[May 27, 2003 (Volume 68, Number 101)] [Unified Agenda] From the Federal Register Online via GPO Access [frwais.access.gpo.gov] [Page 30760-30890] ----------------------------------------------------------------------- Part XVI Department of the Treasury ----------------------------------------------------------------------- Semiannual Regulatory Agenda [[Page 30760]] 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: For additional information about a specific entry in the agenda, contact the Agency Contact identified in the item relating to that regulation. SUPPLEMENTARY INFORMATION: The semiannual agenda of the Department of the Treasury conforms to the Unified Agenda format developed by the Regulatory Information Service Center (RISC). The Homeland Security Act of 2002 transferred the United States Customs Service from the Treasury Department to the new Department of Homeland Security (DHS). That Act, however, provides that the Secretary of the Treasury retains the regulatory authority for what the Act defines as customs revenue functions, but provides the Secretary of the Treasury plenary power to delegate such authority to the Secretary of Homeland Security. For this reason, Customs regulations continue to be listed in Treasury's portion of this semiannual regulatory agenda. Dated: April 15, 2003. Richard S. Carro, Senior Advisor to the General Counsel for Regulatory Affairs. Departmental Offices--Proposed Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identification Number Number ---------------------------------------------------------------------------------------------------------------- 2355 12 CFR 1805 Community Development Financial Institutions (CDFI) Program NPRM........ 1505-AA93 2356 17 CFR 403.4 Amendments to the Government Securities Act Regulations: Customer 1505-AA94 Protection-Reserves and Custody of Securities....................................... 2357 31 CFR 50 Terrorism Risk Insurance Program.......................................... 1505-AA98 2358 31 CFR 50 Terrorism Risk Insurance Program.......................................... 1505-AA99 ---------------------------------------------------------------------------------------------------------------- Departmental Offices--Final Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identification Number Number ---------------------------------------------------------------------------------------------------------------- 2359 48 CFR ch 10 Department of the Treasury Acquisition Regulation...................... 1505-AA89 2360 31 CFR 5 Treasury Debt Collection................................................... 1505-AA90 2361 31 CFR 501 Reporting and Procedures Regulations; Cuban Assets Control Regulations: 1505-AA95 Publication of Economic Sanctions Enforcement Guidelines............................ 2362 31 CFR 50 Terrorism Risk Insurance Program.......................................... 1505-AA96 2363 31 CFR 1.8 to 1.12 Disclosure of Records in Litigation.............................. 1505-AA97 ---------------------------------------------------------------------------------------------------------------- Departmental Offices--Long-Term Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identification Number Number ---------------------------------------------------------------------------------------------------------------- 2364 31 CFR ch II Possible Regulation of Access to Accounts at Financial Institutions 1505-AA74 Through Payment Service Providers................................................... 2365 Financial Activities of Financial Subsidiaries...................................... 1505-AA80 2366 Financial Subsidiaries.............................................................. 1505-AA81 2367 12 CFR 1501.2 Secretary's Determination of Real Estate Brokerage.................... 1505-AA84 2368 12 CFR 1501.2 Secretary's Determination of Other Activities Financial in Nature..... 1505-AA85 2369 31 CFR 19 Common Rule Suspension and Debarment...................................... 1505-AA86 2370 12 CFR 1806 Bank Enterprise Award (BEA) Program..................................... 1505-AA91 2371 12 CFR 1805 Community Development Financial Institutions (CDFI) Program............. 1505-AA92 ---------------------------------------------------------------------------------------------------------------- [[Page 30761]] Departmental Offices--Completed Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identification Number Number ---------------------------------------------------------------------------------------------------------------- 2372 17 CFR 420 Amendments to the Large Position Rules................................... 1505-AA88 ---------------------------------------------------------------------------------------------------------------- Financial Crimes Enforcement Network--Prerule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identification Number Number ---------------------------------------------------------------------------------------------------------------- 2373 Customer Identification Programs for Travel Agents.................................. 