RIN: 1545-BA88 [[Page 27430]] _______________________________________________________________________ 2618. DESIGNATED IRS OFFICER OR EMPLOYEE Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7802 CFR Citation: 26 CFR 1; 26 CFR 301 Legal Deadline: None Abstract: This regulatory amendment clarifies that chief counsel attorneys can receive the designated authority to take summoned testimony under oath. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/10/02 67 FR 57354 Final Action 05/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-134026-02 Drafting attorney: Elizabeth D. Rawlins (202) 622-3600 Reviewing attorney: Peter J. Devlin (202) 622-3600 Treasury attorney: Jonathan Ackerman (202) 622-5293 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 Related RIN: Related to 1545-BA98 RIN: 1545-BA89 _______________________________________________________________________ 2619. TIMELY MAILING TREATMENT Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7502 CFR Citation: 26 CFR 301 Legal Deadline: None Abstract: This regulation will expressly provide that a registered or certified mail receipt is the sole means to prove delivery of a document to the Internal Revenue Service. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/21/04 69 FR 56377 Final Action 06/00/05 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Additional Information: REG-138176-02 Drafting attorney: Dillon Taylor (202) 622-4940 Reviewing attorney: Charles Hall (202) 622-4940 Treasury attorney: Eric San Juan (202) 622-0224 CC:PA:APJ Agency Contact: Dillon Taylor, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC 20224 Phone: 202 622-4940 RIN: 1545-BA99 _______________________________________________________________________ 2620. ALLOCATION OF FOREIGN TAX CREDITS AMONG PARTNERS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 704(6); 26 USC 703(b)(3); 26 USC 702(a)(b) 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 06/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-139792-02 Drafting attorney: Rebekah A. Myers (202) 622-3050 and Tim Leska (202) 622-3050 Reviewing attorney: Beverly M. Katz (202) 622-3060 Treasury attorney: Matt Lay (202) 622-1788 CC:PSI Agency Contact: Rebekah A. Myers, 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 _______________________________________________________________________ 2621. DISTRIBUTIONS OF PROPERTY Priority: Substantive, Nonsignificant Legal Authority: 26 USC 1023; 26 USC 1024; 26 USC 2032 CFR Citation: 26 CFR 301; 26 CFR 20 Legal Deadline: None Abstract: This regulation will clarify the language in regulations section 301.9100-6T to remove confusion as to whether relief for making an election under regulations section 2032 is available under sections 301.9100-1 and 301-9100-3. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/24/03 68 FR 74534 Public Hearing 04/19/04 69 FR 20840 Final Action 05/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-139845-02 Drafting attorney: Theresa M. Melchiorre (202) 622-7830 Reviewing attorney: Katherine A. Mellody (202) 622-7830 Treasury attorney: Catherine Hughes (202) 622-9407 CC:PSI Agency Contact: Theresa M. Melchiorre, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7830 RIN: 1545-BB12 _______________________________________________________________________ 2622. INVESTIGATIVE DISCLOSURES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6103(k)(6) 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 12/00/05 Regulatory Flexibility Analysis Required: No [[Page 27431]] 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 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 _______________________________________________________________________ 2623. 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 06/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-141097-02 Drafting attorney: Cynthia A. McGreevy (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: Cynthia A. McGreevy, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3130 RIN: 1545-BB18 _______________________________________________________________________ 2624. DUPLICATIVE TAX BENEFITS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 1502 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation prevents a consolidated group from deriving more than one tax benefit from a single economic loss. A loss on a consolidated return, with respect to the sale of a subsidiary's stock, will be suspended to the extent of duplication (i.e. the group retains the loss asset) as long as the subsidiary remains a member of the group. In addition, there is a basis leveling rule, which prevents groups from loading losses onto a single block of subsidiary stock and selling only that stock, while maintaining that subsidiary as part of the group. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 03/14/03 68 FR 12324 Final Action 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-131478-02 Drafting attorney: Jay M. Singer (202) 622-7530 Reviewing attorney: Lewis K. Brickates (202) 622-7530 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-BB95 RIN: 1545-BB25 _______________________________________________________________________ 2625. 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 12/00/05 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 Helen Hong- George (202) 435-5220 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 _______________________________________________________________________ 2626. INVESTMENT ADJUSTMENT RULES AND WAIVER OF LOSS CARRYOVERS FROM SRLY YEARS--AMENDED Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 1502 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will allow a group to revoke an election under regulations section 1.1502-32(b)(4), where such election has become unnecessary as a result of regulations section 1.1502-20T(i)(2). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/07/03 68 FR 24404 Final Action 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-152524-02 Drafting attorney: Jeffrey B. Fienberg (202) 622-7700 Reviewing attorney: Alison G. Burns (202) 622-7550 [[Page 27432]] Treasury attorney: Audrey Nacamuli (202) 622-5721 CC:COR Agency Contact: Jeffrey B. Fienberg, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7770 Related RIN: Related to 1545-BB39 RIN: 1545-BB38 _______________________________________________________________________ 2627. AMENDMENT TO SECTION 6724 RELATING TO FAILURE TO FILE CORRECT INFORMATION RETURNS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6724 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: Amended regulations to provide an electronic alternative procedure as to when the filing of a correction is considered prompt for purposes of section 6724. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/09/03 68 FR 40857 Final Action 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-141669-02 Drafting attorney: William M. Kostak (202) 622-4910 Reviewing attorney: John J. McGreevy (202) 622-4910 Treasury attorney: Eric San Juan (202) 622-0224 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-BB41 _______________________________________________________________________ 2628. LIMITATION ON USE OF NONACCRUAL EXPERIENCE METHOD OF ACCOUNTING Priority: Substantive, Nonsignificant Legal Authority: 26 USC 403 CFR Citation: 26 CFR 1 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. Under the proposed regulations, taxpayers will be permitted to determine such amounts using alternative computations or formulas which, based on experience, accurately reflect the amount of income that will not be collected by such taxpayer. The proposed regulations will provide safe harbor methods (computations or formulas) of estimating such amounts that the taxpayers can rely on. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 11/21/03 68 FR 65645 Final Action 12/00/05 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 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 _______________________________________________________________________ 2629. ELECTION OUT GENERATION-SKIPPING TRANSFER TAX (GST) DEEMED ALLOCATIONS Priority: Info./Admin./Other Legal Authority: 26 USC 2601; 26 USC 2632; 26 USC 2642 CFR Citation: 26 CFR 601 Legal Deadline: None Abstract: Procedure for making the election to not have the deemed generation-skipping transfer tax allocation rules apply with respect to a GST Trust and for making the election to treat a trust as a GST Trust. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/13/04 69 FR 42000 Final Action 08/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-153841-02 Drafting attorney: Mayer Samuels (202) 622-7265 Reviewing attorney: George Masnik (202) 622-3618 Treasury attorney: Catherine Hughes (202) 622-9407 CC:PSI Agency Contact: Mayer Samuels, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7265 RIN: 1545-BB54 _______________________________________________________________________ 2630. 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 05/00/05 Regulatory Flexibility Analysis Required: No [[Page 27433]] 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 Manuso (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 _______________________________________________________________________ 2631. 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 06/00/05 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 RIN: 1545-BB64 _______________________________________________________________________ 2632. INSTALLMENT OBLIGATIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 704(c)(1) CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will provide guidance on the treatment of installment obligations received in exchange for section 704(c) property. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 11/24/03 68 FR 65864 Final Action 05/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-160330-02 Reviewing attorney: Jeanne Sullivan (202) 622-4117 Treasury attorney: Stephanie Robinson (202) 622-9858 CC:PSI Agency Contact: Jeanne Sullivan, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4117 RIN: 1545-BB65 _______________________________________________________________________ 2633. COLLECTED EXCISE TAXES; DUTIES OF COLLECTOR Priority: Substantive, Nonsignificant Legal Authority: 26 USC 4291; 26 USC 6302; 26 USC 7805 CFR Citation: 26 CFR 40; 26 CFR 49 Legal Deadline: None Abstract: These regulations relate to the obligations of persons that receive payments for air transportation or communications service subject to excise tax when persons liable for taxes refuse to pay the tax. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/10/04 69 FR 48432 Final Action 05/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-163909-02 Drafting attorney: Taylor Cortright (202) 622-3130 Reviewing attorneys: Frank K. Boland (202) 622-3130 and Lewis J. 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 Related RIN: Related to 1545-BB76 RIN: 1545-BB75 _______________________________________________________________________ 2634. APPLICATION OF NONDISCRIMINATION CROSS-TESTING RULES TO CASH BALANCE PLANS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 411 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations will provide rules for the application of certain nondiscrimination requirements, prohibiting discrimination in favor of highly compensated employees, to cash balance pension plans. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/11/02 67 FR 76123 Hearing 04/09/03 Final Action 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses, Organizations [[Page 27434]] Government Levels Affected: None Additional Information: REG-164464-02 Drafting attorney: Linda S.F. Marshall (202) 622-6090 Reviewing attorney: Marjorie Hoffman (202) 622-6090 Treasury attorney: William Bortz (202) 622-1352 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-BA10 RIN: 1545-BB79 _______________________________________________________________________ 2635. CORPORATE REORGANIZATIONS: CONTINUITY TRANSFERS OF ASSETS OR STOCK FOLLOWING A REORGANIZATION Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation provides amendments to regulations section 1.368-2(k) of the income tax regulations, which sets forth rules providing that for certain reorganizations, transfers by the acquiring corporation of target assets or stock to certain controlled corporations will not disqualify the transaction from nonrecognition treatment. The proposed amendments will clarify the reorganizations subject to these rules. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 03/02/04 69 FR 9771 Final Action 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-165579-02 Drafting attorney: Rebecca O. Burch (202) 622-7550 Reviewing attorney: T. Ian Russell (202) 622-7550 Treasury attorney: Audrey Nacamuli (202) 622-5721 CC:COR Agency Contact: Rebecca O. Burch, 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-BB81 RIN: 1545-BB80 _______________________________________________________________________ 2636. 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 06/00/05 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 Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3920 RIN: 1545-BB82 _______________________________________________________________________ 2637. PREDECESSORS OR SUCCESSORS UNDER SECTION 355(E) Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined 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 to or a transferee of distributing or controlled assets is a predecessor or successor. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Final Action 01/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-145535-02 Drafting attorney: Krishna P. Vallabhaneni (202) 622-7550 Reviewing attorney: Stephen P. Fattman (202) 622-7700 Treasury attorney: Audrey Nacamuli (202) 622-5721 CC:COR Agency Contact: Krishna P. Vallabhaneni, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7550 RIN: 1545-BB85 _______________________________________________________________________ 2638. 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 securities that are not inventory as if they 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 [[Page 27435]] (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. The ANPRM asked for comments on: (1) the securities to which this approach applies; (2) the taxpayers who may elect this approach; (3) the election into the approach; (4) the applicable financial statements to be used; (5) the recordkeeping, retention, and availability requirements for verification of financial statement-tax conformity; and (6) what approach will apply if the election for financial statement-tax conformity is not made. A notice of proposed rulemaking is being drafted currently based upon comments received from the ANPRM. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Final Action 05/00/05 Regulatory Flexibility Analysis Required: Undetermined 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 _______________________________________________________________________ 2639. ACCRUAL FOR CERTAIN REMIC REGULAR INTERESTS Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The proposed 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 522217 Final Action 06/00/05 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 _______________________________________________________________________ 2640. DETERMINATION OF BASIS OF SECURITIES RECEIVED IN EXCHANGE OR WITH RESPECT TO A STOCK OR SECURITIES IN CERTAIN TRANSACTIONS Priority: Routine and Frequent Legal Authority: 26 USC 358; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: Amendment to section 1.358-2 of the income tax regulation. The proposed regulation adopts a tracing approach in determining the basis of stock and securites received in transactions under sections 355 and 368, and certain transactions that qualify under both sections 351 and 368. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/03/04 69 FR 24107 Final Action 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-116564-03 Drafting attorney: Theresa M. Kolish (202) 622-7530 or Emidio J. Forlini, Jr. (202) 622-7930 Reviewing attorney: Alfred Bishop (202) 622-7930 Treasury attorney: Audrey Nacamuli (202) 622-5721 CC:COR Agency Contact: Theresa M. Kolish, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7530 Emidio J. Forlini Jr., Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7930 RIN: 1545-BC05 _______________________________________________________________________ 2641. ENTRY OF TAXABLE FUEL Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 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 05/00/05 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 [[Page 27436]] _______________________________________________________________________ 2642. 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 12/00/05 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: John Parcell (202) 622-2578 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 _______________________________________________________________________ 2643. CONTINGENT AT CLOSING ESCROWS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 468 CFR Citation: 26 CFR 1; 26 CFR 602 Legal Deadline: None Abstract: The regulations will provide rules for taxing the income of a contingent at closing escrow. A contingent at closing escrow is, generally, established in connection with the sale or exchange of real or personal property to hold assets that will be distributable to the purchaser or seller based on the post-closing resolution of bona fide contingencies. The rules will require the purchaser or seller to take into account all items of income and deduction for Federal income tax purposes. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 02/01/99 64 FR 4801 Final Action 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-103422-03 Drafting attorney: Richard Shevak (202) 622-8142 Reviewing attorney: Jeff Mitchell (202) 622-4930 Treasury attorney: Viva Hammer (202) 622-0869 CC:ITA:7 Agency Contact: Richard Shevak, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-8142 Related RIN: Related to 1545-AR82 RIN: 1545-BC16 _______________________________________________________________________ 2644. 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 05/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-126459-03 Drafting attorney: Sara L. Logan (202) 622-3110 Reviewing attorney: Kathleen Reed (202) 622-3110 Treasury attorney: George Manousos (202) 622-1335 CC:PSI Agency Contact: Sara L. Logan, 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 _______________________________________________________________________ 2645. VALUE OF LIFE INSURANCE WHEN DISTRIBUTED FROM A QUALIFIED RETIREMENT PLAN Priority: Substantive, Nonsignificant Legal Authority: 26 USC 1 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These proposed regulations under section 402(a) of the Internal Revenue Code concern the amount includible in a distributee's income when certain life insurance and annuity contracts are distributed by a qualified retirement plan. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/09/04 69 FR 7385 Final Action 05/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-126967-03 Drafting attorney: Bruce Perlin (202) 622-6090 Reviewing attorney: Linda Marshall (202) 622-6090 Treasury attorney: Harlan Weller (202) 622-1001 CC:TEGE Agency Contact: Bruce Perlin, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC 20224 Phone: 202 622-6090 RIN: 1545-BC20 _______________________________________________________________________ 2646. SPECIAL CONSOLIDATED RETURN RULES FOR INTEREST EXPENSE DISALLOWED UNDER SECTION 265(A)(2) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 1502; 26 USC 7701 CFR Citation: 26 CFR 1 Legal Deadline: None [[Page 27437]] 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 07/00/05 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 Treasury attorney: Audrey Nacamuli (202) 622-5721 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 RIN: 1545-BC23 _______________________________________________________________________ 2647. SECTION 411(D)(6) PROTECTED BENEFITS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 4980 CFR Citation: 26 CFR 1; 26 CFR 54 Legal Deadline: None Abstract: These regulations will provide guidance relating to section 411(d)(6) of the Code regarding the elimination or reduction of certain early retirement benefits, retirement-type subsidies, and optional forms of benefit (section 411(d)(6)(B) protected benefits), and will address both: 1) when these benefits result in significant burdens and complexities for plans and its participants; and 2) when such benefits are of de minimis value to participants. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/24/04 69 FR 13769 Hearing 06/24/04 69 FR 13770 Final Action 05/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-128309-03 Drafting attorney: Pamela R. Kinard (202) 622-6060 Reviewing attorney: Linda S. Marshall (202) 622-6090 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-BC26 _______________________________________________________________________ 2648. DEEMED CORPORATE ELECTION FOR ELECTING S CORPORATIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7701; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulation will deem an S corporation that makes a timely S Corporation election to have also made a timely election to be an association taxed as a corporation under section 301.7701-3(1)(i) to ease the administrative burden on taxpayers and IRS Service Centers. It will continue implementation of section 7701 under the Secretary's general section 7805 regulatory authority. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/20/04 69 FR 43369 Final Action 05/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: Undetermined Additional Information: REG-131786-03 Drafting attorney: Rebekah A. Myers (202) 622-3050 Reviewing attorney: Dianna Miosi (202) 622-3050 Treasury attorney: Deborah Harrington (202) 622-1788 CC:PSI Agency Contact: Rebekah A. Myers, 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-BD24 RIN: 1545-BC32 _______________________________________________________________________ 2649. PROHIBITED ALLOCATION OF SECURITIES IN AN S CORPORATION Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. 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 Comment Period End 10/20/03 Hearing 12/17/04 69 FR 75492 Final Action 12/00/05 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 _______________________________________________________________________ 2650. GUIDANCE UNDER SECTION 1502; APPLICATION OF SECTION 108 TO MEMBERS OF A CONSOLIDATED GROUP Priority: Substantive, Nonsignificant Legal Authority: 26 USC 1502 [[Page 27438]] CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation provides guidance under section 1502 of the Internal Revenue Code concerning the application of certain provisions of section 108 to members of a consolidated group. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/04/03 68 FR 52542 Final Action 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-132760-03 Drafting attorney: Amber R. Cook (202) 622-7530 Reviewing attorney: Lewis K. Brickates (202) 622-7530 Treasury attorney: Audrey Nacamuli (202) 622-5721 CC:CORP:4 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 Related RIN: Related to 1545-BC39 RIN: 1545-BC38 _______________________________________________________________________ 2651. GUIDANCE ON PFIC PURGING ELECTIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These final regulations will provide guidance to taxpayers on making timely deemed sale and deemed dividend elections under sections 1298(b)(1) and 1291. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/24/04 69 FR 51967 Final Action 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-120657-04 Drafting attorney: Ethan A. Atticks (202) 622-3840 Reviewing attorney: Valerie A. Mark Lippe (202) 622-3840 Treasury attorney: Carl Dubert (202) 622-0222 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-BC49 _______________________________________________________________________ 2652. QUALIFIED SEVERANCE REGULATIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 2642(a)(3)(C) 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 10/00/05 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: 202 622-7265 RIN: 1545-BC50 _______________________________________________________________________ 2653. GUARANTEE FEES UNDER SECTION 143(G) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 143 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulation will allow issues of qualified mortgage revenue bonds under section 143 to exclude certain fees paid to guarantee pools of mortgages (including mortgage backed securities) from the calculation of the effective interest rate on the mortgages for purposes of section 143(g). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 11/05/03 68 FR 62549 Final Action 05/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Local, State Additional Information: REG-146692-03 Drafting attorney: Michael P. Brewer (202) 622-3980 Reviewing attorney: Timothy L. Jones (202) 622-3980 CC:TEGE Agency Contact: Michael P. Brewer, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3980 RIN: 1545-BC59 _______________________________________________________________________ 2654. PREDECEASED PARENT RULE Priority: Substantive, Nonsignificant Legal Authority: 26 USC 2651 CFR Citation: 26 CFR 26 Legal Deadline: None Abstract: The regulation will provide guidance on the predeceased parent rule in section 2651(e) and amend the regulations under section 26.2612-1(a)(2). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/03/04 69 FR 53863 Public Hearing 12/14/04 69 FR 53863 Final Action 05/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-145988-03 Drafting attorney: Lian A. Mito (202) 622-7830 [[Page 27439]] Reviewing attorney: James F. Hogan (202) 622-3012 Treasury attorney: Catherine Hughes (202) 622-9407 CC:PSI Agency Contact: Lian A. Mito, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7830 RIN: 1545-BC60 _______________________________________________________________________ 2655. 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, and implement the ability of S corporation shareholders to take the credit allowance under sect 1397E(a). It will provide for remedial action in case of change in use of bond proceeds. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 03/26/04 69 FR 15747 Public Hearing 07/21/04 Final Action 05/00/05 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 Treasury attorney: Stephen Watson (202) 622-1322 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 _______________________________________________________________________ 2656. GUIDANCE UNDER SECTION 707 REGARDING DISGUISED SALES Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Unfunded Mandates: Undetermined 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 12/00/05 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) 622-3080 Treasury attorney: Stephanie Robinson (202) 622-7858 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 _______________________________________________________________________ 2657. 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 06/00/05 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 _______________________________________________________________________ 2658. SECTION 179 ELECTIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 202 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will provide guidance for making and revoking elections under section 179, effective for 2003. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/04/04 69 FR 47043 Final Action 05/00/05 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: Undetermined Additional Information: REG-152549-03 Drafting attorney: Winston H. Douglas (202) 622-3110 Reviewing attorney: Charles B. Ramsey (202) 622-3110 Treasury attorney: George Manousos (202) 622-1335 CC:PSI Agency Contact: Winston H. Douglas, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 [[Page 27440]] Phone: 202 622-3110 RIN: 1545-BC69 _______________________________________________________________________ 2659. REAL ESTATE MORTGAGE INVESTMENT CONDUIT (REMIC) TETRA RULES Priority: Info./Admin./Other Legal Authority: 26 USC 860F CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulation relates to the application of partnership audit procedures to disputes regarding the ownership of residual interests in a REMIC. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/10/04 69 FR 48431 Final Action 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-154077-03 Drafting attorney: Arturo Estrada (202) 622-3900 Reviewing attorney: Dale Collinson (202) 622-3900 Treasury attorney: Jonathan Ackerman (202) 622-0869 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-BC71 _______________________________________________________________________ 2660. GUIDANCE UNDER SECTION 1502; APPLICATION OF SECTION 108 TO MEMBERS OF A CONSOLIDATED GROUP Priority: Substantive, Nonsignificant Legal Authority: 26 USC 1502 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations amend REG-132760-03 published in the Federal Register on September 4, 2003 (68 FR 52542), and TD 9089 also published in the Federal Register on September 4, 2003 (68 FR 52487). Those regulations provided guidance concerning the application of section 108 to members of a consolidated group. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/11/03 68 FR 69062 Final Action 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-153319-03 Drafting attorney: Amber R. Cook (202) 622-7530 Reviewing attorney: Lewis K. Brickates (202) 622-7530 Treasury attorney: Audrey Nacamuli (202) 622-5721 CC:CORP:4 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 Related RIN: Related to 1545-BC38, Related to 1545-BC39 RIN: 1545-BC74 _______________________________________________________________________ 2661. EXCLUSION OF EMPLOYEES OF 501(C)(3) ORGANIZATIONS IN 401(K) AND 401(M) PLANS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 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 proposed 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 12/00/05 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 _______________________________________________________________________ 2662. DISCLOSURES TO SUBCONTRACTORS Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Unfunded Mandates: Undetermined Legal Authority: 26 USC 6103 CFR Citation: 26 CFR 301 Legal Deadline: None Abstract: Proposed rule to amend existing regulations on disclosure of returns and return information in connection with procurement of property and services for tax administration purposes. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/12/05 70 FR 2076 Final Action 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses, Governmental Jurisdictions, Organizations Government Levels Affected: Federal, Local, State Additional Information: REG-148867-03 Drafting attorney: Helene R. Newsome (202) 622-4570 [[Page 27441]] Reviewing attorney: Gerald R. Ryan (202) 622-4570 Treasury attorney: Michael Desmond (202) 622-1981 CC:PA:DPL 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 RIN: 1545-BC92 _______________________________________________________________________ 2663. 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 Legal Authority: 26 USC 1502 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulations provide guidance to prevent circular bases computations resulting from the application of sections 108(b) and 1.1502-28T, and guidance regarding recapture under section 1245 following application of the look-through rules of section 1017(d) and section 1.1502-28T. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 03/15/04 69 FR 12091 Final Action 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-167265-03 Drafting attorney: Amber R. Cook (202) 622-7530 Reviewing attorney: Lewis K. Brickates (202) 622-7530 Treasury attorney: Audrey Nacamuli (202) 622-5721 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 Related RIN: Related to 1545-BC96 RIN: 1545-BC95 _______________________________________________________________________ 2664. DEEMED IRAS IN GOVERNMENTAL PLANS/QUALIFIED NONBANK TRUSTEE RULES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 408 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: Under IRS section 408(q), a qualified employer plan (plans described in sections 401(a) of the Code, 403(a), 403(b), and governmental plans under section 457(b)) may permit employees to make voluntary employee contributions to a ``deemed IRA,'' i.e., separate account or annuity established under the plan. Generally, these accounts or annuities are treated as IRAs pursuant to IRC section 408. Proposed regulations providing guidance with respect to section 408(q) were published in the Federal Register on May 20, 2003, and the final regulations are expected to be published on or before March 31, 2004. Deemed IRAs must satisfy the requirements of section 408(a) except for the commingling requirements of section 408(a)(5). Consistent with this general rule, section 1.408(q)-1(f)(1) of the proposed regulations provides that the trustee or custodian of an individual retirement account must be a bank or an entity that received approval from the Commissioner to serve as a nonbank trustee, pursuant to section 1.408- 2(e) of the regulations. IRC section 1.408-2(e)(1) provides that an entity must demonstrate by written application that the requirements of paragraph (e)(2) to (e)(6) of that regulation will be met in order to qualify as a nonbank trustee. The new regulation will provide that governmental entities need not demonstrate that all of these requirements will be met with respect to any deemed IRAs maintained by that governmental entity. The new regulation will provide that a governmental entity must demonstrate in writing to the satisfaction of the Commissioner that the entity will administer the trust in a manner that is consistent with the requirements of section 408. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/22/04 69 FR 43786 Final Action 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-101447-04 Drafting attorney: Linda L. Conway (202) 622-6090 Reviewing attorney: Janet A. Laufer (202) 622-6090 Treasury attorney: W. Thomas Reeder (202) 622-1341 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 RIN: 1545-BD07 _______________________________________________________________________ 2665. TIME AND MANNER OF MAKING SECTION 163(D)(4)(B) ELECTION TO TREAT QUALIFIED DIVIDEND INCOME AS INVESTMENT INCOME Priority: Info./Admin./Other Legal Authority: 26 USC 163 (d)(4)(B) CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations provide guidance regarding time and manner for making the election under IRC section 163(d)(4)(B) to treat qualified dividend income as investment income. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/05/04 69 FR 47395 Final Action 05/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-171386-03 Drafting attorney: Amy J. Pfalzgraf (202) 622-4950 Reviewing attorney: Christopher F. Kane (202) 622-4950 CC:ITA:B3 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 RIN: 1545-BD16 [[Page 27442]] _______________________________________________________________________ 2666. 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 proposed 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 12/00/05 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 _______________________________________________________________________ 2667. STOCK HELD BY FOREIGN INSURANCE COMPANIES Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805; 26 USC 864 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation relates to the application of the asset-use test to stock held by foreign insurance companies. The regulation will provide that the exception to the asset-use test will not apply in determining whether the income, gain, or loss from portfolio stock held by foreign insurance companies constitutes income effectively connected with the conduct of a U.S. trade or business. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/25/04 69 FR 35543 Final Action 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-117307-04 Drafting attorney: Sheila Ramaswamy (202) 622-3870 Reviewing attorney: Steven Jensen (202) 622-3870 CC:INTL Agency Contact: Sheila Ramaswamy, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3870 RIN: 1545-BD27 _______________________________________________________________________ 2668. REQUIREMENTS FOR REORGANIZATIONS Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined 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 12/00/05 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 Treasury attorney: Audrey Nacamuli (202) 622-5721 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 RIN: 1545-BD31 _______________________________________________________________________ 2669. LIFO RECAPTURE UNDER SECTION 1363(D) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations provide guidance on a C corporation that, owning LIFO inventory through a partnership, converts to an S corporation or transfers its partnership interest to an S corporation. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/13/04 69 FR 50109 Final Action 11/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-149524-03 Drafting attorney: Pietro E. Canestrelli (202) 622-3060 Reviewing attorney: David Hagland (202) 622-3050 Treasury attorneys: Stephanie Robinson (202) 622-9858 CC:PSI Agency Contact: Pietro E. Canestrelli, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3060 Related RIN: Related to 1545-BC66 RIN: 1545-BD34 _______________________________________________________________________ 2670. CLARIFICATION OF DEFINITIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 301 [[Page 27443]] Legal Deadline: None Abstract: These regulations will address the treatment of corporate continuances under section 7701. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/12/04 69 FR 49840 Public Hearing 11/03/04 69 FR 49840 Final Action 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-124872-04 Drafting attorney: Thomas D. Beem (202) 622-3860 Reviewing attorney: Charles P. Besecky (202) 622-3860 Treasury attorney: Gretchen Sierra (202) 622-1755 CC:INTL Agency Contact: Thomas D. Beem, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3860 Related RIN: Related to 1545-BD43 RIN: 1545-BD37 _______________________________________________________________________ 2671. 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 06/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: None Federalism: Undetermined Additional Information: REG-122847-04 Drafting attorney: Nancy M. Galib (202) 622-7022 Reviewing attorney: Ashton P. Trice (202) 622-4940 Treasury attorneys: Julian Kim and Jonathan Ackerman (202) 622-1981 CC: APJ Agency Contact: Nancy M. Galib, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7022 RIN: 1545-BD40 _______________________________________________________________________ 2672. ALLOCATION AND APPORTIONMENT OF DEDUCTIONS FOR CHARITABLE CONTRIBUTIONS (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations will provide final guidance relating to the allocation and apportionment of deductions for charitable contributions, including where the deductions are provided by an income tax treaty rather than by sections 170, 873(b)(2), and 882(c)(1)(B). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/28/04 69 FR 44988 Final Action 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-129040-04 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 Related RIN: Related to 1545-AP30 RIN: 1545-BD47 _______________________________________________________________________ 2673. 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 06/00/05 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: Stephanie Robinson (202) 622-9848 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 _______________________________________________________________________ 2674. SECTION 951 PRO RATA RULES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations provide rules for determining a U.S. shareholder's pro rata share of subpart F income of a controlled foreign corporation. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/05/04 69 FR 47822 Final Action 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No [[Page 27444]] Government Levels Affected: None Additional Information: REG-129771-04 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-BD49 _______________________________________________________________________ 2675. HIPAA PORTABILITY: SPECIAL ENROLLMENT PROCEDURES, TOLLING, AND INTERACTION WITH FMLA Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 9833 CFR Citation: 26 CFR 54 Legal Deadline: None Abstract: These regulations enhance the existing HIPAA portability regulations by tolling the running of certain time periods in certain circumstances, clarifying the procedures for requesting special enrollment, addressing how the HIPAA portability requirements apply to individuals taking leave under the Family and Medical Leave Act of 1993, and prescribing how to count the number of employees an employer has. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/30/04 69 FR 78800 Final Action 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-130370-04 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 Related RIN: Related to 1545-AW02, Related to 1545-AX84 RIN: 1545-BD51 _______________________________________________________________________ 2676. CONTINUITY OF INTEREST/STOCK FLUCTUATION Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation relates to the circumstances in which continuity of interest is measured using a transaction's signing date. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/10/04 69 FR 48429 Final Action 06/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-129706-04 Drafting attorney: Christopher M. Bass (202) 622-7770 Reviewing attorney: Jeffrey B. Fienberg (202) 622-7770 Treasury attorney: Audrey Nacamuli (202) 622-5721 CC:CORP:B2 Agency Contact: Christopher M. Bass, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7770 RIN: 1545-BD53 _______________________________________________________________________ 2677. GUIDANCE UNDER SECTION 1502; MISCELLANEOUS OPERATING RULES FOR SUCCESSOR PERSONS; APPLICABILITY OF SECTION 381 Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined 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 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-131128-04 Drafting attorney: Jeffrey B. Fienberg (202) 622-7770 Reviewing attorney: Edward S. Cohen (202) 622-7770 Treasury attorney: Audrey Nacamuli (202) 622-5721 CC: CORP:B2 Agency Contact: Jeffrey B. Fienberg, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7770 RIN: 1545-BD54 _______________________________________________________________________ 2678. MANUFACTURER INCENTIVE PAYMENTS IN AN INTERCOMPANY TRANSACTION Priority: Substantive, Nonsignificant Legal Authority: 26 USC 1502 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 06/00/05 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 Treasury attorney: Audrey Nacamuli (202) 622-5721 [[Page 27445]] 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 RIN: 1545-BD55 _______________________________________________________________________ 2679. ASSET TRANSFERS FOLLOWING PUTATIVE REORGANIZATIONS Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation provides amendments to section 1.368-2(K). 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 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-130863-04 Drafting attorney: Jeffrey B. Fienberg (202) 622-7770 Reviewing attorney: Alfred C. Bishop, Jr. (202) 622-7930 Treasury attorney: Audrey Nacamuli (202) 622-5721 CC:COR Agency Contact: Jeffrey B. Fienberg, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7770 RIN: 1545-BD56 _______________________________________________________________________ 2680. SOURCE OF COMPENSATION FOR LABOR OR PERSONAL SERVICES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 861 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will describe the appropriate basis for determining the source of income from labor or personal services performed partly within and partly without the United States. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/06/04 69 FR 47816 Final Action 12/00/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: REG-136481-04 Drafting attorney: David F. Bergkuist (202) 622-3850 Reviewing attorney: Richard Chewning (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 RIN: 1545-BD62 _______________________________________________________________________ 2681. MANDATORY E-FILING FOR FORMS 1120 Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6011(e) 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 06/00/05 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:APJP:1 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 _______________________________________________________________________ 2682. GUIDANCE UNDER SECTION 368 REGARDING MERGERS WITH AND INTO A FOREIGN CORPORATION Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation addresses whether a transaction involving one or more foreign corporations may qualify as a statutory merger within the meaning of section 368(a)(l)(A) of the Internal Revenue Code. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/05/05 70 FR 746 Final Action 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-117969-00 Drafting attorney: Vincent Daly (202) 622-7770 Reviewing attorney: Marlene Oppenheim (202) 622-7770 Treasury attorney: Audrey Nacamuli (202) 622-5721 CC: COR Agency Contact: Vincent Daly, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7770 RIN: 1545-BD76 [[Page 27446]] _______________________________________________________________________ 2683. CLASSIFICATION OF CERTAIN FOREIGN ENTITIES (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 7701 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations will revise the entity classification rules. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulation 07/00/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: REG-148521-04 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-BD77 RIN: 1545-BD78 _______________________________________________________________________ 2684. SPECIAL RULES TO REDUCE SECTION 1446 WITHHOLDING (TEMPORARY) 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 proposed and temporary 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 temporary 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 ________________________________________________________________________ Temporary Regulation 07/00/05 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Additional Information: REG-108524-00 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 _______________________________________________________________________ 2685. [bull] SECTION 1374 EFFECTIVE DATES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 337(d); 26 USC 1374(e); 26 USC 7805(a) CFR Citation: 26 CFR 1 Legal Deadline: Final, Statutory, December 20, 2007. Abstract: Section 1374(a) of the Internal Revenue Code imposes a tax on recognized built-in gains on assets held by a corporation when it converted from a C corporation to an S corporation. This provision is generally effective for corporations that had made S corporation elections after December 31, 1986 (or for certain gains of certain ``small'' corporations, December 31, 1988). Section 1374(d)(8) imposes a tax on recognized built-in gains on assets received from a C corporation to an S corporation in a carryover basis transaction. The proposed regulations clarify that: 1) section 1374(a) applies to a corporation if it initially elected S status before the applicable section 1374(a) effective date, but then returned to C corporation status and made a new S corporation election after the applicable section 1374 effective date; and 2) section 1374(d)(8) applies to a carryover basis transaction that occurs after December 31, 1986 (or, if applicable, December 31, 1988), regardless of when the transferee S corporation elected S status. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/22/04 69 FR 76635 Final Action 12/00/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: REG-139683-04 Drafting attorney: Stephen R. Cleary (202) 622-7750 Reviewing attorney: Lisa Fuller (202) 622-7750 Treasury attorney: Matthew Lay (202) 622-9858 CC: CORP:B1 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-BD99 RIN: 1545-BD95 _______________________________________________________________________ 2686. [bull] FLAT RATE SUPPLEMENTAL WAGE WITHHOLDING Priority: Info./Admin./Other. Major status under 5 USC 801 is undetermined. Unfunded Mandates: Undetermined Legal Authority: PL 107-16, sec 101(c)(11); PL 103-66, sec 13273 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 Final Action 08/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-152945-04 [[Page 27447]] 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 _______________________________________________________________________ 2687. [bull] DISCLOSURE OF RELATIVE VALUES OF OPTIONAL FORMS OF BENEFIT Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 417 (a)(3) CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations will modify regulations issued on December 17, 2003, to change the effective date provisions of those regulations (regarding the explanations that must be provided before a pension plan participant waives a qualified joint and survivor annuity) and make a few other clarifications. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/28/05 70 FR 4058 Final Action 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses, Organizations Government Levels Affected: None Additional Information: REG-15291404 Drafting attorney: Bruce Perlin (202) 622-6090 Reviewing attorney: Linda S.F. Marshall (202) 622-6090 Treasury contact: Harlan Weller (202) 622-1001 CC: TEGE Agency Contact: Bruce Perlin, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC 20224 Phone: 202 622-6090 RIN: 1545-BD97 _______________________________________________________________________ 2688. [bull] DESIGNATED ROTH CONTRIBUTIONS UNDER CASH OR DEFERRED ARRANGEMENTS UNDER SECTION 401(K) Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805 CFR Citation: Not Yet Determined Legal Deadline: None Abstract: The proposed regulations would provide guidance concerning the requirements for designated Roth contributions for plans containing cash or deferred arrangements under section 401(k). The proposed regulations affect plans containing cash or deferred arrangements under section 401(k) and affected participants eligible to make elective deferrals under these plans. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 03/02/05 70 FR 10062 Final Action 12/00/05 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: Undetermined Federalism: Undetermined Additional Information: REG-152354-04 Drafting attorney: R. Lisa Mojiri-Azad (202) 622-6080 Treasury contact: Harlan Weller (202) 622-1001 CC: TEGE Agency Contact: R. Lisa Mojiri-Azad, Senior Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-6080 RIN: 1545-BE05 _______________________________________________________________________ 2689. [bull] INFORMATION RETURNS BY DONEES RELATING TO QUALIFIED INTELLECTUAL PROPERTY CONTRIBUTIONS (TEMPORARY) Priority: Info./Admin./Other Legal Authority: 26 USC 6050L(b) CFR Citation: 26 CFR 1; 26 CFR 602 Legal Deadline: None Abstract: This publication will add section 1.6050L-2T of the Income Tax Regulations to provide guidance for filing information returns by donees relating to qualified intellectual property contributions. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulation 05/00/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: REG-158138-04 Drafting attorney: Donnell M. Rini-Swyers (202) 622-4910 Reviewing attorney: James C. Gibbons (202) 622-4910 Treasury attorney: Eric SanJuan (202) 622-0224 CC:PA;APJ Agency Contact: Donnell M. Rini-Swyers, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC 20224 Phone: 202 622-4910 Related RIN: Related to 1545-BE11 RIN: 1545-BE12 _______________________________________________________________________ 2690. [bull] 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 06/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-159824-04 Drafting attorney: Heather L. Dostaler (202) 622-4940 Reviewing attorney: Richard Goldstein (202) 622-3900 Treasury attorney: Michael Desmond (202) 622-1981 CC:PA:APJ [[Page 27448]] Agency Contact: Heather L. Dostaler, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4940 Related RIN: Related to 1545-BA70 RIN: 1545-BE13 _______________________________________________________________________ 2691. [bull] EXCLUSIONS FROM GROSS INCOME OF FOREIGN CORPORATIONS Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will delay for one year the applicability date of TD 9087, relating to income derived by foreign corporations from the international operation of ships or aircraft (Treasury regulations sections 1.883-0 through 1.883-5), making those regulations applicable to taxable years beginning after September 24, 2004, pursuant to section 423 of the American Jobs Creation Act of 2004. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Final Action 12/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-160687-04 Drafting attorney: Patricia A. Bray (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-BE16 _______________________________________________________________________ 2692. [bull] AGGREGATE COMPUTATION: ALLOCATION OF RESEARCH CREDIT II (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 41 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This temporary 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 ________________________________________________________________________ Temporary Regulation 06/00/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: None 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-BD60 RIN: 1545-BE17 _______________________________________________________________________ 2693. [bull] RESIDENCE AND SOURCE RULES INVOLVING U.S. POSSESSIONS (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 937; PL 108-357, sec 908 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The section 937 temporary regulations provide rules for determining whether an individual is a bona fide resident of a U.S. possession, including American Samoa, Guam, the Northern Mariana Islands, Puerto Rico, and the Virgin Islands. The temporary regulations also provide rules for determining when income is considered to be from sources within a U.S. possession and whether income is effectively connected with the conduct of a trade or business within any U.S. possession. In addition, the temporary regulations contain additional conforming changes to regulations under related or effected sections of the Internal Revenue Code. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulations 12/00/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: REG-159243-03 Drafting attorney: John David Varley (202) 435-5262 Reviewing attorney: W. Edward Williams (202) 622-3830 Treasury attorney: Gretchen Sierra (202) 622-1755 CC:INTL Agency Contact: John David Varley, 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-BC86 RIN: 1545-BE22 [[Page 27449]] _______________________________________________________________________ Department of the Treasury (TREAS) Long-Term Actions Internal Revenue Service (IRS) _______________________________________________________________________ 2694. 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: Margaret A. Hogan Phone: 202 622-3850 RIN: 1545-AC09 _______________________________________________________________________ 2695. INCOME TAX--DEFINITION OF QUALIFIED POSSESSION SOURCE INVESTMENT INCOME FOR PURPOSES OF PUERTO RICO AND POSSESSION TAX CREDIT Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/21/86 51 FR 2726 Next Action Undetermined Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Agency Contact: W. Edward Williams Phone: 202 622-3830 RIN: 1545-AC10 _______________________________________________________________________ 2696. 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: Christopher J. Bello Phone: 202 435-5265 RIN: 1545-AI16 _______________________________________________________________________ 2697. INFORMATION FROM PASSPORT AND IMMIGRATION APPLICANTS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 301 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/24/92 57 FR 61373 Second NPRM To Be Determined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Quyen Huynh Phone: 202 622-3880 RIN: 1545-AJ93 _______________________________________________________________________ 2698. 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 _______________________________________________________________________ 2699. CLARIFICATION OF TREATMENT OF SEPARATE LIMITATION LOSSES Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM To Be Determined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Richard L. Chewning Phone: 202 622-3850 RIN: 1545-AM11 _______________________________________________________________________ 2700. 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: Margaret A. Hogan Phone: 202 622-3850 RIN: 1545-AM90 _______________________________________________________________________ 2701. 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: W. Edward Williams Phone: 202 622-3830 RIN: 1545-AM91 _______________________________________________________________________ 2702. 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 [[Page 27450]] Agency Contact: Martin Scully Phone: 202 622-8066 RIN: 1545-AN73 _______________________________________________________________________ 2703. 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 Agency Contact: Carl M. Cooper Phone: 202 622-3840 RIN: 1545-AO22 _______________________________________________________________________ 2704. REGISTRATION REQUIRED OBLIGATIONS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/21/93 58 FR 5316 Final Action To Be Determined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Carl M. Cooper Phone: 202 622-3840 RIN: 1545-AP33 _______________________________________________________________________ 2705. 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: Margaret A. Hogan Phone: 202 622-3850 RIN: 1545-AQ55 _______________________________________________________________________ 2706. 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 _______________________________________________________________________ 2707. TREATMENT OF DUAL CONSOLIDATED LOSSES Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM To Be Determined Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Agency Contact: Kathryn T. Holman Phone: 202 622-3860 RIN: 1545-AR26 _______________________________________________________________________ 2708. 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 _______________________________________________________________________ 2709. 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 _______________________________________________________________________ 2710. 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 _______________________________________________________________________ 2711. APPLICATION OF ATTRIBUTION RULES TO FOREIGN TRUSTS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM To Be Determined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None [[Page 27451]] Federalism: Undetermined Agency Contact: M. Grace Fleeman Phone: 202 622-3880 RIN: 1545-AU91 _______________________________________________________________________ 2712. FINANCIAL ASSET SECURITIZATION INVESTMENT TRUST (FASIT) START-UP; OPERATIONAL AND TRANSITIONAL RULES Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 301; 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ ANPRM 11/04/96 61 FR 56648 ANPRM Comment Period End 12/31/96 NPRM 02/07/00 65 FR 5807 Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Arturo Estrada Phone: 202 622-3900 RIN: 1545-AU94 _______________________________________________________________________ 2713. 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 Final Action To Be Determined 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 _______________________________________________________________________ 2714. SOURCE OF INCOME FROM CERTAIN SPACE AND OCEAN ACTIVITIES AND FOR COMMUNICATIONS INCOME Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/17/01 66 FR 3903 Hearing 05/23/01 66 FR 12916 Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Edward R. Barret Phone: 202 622-3880 RIN: 1545-AW50 _______________________________________________________________________ 2715. CONSTRUCTIVE SALES OF APPRECIATED FINANCIAL POSITIONS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/06 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 _______________________________________________________________________ 2716. 