1506-AA38 2374 Customer Identification Programs for Pawn Brokers................................... 1506-AA39 2375 Customer Identification Programs for Sellers of Vehicles............................ 1506-AA41 ---------------------------------------------------------------------------------------------------------------- Financial Crimes Enforcement Network--Proposed Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identification Number Number ---------------------------------------------------------------------------------------------------------------- 2376 31 CFR 103 Amendment to the Bank Secrecy Act Regulations--Delegation of Authority To 1506-AA08 Assess Civil Money Penalties on Depository Institutions............................. 2377 31 CFR 103.65 Amendments to the Bank Secrecy Act Regulations--Requirement That 1506-AA28 Financial Institutions Establish Anti-Money Laundering Programs..................... 2378 Customer Identification Programs for Loan and Finance Companies..................... 1506-AA40 2379 31 CFR 103.184 Imposition of Special Measures Against the Country of Nauru.......... 1506-AA43 2380 31 CFR 103.11 Requirement That Futures Commission Merchants and Introducing Brokers 1506-AA44 in Commodities Report Suspicious Transactions....................................... ---------------------------------------------------------------------------------------------------------------- Financial Crimes Enforcement Network--Final Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identification Number Number ---------------------------------------------------------------------------------------------------------------- 2381 31 CFR 103 Amendment to the Bank Secrecy Act Regulations Regarding Reporting of 1506-AA15 Cross-Border Transportation of Certain Monetary Instruments......................... 2382 31 CFR 103 Amendment to the Bank Secrecy Act Regulations--Exemptions From the 1506-AA23 Requirement to Report Transactions in Currency...................................... 2383 31 CFR 103.30 Amendment to the Bank Secrecy Act Regulations--Requirement that 1506-AA25 Nonfinancial Trades or Businesses Report Certain Currency Transactions.............. 2384 31 CFR 103.175-103.178 Due Diligence Requirements for Correspondent Accounts and 1506-AA29 Private Banking Accounts............................................................ 2385 31 CFR 103.121 Customer Identification Programs for Banks, Savings Associations, and 1506-AA31 Credit Unions....................................................................... 2386 31 CFR 103.122 Customer Identification Program for Broker-Dealers................... 1506-AA32 2387 31 CFR 103.131 Customer Identification Program for Mutual Funds..................... 1506-AA33 2388 31 CFR 103.16 Financial Crimes Enforcement Network; Amendment to the Bank Secrecy 1506-AA36 Act Regulations Requirement That Insurance Companies Report Suspicious Transactions. 2389 31 CFR 103.15 Amendment to the Bank Secrecy Act Regulations--Requirement That Mutual 1506-AA37 Funds Report Suspicious Transactions................................................ 2390 31 CFR 103.56 Financial Crimes Enforcement Network; Delegation of Enforcement 1506-AA45 Authority Regarding the Foreign Bank Account Report Requirements.................... ---------------------------------------------------------------------------------------------------------------- Financial Crimes Enforcement Network--Long-Term Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identification Number Number ---------------------------------------------------------------------------------------------------------------- 2391 31 CFR 103 Amendments to the Bank Secrecy Act Regulations--Special Reporting and 1506-AA19 Recordkeeping Requirements--Money Services Businesses (MSBs)........................ ---------------------------------------------------------------------------------------------------------------- [[Page 30762]] Financial Crimes Enforcement Network--Completed Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identification Number Number ---------------------------------------------------------------------------------------------------------------- 2392 31 CFR 103.20 Financial Crimes Enforcement Network; Amendment to the Bank Secrecy 1506-AA34 Act Regulations--Requirement that Currency Exchangers Report Suspicious Transactions ---------------------------------------------------------------------------------------------------------------- Financial Management Service--Proposed Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identification Number Number ---------------------------------------------------------------------------------------------------------------- 2393 31 CFR 240 Indorsement and Payment of Checks Drawn on the United States Treasury.... 1510-AA45 2394 31 CFR 245 Claims on Account of Treasury Checks..................................... 1510-AA51 2395 31 CFR 203 Payment of Federal Taxes and the Treasury Tax and Loan Program........... 1510-AA79 2396 31 CFR 206 Management of Federal Agency Receipts and Disbursements; Operation of the 1510-AA86 Cash Management Improvement Fund.................................................... 2397 31 CFR 215 Withholding of District of Columbia, State, City, and County Income, or 1510-AA90 Employment Taxes by Federal Agencies................................................ ---------------------------------------------------------------------------------------------------------------- Financial Management Service--Final Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identification Number Number ---------------------------------------------------------------------------------------------------------------- 2398 31 CFR 281 Foreign Exchange Operations.............................................. 1510-AA48 2399 31 CFR 256 Payments Under Judgment and Private Relief Acts.......................... 1510-AA52 2400 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...................... 2401 31 CFR 285.7 Salary Offset.......................................................... 1510-AA70 2402 31 CFR 285.8 Offset of Tax Refund Payment To Collect State Income Tax Obligations... 1510-AA78 2403 31 CFR 210 2003 ACH Rules........................................................... 1510-AA89 2404 31 CFR 901.9 Federal Claims Collection Standard--Collection by Installments......... 1510-AA91 ---------------------------------------------------------------------------------------------------------------- Financial Management Service--Long-Term Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identification Number Number ---------------------------------------------------------------------------------------------------------------- 2405 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)....... 2406 31 CFR 285.14 Public Dissemination of Identity of Delinquent Debtors................ 1510-AA72 2407 31 CFR 223 Surety Bond Reimbursement Fund........................................... 1510-AA85 ---------------------------------------------------------------------------------------------------------------- Tax and Trade Bureau--Proposed Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identification Number Number ---------------------------------------------------------------------------------------------------------------- 2408 27 CFR 252 Exportation of Liquors................................................... 1513-AA00 2409 27 CFR 7 Revision of Brewery Regulations and Issuance of Regulations for Taverns on 1513-AA02 Brewery Premises (Brewpubs)......................................................... 2410 27 CFR 4 Prohibition of Alcohol Beverage Containers and Standard of Fill for 1513-AA07 Distilled Spirits and Wine.......................................................... 2411 27 CFR 4 Amended Standard of Identity for Sherry.................................... 1513-AA08 2412 27 CFR 7 Flavored Malt Beverages.................................................... 1513-AA12 2413 27 CFR 270 Determination of Tax and Recordkeeping on Large Cigars................... 1513-AA16 2414 27 CFR 24 Production of Dried Fruit and Honey Wines................................. 1513-AA21 2415 27 CFR 9 Petition To Establish the ``Santa Barbara Highlands'' Viticultural Area.... 1513-AA24 2416 27 CFR 44 Regulatory Changes From Customs Service Final Rule (2001R-140T)........... 1513-AA26 [[Page 30763]] 2417 27 CFR 40 Shipments of Tobacco Products or Cigarette Papers or Tubes Without Payment 1513-AA27 of Tax.............................................................................. 2418 27 CFR 9 Proposed ``San Bernabe'' Viticultural Area................................. 1513-AA28 2419 27 CFR 9 Petition To Establish the ``Trinity Lake'' Viticultural Area............... 1513-AA29 2420 27 CFR 45 Removal of Tobacco Products and Cigarette Papers and Tubes Without Payment 1513-AA38 of Tax for Use of the United States................................................. 2421 27 CFR 9 Petition To Establish ``Eola Hills'' as a New American Viticultural Area... 1513-AA41 2422 27 CFR 4 Proposed Addition of New Grape Variety Names for American Wines............ 1513-AA42 2423 27 CFR 9 Petition To Establish ``Columbia Gorge'' as a New American Viticultural 1513-AA43 Area................................................................................ 2424 27 CFR 40 Marks, Labels, Notices and Bonds for, and Removal of, Tobacco Products, 1513-AA49 and Cigarette Papers and Tubes...................................................... 2425 27 CFR 9 Petition To Establish ``Dundee Hills'' as a New American Viticultural Area. 1513-AA50 2426 27 CFR 9 Petition To Establish ``Santa Maria Bench'' as a New American Viticultural 1513-AA51 Area................................................................................ 2427 27 CFR 40 In-Transit Stops of Tobacco Products, and Cigarette Papers and Tubes 1513-AA52 Without Payment of Tax.............................................................. 2428 27 CFR 9 Petition To Establish ``Snake River Valley'' as a New Viticultural Area.... 1513-AA53 2429 27 CFR 9 Petition To Expand the Livermore Valley Viticultural Area.................. 1513-AA54 2430 27 CFR 9 San Francisco Bay and Central Coast Viticultural Areas--Boundary 1513-AA55 Realignment/Expansion............................................................... 