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 _______________________________________________________________________ 2717. NORMAL RETIREMENT AGE FOR PENSION PLANS Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Agency Contact: Janet A. Laufer Phone: 202 622-6090 RIN: 1545-AY61 _______________________________________________________________________ 2718. PAYMENTS FOR INTEREST IN PARTNERSHIP Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/06 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 _______________________________________________________________________ 2719. AMENDMENT TO THE DEFINITION OF REFUNDING Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 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 Agency Contact: Michael P. Brewer Phone: 202 622-3980 RIN: 1545-BA46 _______________________________________________________________________ 2720. ALLOCATION AND APPORTIONMENT RULES: GUIDANCE ON SELECTED ISSUES Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/06 Regulatory Flexibility Analysis Required: No [[Page 27452]] Small Entities Affected: No Government Levels Affected: None Agency Contact: Teresa B. Hughes Phone: 202 622-3850 RIN: 1545-BA64 _______________________________________________________________________ 2721. EARNINGS AND PROFITS ATTRIBUTION PRINCIPLES Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: Next Action Undetermined Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: Undetermined Federalism: Undetermined Agency Contact: Mark R. Pollard Phone: 202 622-3850 RIN: 1545-BA93 _______________________________________________________________________ 2722. MIXED USE OUTPUT FACILITIES Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ ANPRM 09/23/02 67 FR 59767 Next Action Undetermined Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: Local, State Federalism: Undetermined Agency Contact: Rose M. Weber Phone: 202 622-3980 RIN: 1545-BB23 _______________________________________________________________________ 2723. ACCRUAL RULES FOR CREDITABLE FOREIGN TAXES AND GUIDANCE ON CHANGE IN TAXABLE YEAR Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: None Agency Contact: Margaret A. Hogan Phone: 202 622-3850 RIN: 1545-BB27 _______________________________________________________________________ 2724. 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 Comment Period End 10/08/03 Final Action To Be Determined 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 _______________________________________________________________________ 2725. GUIDANCE REGARDING APPLICATION OF SECTION 265(A)(2) AND 246A IN TRANSACTIONS INVOLVING RELATED PARTIES, PASS-THROUGH ENTITIES, OR OTHER INTERMEDIARIES Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ ANPRM 05/07/04 69 FR 25534 NPRM Comment Period End 08/05/04 Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Avital Grunhaus Phone: 202 622-3940 RIN: 1545-BC24 _______________________________________________________________________ 2726. SOLID WASTE DISPOSAL FACILITIES Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 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 Agency Contact: Michael P. Brewer Phone: 202 622-3980 RIN: 1545-BD04 _______________________________________________________________________ 2727. TREATMENT OF FOREIGN STAPLED CORPORATION Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/07/04 69 FR 54067 Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Robert W. Lorence Phone: 202 622-3860 Related RIN: Related to 1545-BD06 RIN: 1545-BD05 _______________________________________________________________________ 2728. [bull] DISCLOSURE OF RETURN INFORMATION TO THE BUREAU OF THE CENSUS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6103(j) CFR Citation: Not Yet Determined Legal Deadline: None Abstract: Under section 6103(j)(1), upon written request from the Secretary of Commerce, the Secretary is to furnish to the Bureau of the Census (Bureau) return information that is prescribed by Treasury regulations for the purpose of, but only to the extent necessary in, structuring censuses and national economic accounts and conducting related statistical activities authorized by law. Section 301.6103(j)(1)-1 of these regulations further defines such purposes by reference to 13 U.S.C. chapter 5 and provides an itemized description of the return information authorized to be disclosed for such purposes. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 03/11/05 70 FR 12166 Final Action 05/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-147195-04 and REG-148864-03 [[Page 27453]] Drafting attorney: James C. O'Leary (202) 622-8543 Treasury atttorney: Michael Desmond (202) 622-1981 CC:DPL:B1 Agency Contact: James C. O'Leary, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC 20224 Phone: 202 622-8543 Related RIN: Related to 1545-BC93, Related to 1545-BE02, Related to 1545-BE01 RIN: 1545-BE08 _______________________________________________________________________ 2729. [bull] DISCLOSURE OF RETURN INFORMATION TO THE DEPARTMENT OF AGRICULTURE Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Legal Authority: 26 USC 6103(j)(5) CFR Citation: 26 CFR 301 Legal Deadline: None Abstract: This proposed regulation relates to return information to be disclosed to the Department of Agriculture for use in conducting the Census of Agriculture. The regulation will conform the language in the current regulation at 26 CFR 301.6103(j)(5)-1 to the language adopted in the recently published regulation pertaining to disclosures to the Bureau of the Census at 26 CFR 301.6103(j)(1)-1. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/06/03 68 FR 33857 Final Action 06/00/06 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Federal Additional Information: REG-103809-03 Drafting attorney: Deborah C. Lambert-Dean (202) 622-4570 Treasury attorney: Michael Desmond (202) 622-1981 CC: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-BE15 _______________________________________________________________________ 2730. [bull] 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 To Be Determined 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: Robert Berkovsky (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 _______________________________________________________________________ Department of the Treasury (TREAS) Completed Actions Internal Revenue Service (IRS) _______________________________________________________________________ 2731. FOREIGN TRUSTS REGULATIONS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Withdrawn 01/07/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: M. Grace Fleeman Phone: 202 622-3880 RIN: 1545-AR25 _______________________________________________________________________ 2732. SOURCE RULES FOR PAYMENTS MADE PURSUANT TO CERTAIN SWAP ARRANGEMENTS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Withdrawn 03/15/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Theodore D. Setzer Phone: 202 622-3870 RIN: 1545-AU89 _______________________________________________________________________ 2733. CASH OR DEFERRED ARRANGEMENTS (TEMPORARY) Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Temporary Regulations Completed by TD 9169 12/29/04 69 FR 78144 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: None Agency Contact: R. Lisa Mojiri-Azad [[Page 27454]] Phone: 202 622-6080 Related RIN: Related to 1545-AX26 RIN: 1545-AX43 _______________________________________________________________________ 2734. HIPAA PORTABILITY Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 54 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9166 12/30/04 69 FR 78720 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Russell Weinheimer Phone: 202 622-6080 RIN: 1545-AX84 _______________________________________________________________________ 2735. INFORMATION REPORTING ON CANCELLATION OF INDEBTEDNESS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9160 10/25/04 69 FR 62181 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Joseph P. Dewald Phone: 202 622-4910 RIN: 1545-AY35 _______________________________________________________________________ 2736. NEW MARKET TAX CREDIT Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9171 12/28/04 69 FR 77625 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Paul F. Handleman Phone: 202 622-3040 RIN: 1545-AY87 _______________________________________________________________________ 2737. GASOLINE TAX CLAIMS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 48 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Withdrawn 03/18/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses, Governmental Jurisdictions Government Levels Affected: Local, State, Tribal Agency Contact: Susan Athy Phone: 202 622-3130 RIN: 1545-BA27 _______________________________________________________________________ 2738. TREATMENT OF CERTAIN OBLIGATION-SHIFTING TRANSACTIONS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Withdrawn 03/16/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Jeffrey L. Vinnik Phone: 202 622-3840 RIN: 1545-BA41 _______________________________________________________________________ 2739. MULTIFAMILY HOUSING BONDS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Withdrawn 03/18/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Local, State Agency Contact: Rose M. Weber Phone: 202 622-3980 RIN: 1545-BA45 _______________________________________________________________________ 2740. LOSS LIMITATION RULES Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1; 26 CFR 602 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9187 03/03/05 70 FR 10319 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Martin T. Huck Phone: 202 622-7216 Related RIN: Related to 1545-BA51, Related to 1545-BA74 RIN: 1545-BA52 _______________________________________________________________________ 2741. MODIFICATION OF CHECK THE BOX REGULATIONS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1; 26 CFR 301 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9183 02/25/05 70 FR 9220 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: None Agency Contact: James M. Gergurich Phone: 202 622-3070 RIN: 1545-BA59 _______________________________________________________________________ 2742. CIRCULAR 230--TAX SHELTER AMENDMENTS Priority: Substantive, Nonsignificant CFR Citation: 31 CFR 10 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9165 12/20/04 69 FR 75839 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Brinton T. Warren Phone: 202 622-7800 RIN: 1545-BA70 [[Page 27455]] _______________________________________________________________________ 2743. TESTIMONY AUTHORIZATIONS AND REQUESTS FOR IRS INFORMATION Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. CFR Citation: 26 CFR 301 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9178 02/14/05 70 FR 7396 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Scott E. Powers Phone: 202 622-4580 RIN: 1545-BB15 _______________________________________________________________________ 2744. AUTHORIZATION FOR IRS TO CHARGE FEES FOR COPYING EXEMPT ORGANIZATION RETURNS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 301 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9173 01/05/05 70 FR 704 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Sarah Tate Phone: 202 622-4560 Related RIN: Related to 1545-BB22 RIN: 1545-BB21 _______________________________________________________________________ 2745. EXTENSION OF TIME FOR FILING RETURNS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1; 26 CFR 25; 26 CFR 31; 26 CFR 53; 26 CFR 55; 26 CFR 156; . . . Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9163 12/07/04 69 FR 70547 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Sanford Kelsey Phone: 202 622-4940 RIN: 1545-BB29 _______________________________________________________________________ 2746. INFORMATION REPORTING RELATING TO TAXABLE STOCK TRANSACTIONS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9101 12/30/03 68 FR 75119 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Nancy L. Rose Phone: 202 622-4910 Related RIN: Related to 1545-BB40 RIN: 1545-BB60 _______________________________________________________________________ 2747. SAFE HARBOR LEASING SECOND INTEREST CAPITALIZATION Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9179 02/23/05 70 FR 8729 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Grant D. Anderson Phone: 202 622-4930 Related RIN: Related to 1545-BB63 RIN: 1545-BB62 _______________________________________________________________________ 2748. USE OF GOVERNMENT DEPOSITORIES IN CONNECTION WITH TAX UNDER THE FEDERAL UNEMPLOYMENT TAX ACT Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 31 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9162 12/01/04 69 FR 69819 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Heather L. Dostaler Phone: 202 622-4940 Related RIN: Related to 1545-BB67 RIN: 1545-BB66 _______________________________________________________________________ 2749. USE OF GOVERNMENT DEPOSITORIES IN CONNECTION WITH TAX UNDER THE FEDERAL UNEMPLOYMENT TAX ACT Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 31 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Withdrawn 03/18/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Heather L. Dostaler Phone: 202 622-4940 Related RIN: Related to 1545-BB66 RIN: 1545-BB67 _______________________________________________________________________ 2750. QUALIFIED INTERESTS Priority: Info./Admin./Other CFR Citation: 26 CFR 25 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9181 02/25/05 70 FR 9222 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Juli Ro Kim Phone: 202 622-3090 RIN: 1545-BB72 _______________________________________________________________________ 2751. GUIDANCE ON LIFE INSURANCE AND ANNUITY CONTRACTS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 [[Page 27456]] Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9185 03/01/05 70 FR 9869 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: James Polfer Phone: 202 622-3970 RIN: 1545-BB77 _______________________________________________________________________ 2752. NEW MARKETS TAX CREDIT AMENDMENTS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9171 12/28/04 69 FR 77625 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Paul F. Handleman Phone: 202 622-3040 Related RIN: Related to 1545-BC02 RIN: 1545-BC03 _______________________________________________________________________ 2753. TAX EXEMPT BOND PARTNERSHIP REPORTING REGULATION Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9177 02/11/05 70 FR 7176 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: David A. Shulman Phone: 202 622-3080 Related RIN: Related to 1545-BC01 RIN: 1545-BC04 _______________________________________________________________________ 2754. TIMING AND MODIFICATION OF THE SECTION 59(E) ELECTION Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Hearing 12/07/04 69 FR 64546 Final Action Completed by TD 9178 12/22/04 69 FR 76618 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Eric B. Lee Phone: 202 622-3120 RIN: 1545-BC13 _______________________________________________________________________ 2755. ADJUSTMENT TO NET UNREALIZED BUILT-IN GAIN Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9180 02/23/05 70 FR 8727 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: None Agency Contact: Jennifer D. Sledge Phone: 202 622-7750 RIN: 1545-BC29 _______________________________________________________________________ 2756. ELIMINATION OF FORMS OF DISTRIBUTION IN DEFINED CONTRIBUTION PLANS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9176 01/25/05 70 FR 3475 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Vernon S. Carter Phone: 202 622-6060 RIN: 1545-BC35 _______________________________________________________________________ 2757. INFORMATION REPORTING RELATING TO TAXABLE STOCK TRANSACTIONS (TEMPORARY) Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9101 02/17/04 69 FR 7350 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Nancy L. Rose Phone: 202 622-4910 Related RIN: Related to 1545-BB40, Related to 1545-BB60, Related to 1545-BC79 RIN: 1545-BC80 _______________________________________________________________________ 2758. STUDENT FICA GUIDANCE Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9167 12/21/04 69 FR 76404 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: John B. Richards Phone: 202 622-6040 RIN: 1545-BC81 _______________________________________________________________________ 2759. INTEREST ON LARGE CORPORATE UNDERPAYMENTS UNDER SECTION 6621(C) Priority: Info./Admin./Other CFR Citation: 26 CFR 301 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Further Action Not Contemplated At This Time 05/05/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Michelle B. Baxter [[Page 27457]] Phone: 202 622-4910 RIN: 1545-BD22 _______________________________________________________________________ 2760. BRIEF ASSET HOLDING PERIOD (TEMPORARY) Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Withdrawn 01/04/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Tara P. Volungis Phone: 202 622-3080 RIN: 1545-BD38 _______________________________________________________________________ 2761. BRIEF ASSET HOLDING PERIOD Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Withdrawn 01/04/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Tara P. Volungis Phone: 202 622-3080 RIN: 1545-BD39 _______________________________________________________________________ 2762. UNDERPAYMENT FOR QUALIFIED AMENDED RETURNS (TEMPORARY) Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9186 03/02/05 70 FR 10037 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: None Agency Contact: Nancy M. Galib Phone: 202 622-7022 Related RIN: Related to 1545-BD40 RIN: 1545-BD42 _______________________________________________________________________ 2763. SALARY REDUCTION AGREEMENT UNDER SECTION 312(A)(5)(D) (TEMPORARY) Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 31 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Temporary Regulation Completed by TD 9159 11/16/04 69 FR 67054 Regulatory Flexibility Analysis Required: No Small Entities Affected: Governmental Jurisdictions, Organizations Government Levels Affected: Local, State Agency Contact: Neil D. Shepherd Phone: 202 622-6040 Related RIN: Related to 1545-BB64 RIN: 1545-BD50 _______________________________________________________________________ 2764. REMIC RESIDUALS-FOREIGN HOLDERS (TEMPORARY) Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Withdrawn 03/18/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Arturo Estrada Phone: 202 622-3900 RIN: 1545-BD66 _______________________________________________________________________ 2765. REMOVAL OF SECTION 6661 REGULATIONS Priority: Info./Admin./Other CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9174 01/05/05 70 FR 704 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Audra M. Dineen Phone: 202 622-4940 RIN: 1545-BD75 _______________________________________________________________________ 2766. [bull] SECTION 1374 EFFECTIVE DATES (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 337; 26 USC 1374; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: Final, Statutory, December 20, 2007. Abstract: Section 1374(a) of the Internal Revenue Code imposes a tax on recognized built-in gains on assets held by a corporation when it converted from a C corporation to an S corporation. This provision is generally effective for corporations that had made S corporation elections after December 31, 1986 (or for certain gains of certain ``small'' corporations, December 31, 1988). Section 1374(d)(8) imposes a tax on recognized built-in gains on assets received from a C corporation to an S corporation in a carryover basis transaction. The proposed regulations clarify that: 1) section 1374(a) applies to a corporation if it initially elected S status before the applicable section 1374(a) effective date, but then returned to C corporation status and made a new S corporation election after the applicable section 1374 effective date; and 2) section 1374(d)(8) applies to a carryover basis transaction that occurs after December 31, 1986 (or, if applicable, December 31, 1988), regardless of when the transferee S corporation elected S status. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulation Completed by TD 9170 12/22/04 69 FR 76612 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: REG-139683-04 Drafting attorney: Stephen R. Cleary (202) 622-7750 Reveiwing attorney: Lisa Fuller (202) 622-7750 Treasury attorney: Matthew Lay (202) 622-9858 CC:COR Agency Contact: Stephen R. Cleary, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 [[Page 27458]] Phone: 202 622-7750 Related RIN: Related to 1545-BD95 RIN: 1545-BD99 _______________________________________________________________________ 2767. [bull] DISCLOSURE OF RETURN INFORMATION TO THE BUREAU OF THE CENSUS (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6103 CFR Citation: 26 CFR 301 Legal Deadline: None Abstract: Under section 6103(j)(1), upon written request from the Secretary of Commerce, the Secretary is to furnish to the Bureau of the Census (Bureau) return information that is prescribed by Treasury regulations for the purpose of, but only to the extent necessary in, structuring censuses and national economic accounts and conducting related statistical activities authorized by law. Section 301.6103 (j)(1)-1 of these regulations further defines such purposes by reference to 13 U.S.C. chapter 5 and provides an itemized description of the return information authorized to be disclosed for such purposes. This document adopts temporary regulations that authorize IRS to disclose the additional items of return information that have been requested by the Secretary of Commerce for specified purposes related to the SAIPE program. The temporary regulations also remove certain items of return information that are enumerated in the existing regulations but that the Secretary of Commerce has indicated are no longer needed. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulation 03/11/05 70 FR 12140 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-147195-04 and REG-148864-03 Drafting attorney: James C. O'Leary (202) 622-8543 Treasury attorney: Michael Desmond (202) 622-1981 CC:DPL:B1 Agency Contact: James C. O'Leary, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Ave NW, Washington, DC 20224 Phone: 202 622-8543 Related RIN: Related to 1545-BE08, Related to 1545-BC93, Related to 1545-BE02 RIN: 1545-BE01 _______________________________________________________________________ 2768. [bull] RETURN REQUIRED ON MAGNETIC MEDIA (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6011 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The temporary regulations require certain corporations and organizations to file their Form 1120, ``U.S. Corporation Income Tax Return,'' Form 1120S, ``U.S. Income Tax Return for an S Corporation,'' Form 990, ``Return of Organization Exempt From Income Tax,'' and Form 990-PF, ``Return of Private Foundation or Section 4947(a)(1) Trust Treated as a Private Foundation,'' electronically. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9175 01/12/05 70 FR 2012 Regulatory Flexibility Analysis Required: No Small Entities Affected: Organizations Government Levels Affected: None Additional Information: REG-130671-04 Drafting attorney: Michael E. Hara (202) 622-4910 Treasury attorney: Michael Desmond (202) 622-1981 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 Related RIN: Related to 1545-BD65 RIN: 1545-BE19 BILLING CODE 4830--01--S _______________________________________________________________________ Department of the Treasury (TREAS) Prerule Stage Office of Thrift Supervision (OTS) _______________________________________________________________________ 2769. [bull] RISK-BASED CAPITAL GUIDELINES; CAPITAL ADEQUACY GUIDELINES; MAINTENANCE: DOMESTIC CAPITAL MODIFICATIONS 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 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 applicable to smaller banking organizations. The revisions are 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 Accord, and smaller banks that will not be subject to these advanced approaches. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ ANPRM 07/00/05 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 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 [[Page 27459]] 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 _______________________________________________________________________ Department of the Treasury (TREAS) Proposed Rule Stage Office of Thrift Supervision (OTS) _______________________________________________________________________ 2770. 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 06/00/05 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 _______________________________________________________________________ 2771. 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. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 11/00/05 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 [[Page 27460]] 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 _______________________________________________________________________ 2772. IDENTITY THEFT DETECTION, PREVENTION, AND MITIGATION PROGRAM FOR FINANCIAL INSTITUTIONS AND CREDITORS Priority: Substantive, Nonsignificant Legal Authority: 15 USC 1681m CFR Citation: Not Yet Determined Legal Deadline: None Abstract: The banking agencies, NCUA, and FTC also plan to issue a proposed rule implementing section 114 of the FACT Act, which 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. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/05 Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: Undetermined 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 _______________________________________________________________________ Department of the Treasury (TREAS) Final Rule Stage Office of Thrift Supervision (OTS) _______________________________________________________________________ 2773. FAIR CREDIT REPORTING MEDICAL INFORMATION REGULATIONS Priority: Substantive, Nonsignificant Legal Authority: 15 USC 1681b; 15 USC 1681s CFR Citation: 12 CFR 571 Legal Deadline: Final, Statutory, June 4, 2004. Creditors may not use a consumer's medical information to make credit determinations, except in accordance with the Fair and Accurate Credit Transactions Act of 2003 (FACT Act). In accordance with section 411 of the FACT Act (15 U.S.C. 1681b(g)(5)(A) and (g)(5)(B), the Federal banking agencies and the NCUA must, after notice and comment, issue regulations on necessary and appropriate access by creditors to medical information. Final regulations must be issued by June 4, 2004. Abstract: The Office of the Comptroller of the Currency, Federal Reserve Board, Federal Deposit Insurance Corporation, Office of Thrift Supervision, and National Credit Union Administration published for comment proposed regulations implementing section 411 of the Fair and Accurate Credit Transactions Act of 2003 (FACT Act). The FACT Act substantially amends the Fair Credit Reporting Act (FCRA), 15 U.S.C. 1681 et seq. Section 411(a) of the FACT Act adds a new section 604(g)(1) to the FCRA to prohibit creditors from obtaining or using medical information pertaining to a consumer in connection with any determination of the consumer's eligibility, or continued eligibility, for credit. In addition, section 411(b) of the FACT Act adds a new section 603(d)(3) to the FCRA to restrict the sharing of medical information and related lists or descriptions with affiliates. The Agencies received comments from approximately 40 entities (and individuals). The Agencies are developing a final rule. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/28/04 69 FR 23380 NPRM Comment Period End 05/28/04 Final Rule 08/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: Undetermined Agency Contact: Cindy Baltierra, Program Analyst (Compliance), Consumer Protection and Specialized Programs, Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552 Phone: 202 906-6540 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-AB88 _______________________________________________________________________ 2774. FAIR CREDIT REPORTING AFFILIATE MARKETING REGULATIONS Priority: Substantive, Nonsignificant 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 of the FCRA. This new [[Page 27461]] 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 soliciation 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 comments are currently under review at the various agencies. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/15/04 69 FR 42502 NPRM Comment Period End 08/16/04 Final Rule 09/00/05 Regulatory Flexibility Analysis Required: Yes Small Entities Affected: Businesses Government Levels Affected: None Agency Contact: Cindy Baltierra, Program Analyst (Compliance), Consumer Protection and Specialized Programs, Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552 Phone: 202 906-6540 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 _______________________________________________________________________ 2775. EGRPRA REGULATORY REVIEW--APPLICATION AND REPORTING REQUIREMENTS Priority: Substantive, Nonsignificant Legal Authority: 5 USC 552; 5 USC 559; 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 1828 note; 12 USC 1831i; 12 USC 1831o; 12 USC 2810 et seq; 12 USC 2901 et seq; 12 USC 3806; 15 USC 1691; 31 USC 5318; 42 USC 1981; 42 USC 1982; 42 USC 3601 to 3619; 42 USC 4106; 44 USC 3501 et seq CFR Citation: 12 CFR 506; 12 CFR 516; 12 CFR 528; 12 CFR 543 to 545; 12 CFR 552; 12 CFR 559; 12 CFR 563; 12 CFR 567; 12 CFR 574; 12 CFR 575 Legal Deadline: None Abstract: As part of its review of regulations under section 2222 of the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (Pub. L. 104-208, September 30, 1996) (EGRPRA), OTS is reducing regulatory burden on savings associations by updating and revising various application and reporting requirements. Specifically, OTS is: (1) modifying the branch office and agency office application and notice requirements; (2) harmonizing publication and public comment procedures for various applications and notices; and (3) revising the meeting procedures. OTS is also eliminating various obsolete rules. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 11/24/04 69 FR 68239 Interim Final Rule Effective 01/01/05 Interim Final Rule Comment Period End 01/24/05 Final Rule 08/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Josephine Battle, Program Analyst (Thrift Policy), Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552 Phone: 202 906-6870 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 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 Gary Jeffers, Senior Attorney, Business Transactions Division, Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552 Phone: 202 906-6457 RIN: 1550-AB93 _______________________________________________________________________ 2776. [bull] SPECIAL RULES FOR ADJUDICATORY PROCEEDINGS FOR CERTAIN HOLDING COMPANIES Priority: Substantive, Nonsignificant Legal Authority: 5 USC 504; 5 USC 554 to 557; 12 USC 1464; 12 USC 1467; 12 USC 1467a; 12 USC 1468; 12 USC 1817(j); 12 USC 1818; 12 USC 3349; 12 USC 4717; 15 USC 78(l); 15 USC 78o-5; 15 USC 78u-2; 28 USC 2461 note; 31 USC 5321; 42 USC 4012a CFR Citation: 12 CFR 509 Legal Deadline: None Abstract: OTS is adding a new subpart to its Rules of Practice and Procedure in Adjudicatory Proceedings to provide for expedited processing of certain actions to determine if a company is exercising a controlling influence over the management or policies of a savings association or savings and loan holding company (collectively, savings association) for certain purposes under section 10 of the Home Owners' Loan Act, 12 U.S.C. 1467a (HOLA). The new proceedings will be used only to determine if a company has acquired a controlling influence over the management or policies of a savings association for purposes of those subsections of section 10 other than subsections (c), (d), (f), (h)(2), (m), (n), (q), and (s). Under the new procedure, a company that holds at least one percent but no more than ten percent of the stock of a savings association may be found to control that savings association, thereby becoming an OTS-regulated entity. [[Page 27462]] Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 03/02/05 70 FR 10021 Interim Final Rule Effective 04/01/05 Interim Final Rule Comment Period End 05/02/05 Final Rule 06/00/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Donna Deale, Assistant Managing Director, Examinations and Supervision Policy, Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552 Phone: 202 906-7488 Aaron Kahn, Special Counsel, Business Transactions Division, Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552 Phone: 202 906-6263 RIN: 1550-AB96 _______________________________________________________________________ Department of the Treasury (TREAS) Long-Term Actions Office of Thrift Supervision (OTS) _______________________________________________________________________ 2777. 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) _______________________________________________________________________ 2778. PROPER DISPOSAL OF CONSUMER INFORMATION UNDER THE FAIR AND ACCURATE CREDIT TRANSACTIONS ACT OF 2003 Priority: Substantive, Nonsignificant CFR Citation: 12 CFR 568; 12 CFR 570; 12 CFR 571 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Rule 12/28/04 69 FR 77610 Final Rule Effective 07/01/05 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Richard Bennett Phone: 202 906-7409 Glenn S. Gimble Phone: 202 906-7158 Lewis C. Angel Phone: 202 906-5645 RIN: 1550-AB87 _______________________________________________________________________ 2779. COMMUNITY REINVESTMENT ACT REGULATIONS (TECHNICAL AMENDMENT) Priority: Substantive, Nonsignificant CFR Citation: 12 CFR 563e Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Rule 03/28/05 70 FR 15570 Final Rule Effective 03/28/05 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-AB91 _______________________________________________________________________ 2780. [bull] RULES OF PRACTICE AND PROCEDURE IN ADJUDICATORY PROCEEDINGS; CIVIL MONEY PENALTY INFLATION ADJUSTMENT Priority: Substantive, Nonsignificant Legal Authority: 5 USC 504; 5 USC 554 to 557; 12 USC 1464; 12 USC 1467; 12 USC 1467a; 12 USC 1468; 12 USC 1817(j); 12 USC 1818; 12 USC 3349; 12 USC 4717; 15 USC 78(l); 15 USC 78o-5; 15 USC 78u-2; 28 USC 2461 note; 31 USC 5321; 42 USC 4012a CFR Citation: 12 CFR 509 Legal Deadline: None Abstract: The Federal Civil Penalties Inflation Adjustment Act of 1990 requires all Federal agencies with statutory authority to impose civil money penalties (CMPs) to evaluate and adjust those CMPs every four years. Prior to this rulemaking, OTS last adjusted its CMP statutes in 2000. Consequently, OTS issued this final rule to implement the required adjustments to OTS's CMP statutes. [[Page 27463]] Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Final Rule 11/04/04 69 FR 64249 Final Rule Effective 11/04/04 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Timothy Leary, Special Counsel for BSA Compliance, Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552 Phone: 202 906-7170 RIN: 1550-AB95 _______________________________________________________________________ 2781. [bull] INTERAGENCY GUIDANCE ON RESPONSE PROGRAMS FOR UNAUTHORIZED ACCESS TO CUSTOMER INFORMATION AND CUSTOMER NOTICE Priority: Substantive, Nonsignificant 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 1681s; 15 USC 1681w; 15 USC 6801; 15 USC 6805(b)(1) CFR Citation: 12 CFR 568; 12 CFR 570 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 OTS (the Agencies) are publishing an interpretation of the Gramm-Leach-Bliley Act and the Interagency Guidelines Establishing Information Security Standards (Security Guidelines). This interpretive guidance, titled ``Interagency Guidance on Response Programs for Unauthorized Access to Customer Information and Customer Notice'' (final Guidance), is being published as a supplement to the Security Guidelines in the Code of Federal Regulations in order to make the interpretation more accessible to financial institutions and to the general public. The final Guidance will clarify the responsibilities of financial institutions under applicable Federal law. OTS is also making a conforming, technical change to its Security Procedures Rule. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Final Rule 03/29/05 70 FR 15736 Final Rule Effective 03/29/05 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Undetermined Agency Contact: Lewis C. Angel, Technology Program Manager, Information Technology Risk Management IFS Protection, Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552 Phone: 202 906-5645 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-AB97 [FR Doc. 05-7662 Filed 05-13-05; 8:45 am] BILLING CODE 6720-01-S