2431 27 CFR 9 Petition To Establish ``Upper Arroyo Grande'' as a New American 1513-AA56 Viticultural Area................................................................... 2432 27 CFR 9 Petition To Establish ``Chehalem Mountains'' as a New American Viticultural 1513-AA57 Area................................................................................ 2433 27 CFR 9 Petition To Establish ``Ribbon Ridge'' as a New American Viticultural Area. 1513-AA58 2434 27 CFR 9 Petition To Establish ``Yamhill-Carlton District'' as a New American 1513-AA59 Viticultural Area................................................................... 2435 Electronic Signatures; Electronic Submission of Forms to TTB (2000R-458P)........... 1513-AA61 2436 Petition To Establish ``McMinnville'' as an American Viticultural Area in Oregon.... 1513-AA63 2437 Petition To Establish the ``Fort Ross Seaview'' Viticultural Area................... 1513-AA64 2438 Petition To Establish the ``Alexander Mountain'' Viticultural Area.................. 1513-AA65 2439 27 CFR 9 Petition To Establish ``Grand Lake O' the Cherokees'' as a New American 1513-AA66 Viticultural Area................................................................... 2440 Petition No. 2 To Expand the Russian River Valley Viticultural Area................. 1513-AA67 2441 Petition To Establish the ``Salado Creek'' Viticultural Area........................ 1513-AA69 2442 Petition To Establish the ``Shawnee Hills'' Viticultural Area....................... 1513-AA70 2443 Proposed Amended Boundaries for the Santa Lucia Highlands and the Arroyo Seco 1513-AA72 Viticultural Area (03R-083P)........................................................ ---------------------------------------------------------------------------------------------------------------- Tax and Trade Bureau--Final Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identification Number Number ---------------------------------------------------------------------------------------------------------------- 2444 27 CFR 24.278 Implementation of Wine Credit Provisions of Public Law 104-188........ 1513-AA05 2445 27 CFR 24.66 Implementation of Public Law 105-34, Section 1416, Relating to Refund 1513-AA06 of Tax for Domestic Wine Returned to Bond Regardless of Merchantability (Taxpayer Relief Act of 1997)................................................................. 2446 27 CFR 275 Implementation of Public Law 105-33, Section 9302, Requiring the 1513-AA10 Qualification of Tobacco Product Importers and Miscellaneous Technical Amendments... 2447 27 CFR 275 Tobacco Products and Cigarette Papers and Tubes Shipped from Puerto Rico 1513-AA17 to the United States................................................................ 2448 27 CFR 270 Elimination of Statistical Classes for Large Cigars...................... 1513-AA18 2449 27 CFR 41 Importation of Tobacco Products and Cigarette Papers and Tubes; 1513-AA20 Recodification of Regulations....................................................... 2450 27 CFR 4 Amelioration of Fruit and Agricultural Wines; Technical Amendments......... 1513-AA30 2451 27 CFR 9 Petition To Establish ``Red Hills'' American Viticultural Area............. 1513-AA33 2452 27 CFR 9 Petition To Establish ``Seneca Lake'' as an American Viticultural Area..... 1513-AA34 2453 27 CFR 9 Petition To Establish ``Bennett Valley'' as an American Viticultural Area.. 1513-AA36 2454 27 CFR 9 Petition for the Establishment of ``Red Hill'' as an American Viticultural 1513-AA39 Area................................................................................ 2455 27 CFR 9 Petition To Change the Temecula Viticultural Area's Name to Temecula Valley 1513-AA40 2456 27 CFR 9 Petition To Establish ``Alexandria Lakes'' as a New American Viticultural 1513-AA45 Area................................................................................ 2457 27 CFR 4 Organic Claims in Labeling and Advertising of Alcohol Beverages............ 1513-AA46 2458 27 CFR 9 Petition To Establish ``Oak Knoll District'' as a New American Viticultural 1513-AA48 Area................................................................................ 2459 27 CFR 7 Plain Language in Part 7................................................... 1513-AA60 2460 Petition No. 1 To Expand the Russian River Valley Viticultural Area................. 1513-AA68 ---------------------------------------------------------------------------------------------------------------- [[Page 30764]] Tax and Trade Bureau--Long-Term Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identification Number Number ---------------------------------------------------------------------------------------------------------------- 2461 27 CFR 7 Alcoholic Content Labeling for Malt Beverages.............................. 1513-AA01 2462 Sake Regulations.................................................................... 1513-AA11 2463 27 CFR 275 Prohibited Marks on Packages of Tobacco Products and Cigarette Papers and 1513-AA14 Tubes Imported or Brought into the United States.................................... 2464 27 CFR 4.32(d) Removal of Requirement To Disclose Saccharin in the Labeling of Wine, 1513-AA15 Distilled Spirits, and Malt Beverages............................................... 2465 27 CFR 31 Liquor Dealers; Recodification of Regulations............................. 1513-AA19 2466 27 CFR 19, subpart W Proposed Revisions of 27 CFR Part 19........................... 1513-AA23 2467 27 CFR 4 Proposal To Recognize Synonyms for Petite Sirah and Zinfandel Grape 1513-AA32 Varieties........................................................................... 2468 27 CFR 17 Taxpaid Distilled Spirits Used in Manufacturing Products Unfit for 1513-AA37 Beverage Use........................................................................ 2469 31 CFR 8 Eliminate Requirement To Enroll To Practice Before the Bureau.............. 1513-AA62 ---------------------------------------------------------------------------------------------------------------- Tax and Trade Bureau--Completed Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identification Number Number ---------------------------------------------------------------------------------------------------------------- 2470 27 CFR 5 Labeling of Unaged Grape Brandy............................................ 1513-AA03 2471 27 CFR 19.11 Distilled Spirits Plant Regulatory Initiative Proposal................. 1513-AA04 2472 27 CFR 4 Health Claims and Other Health Related Statements in the Labeling and 1513-AA09 Advertising of Alcohol Beverages.................................................... 2473 27 CFR 16 Alcohol Beverage Health Warning Statement................................. 1513-AA13 2474 27 CFR 31 Delegation of Authority in 27 CFR Part 31................................. 1513-AA22 2475 27 CFR 40 Delegation of Authority in 27 CFR Part 40................................. 1513-AA25 2476 27 CFR 44 Voluntary Waiver of Filing Claim for Credit, Refund, Allowance, or Credit 1513-AA31 of Tax for Tobacco Products Manufactured in Canada.................................. 2477 27 CFR 9 Petition To Establish ``Capay Valley'' as an American Viticultural Area.... 1513-AA35 2478 27 CFR 9 Petition To Propose ``Yadkin Valley'' as a New American Viticultural Area.. 1513-AA44 2479 27 CFR 25 Brewery Forms............................................................. 1513-AA47 2480 Reorganization of Title 27, Code of Federal Regulations; Final Rule................. 1513-AA71 2481 27 CFR 19 Delegation of Authority in 27 CFR Part 19................................. 1513-AA73 2482 27 CFR 70 Delegation of Authority for Part 70....................................... 1513-AA74 ---------------------------------------------------------------------------------------------------------------- Comptroller of the Currency--Prerule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identification Number Number ---------------------------------------------------------------------------------------------------------------- 2483 12 CFR 3 Capital Rules.............................................................. 1557-AB14 ---------------------------------------------------------------------------------------------------------------- Comptroller of the Currency--Proposed Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identification Number Number ---------------------------------------------------------------------------------------------------------------- 2484 Recordkeeping Requirements for Bank Exceptions From Securities Broker or Dealer 1557-AB93 Registration........................................................................ 2485 12 CFR 19 Maintenance of Records.................................................... 1557-AB99 2486 12 CFR 28 International Banking Activities.......................................... 1557-AC04 2487 12 CFR 30 Interagency Guidelines Establishing Standards for Safety and Soundness.... 1557-AC08 2488 12 CFR 11 Reporting and Disclosure Requirements for National Banks With Securities 1557-AC12 Registered Under the Securities Exchange Act of 1934; Securities Offering Disclosure Rules............................................................................... ---------------------------------------------------------------------------------------------------------------- [[Page 30765]] Comptroller of the Currency--Final Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identification Number Number ---------------------------------------------------------------------------------------------------------------- 2489 12 CFR 5 Rules, Policies, and Procedures for Corporate Activities and Bank 1557-AB97 Activities and Operations........................................................... 2490 31 CFR 103 Customer Identification Programs for Banks, Savings Associations, and 1557-AC06 Credit Unions....................................................................... 2491 12 CFR 24 Community and Economic Development Entities, Community Development 1557-AC09 Projects, and Other Public Welfare Investments (12 CFR Part 24)..................... 2492 12 CFR 19 Removal, Suspension, and Debarment of Independent Accountants From 1557-AC10 Performance of Audit Services....................................................... 2493 12 CFR 5 Rules, Policies, and Procedures for Corporate Activities (Electronic 1557-AC13 Filings)............................................................................ ---------------------------------------------------------------------------------------------------------------- Comptroller of the Currency--Long-Term Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identification Number Number ---------------------------------------------------------------------------------------------------------------- 2494 Rules and Procedures for Claims Against OCC-Appointed Receiverships for Uninsured 1557-AB59 Financial Institutions.............................................................. 2495 Fair Credit Reporting Regulations................................................... 1557-AB78 2496 12 CFR 25 Community Reinvestment Act Regulation..................................... 1557-AB98 2497 12 CFR 5 Rules, Policies, and Procedures for Corporate Activities................... 1557-AC11 ---------------------------------------------------------------------------------------------------------------- Comptroller of the Currency--Completed Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identification Number Number ---------------------------------------------------------------------------------------------------------------- 2498 12 CFR 19 Uniform Rules of Practice and Procedure; Regulation Review................ 1557-AB43 2499 12 CFR 5 Payday Lending............................................................. 1557-AC01 ---------------------------------------------------------------------------------------------------------------- United States Customs Service--Proposed Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identification Number Number ---------------------------------------------------------------------------------------------------------------- 2500 19 CFR 12 Textiles and Textile Products Subject to Textile Trade Agreements......... 1515-AB54 2501 19 CFR 159 Liquidation; Extension; Suspension....................................... 1515-AB66 2502 19 CFR 12 Detention, Seizure, and Forfeiture of ``Bootleg'' Sound Recording and 1515-AB74 Music Videos of Live Musical Performances........................................... 2503 19 CFR 142 Reconciliation........................................................... 1515-AB85 2504 19 CFR 111 Remote Location Filing................................................... 1515-AC23 2505 19 CFR 142 Requirements for Future Customs Transactions When Payment To Customs on 1515-AC68 Prior Transactions is Delinquent and/or Dishonored.................................. 2506 19 CFR 145 Customs Examination of In-Transit Mail Shipments......................... 1515-AC71 2507 19 CFR 12 Patent Surveys............................................................ 1515-AC93 2508 19 CFR 122 Advance Notice Requirements for Aircraft Landings and Arrivals; Revisions 1515-AD10 to the Private Aircraft Overflight Program.......................................... 2509 19 CFR 162 Prior Disclosure and Lost Duty or Revenue Demands When Penalty Claim Not 1515-AD13 Issued.............................................................................. 2510 19 CFR 181 Tariff Treatment Related To Disassembly Operations Under the North 1515-AD23 American Free Trade Agreement....................................................... 2511 19 CFR 4 Manifest Discrepancy Reports--New Requirements for Vessels and a Conforming 1515-AD26 Change.............................................................................. ---------------------------------------------------------------------------------------------------------------- United States Customs Service--Final Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identification Number Number ---------------------------------------------------------------------------------------------------------------- 2512 19 CFR 4 Harbor Maintenance Fee..................................................... 1515-AA57 2513 19 CFR 24 Donated Cargo Exemption From Harbor Maintenance Fee....................... 1515-AA87 [[Page 30766]] 2514 19 CFR 181 North American Free Trade Agreement (NAFTA)--Implementation of Duty- 1515-AB87 Deferral Program Provisions......................................................... 2515 19 CFR 141 Customs Entry Documentation Pursuant To Anticounterfeiting Consumer 1515-AC15 Protection Act...................................................................... 2516 19 CFR 134 Country-of-Origin Marking................................................ 1515-AC32 2517 19 CFR 24 Expanded Methods of Payment of Duties, Taxes, Interest, and Fees.......... 1515-AC40 2518 19 CFR 4 User and Navigation Fees; Other Reimbursable Charges....................... 1515-AC63 2519 19 CFR 10 African Growth and Opportunity Act and Generalized System of Preferences.. 1515-AC72 2520 19 CFR 146 Expanded Weekly Entry Procedure for Foreign Trade Zones.................. 1515-AC74 2521 19 CFR 10 United States-Caribbean Basin Trade Partnership Act and Caribbean Basin 1515-AC76 Initiative.......................................................................... 2522 19 CFR 24 Reimbursable Customs Inspectional Services--Increase in Hourly Rate Charge 1515-AC77 2523 19 CFR 24 User Fees................................................................. 1515-AC81 2524 19 CFR 12 Dog and Cat Protection Act................................................ 1515-AC87 2525 19 CFR 10 Prototypes Used Solely For Product Development, Testing, Evaluation, or 1515-AC88 Quality Control Purposes............................................................ 2526 19 CFR 10 Preferential Treatment of Brassieres Under the United States-Caribbean 1515-AC89 Basin Trade Partnership Act......................................................... 2527 19 CFR 141 Single Entry for Unassembled or Disassembled Entities Imported on 1515-AC94 Multiple Conveyances................................................................ 2528 19 CFR 133 Civil Fines For Importation of Merchandise Bearing a Counterfeit Mark.... 1515-AC98 2529 19 CFR 122 Passenger and Crew Manifests Required for Passenger Flights in Foreign 1515-AC99 Air Transportation to the United States............................................. 2530 19 CFR 191 Manufacturing Substitution Drawback--Duty Apportionment.................. 1515-AD02 2531 19 CFR 122 Access to Customs Security Areas at Airports............................. 1515-AD04 2532 19 CFR 141 Conditional Release Period and Customs Bond Obligations For Food, Drugs, 1515-AD05 Devices, and Cosmetics.............................................................. 2533 19 CFR 122 Passenger Name Record Information Required For Passengers on Flights in 1515-AD06 Foreign Air Transportation to or From the United States............................. 2534 19 CFR 111 Performance of Customs Business by Parent and Subsidiary Corporations.... 1515-AD14 2535 19 CFR 103 Confidentiality Protection for Vessel Cargo Manifest Information......... 1515-AD18 2536 19 CFR 10 Implementation of the Andean Trade Promotion and Drug Eradication Act..... 1515-AD19 2537 19 CFR 10 Trade Benefits Under the African Growth and Opportunity Act............... 1515-AD20 2538 19 CFR 24 Fees for Customs Processing at Express Courier Facilities................. 1515-AD21 2539 19 CFR 10 Trade Benefits Under the Caribbean Basin Economic Recovery Act............ 1515-AD22 2540 19 CFR 10 Preferential Treatment of Brassieres Under the Caribbean Basin Economic 1515-AD24 Recovery Act........................................................................ 2541 19 CFR 10 Refund of Duties Paid on Imports of Certain Wool Products................. 1515-AD27 2542 19 CFR 111 Customs Broker License Examination Dates................................. 1515-AD28 2543 19 CFR 103 Confidentiality of Commercial Information................................ 1515-AD29 ---------------------------------------------------------------------------------------------------------------- United States Customs Service--Long-Term Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identification Number Number ---------------------------------------------------------------------------------------------------------------- 2544 19 CFR 12 Entry of Softwood Lumber Shipments From Canada............................ 1515-AB97 2545 19 CFR 123 Designated Land Border Crossing Locations for Certain Conveyances........ 1515-AC12 2546 19 CFR 12 Entry of Softwood Lumber Shipments From Canada............................ 1515-AC62 2547 19 CFR 123 Simplification of In-Transit Truck Shipments Between Canada and the 1515-AC65 United States....................................................................... 2548 19 CFR 24 Procedures Governing the Border Release Advanced Screening and Selectivity 1515-AC92 (BRASS) Program..................................................................... ---------------------------------------------------------------------------------------------------------------- United States Customs Service--Completed Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identification Number Number ---------------------------------------------------------------------------------------------------------------- 2549 19 CFR 4 Deferral of Duty on Large Yachts Imported for Sale......................... 1515-AC58 2550 19 CFR 102 Rules of Origin for Textile and Apparel Products......................... 1515-AC80 2551 19 CFR 141 Single Entry for Split Shipments......................................... 1515-AC91 2552 19 CFR 12 Entry of Certain Steel Products........................................... 1515-AD15 2553 19 CFR 4 Compliance with Inflation Adjustment Act................................... 1515-AD25 ---------------------------------------------------------------------------------------------------------------- [[Page 30767]] United States Customs Service--Discontinued Entries -------------------------------------------------------------------------------------------------------------------------------------------------------- Regulation Identification Title Date Comments Number -------------------------------------------------------------------------------------------------------------------------------------------------------- 1515-AC44 19 CFR 113 Importation and Entry Bond Conditions Regarding Other Agency Documentation 03/20/2003 Withdrawn Requirements 1515-AC73 19 CFR 122 Private Aircraft Programs--Establishment of the General Aviation Telephonic 12/02/2002 Withdrawn Entry (GATE) Program and Revisions to the Overflight Program 1515-AC85 19 CFR 10 Amendment to Wool Duty Refund Program 08/12/2002 Withdrawn -------------------------------------------------------------------------------------------------------------------------------------------------------- Internal Revenue Service--Prerule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identification Number Number ---------------------------------------------------------------------------------------------------------------- 2554 Liabilities Assumed in Certain Corporate Transactions............................... 1545-AY74 2555 Communications Excise Tax; Taxable Communication Services........................... 1545-BB04 2556 Fractional Parts of a Dollar (Temporary)............................................ 1545-BB42 2557 Update to Section 6081 Regulations (Temporary)...................................... 1545-BB55 2558 Guidance Regarding Mark-to-Market Valuation for Certain Securities.................. 1545-BB90 2559 Disclosure of Return Information to the Department of Agriculture (Temporary)....... 1545-BB91 ---------------------------------------------------------------------------------------------------------------- Internal Revenue Service--Proposed Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identification Number Number ---------------------------------------------------------------------------------------------------------------- 2560 Foreign Insurance Companies......................................................... 1545-AL82 2561 Outbound Transfers of Property to Foreign Corporations.............................. 1545-AM97 2562 Foreign Insurance Company--Domestic Election........................................ 1545-AO25 2563 Fringe Benefit Sourcing Under Section 861........................................... 1545-AO72 2564 Taxation of Global Trading.......................................................... 1545-AP01 2565 Information Reporting and Record Maintenance........................................ 1545-AP10 2566 Integrated Financial Transaction.................................................... 1545-AR20 2567 Source Rules for Payments Made Pursuant to Certain Swap Arrangements................ 1545-AU89 2568 Substantiating Travel Expense Deductions for Members of Congress.................... 1545-AV55 2569 Foreign Tax Credit Anti-Abuse Regulation............................................ 1545-AV97 2570 Transportation of Persons and Property by Air....................................... 1545-AW19 2571 Contingent Debt Instrument.......................................................... 1545-AW33 2572 Capital Gain Guidance Relating to CRTs.............................................. 1545-AW35 2573 Constructive Sales of Appreciated Financial Positions............................... 1545-AW97 2574 Rules for Sourcing Certain Transportation Income, Space, or Ocean Activity Income, 1545-AX02 and Related Foreign Base Company Shipping Income.................................... 2575 Straddles--One Side Larger Than the Other........................................... 1545-AX16 2576 Definition of Accounting Method..................................................... 1545-AX21 2577 Cash or Deferred Arrangements....................................................... 1545-AX26 2578 Cash or Deferred Arrangements (Temporary)........................................... 1545-AX43 2579 Awarding of Costs and Certain Fees.................................................. 1545-AX46 2580 Highly Compensated Employee......................................................... 1545-AX48 2581 Modification to Section 367(a) Stock Transfer Regulations........................... 1545-AX77 2582 Clarification of Foreign-Based Company Sales Income Rules........................... 1545-AX91 2583 Assumption of Partnership Liabilities............................................... 1545-AX93 2584 Like-Kind Exchanges................................................................. 1545-AX95 2585 Guidance on Changes to the Laws for Corporate Estimated Taxes....................... 1545-AY22 2586 Withholding Tax on Foreign Partners' Share of Effectively Connected Income.......... 1545-AY28 2587 Taxable Years of Controlled Foreign Corporations (CFCs) and Foreign Personal Holding 1545-AY30 Companies (FPHCs)................................................................... 2588 Allocation of Income and Deductions from Intangibles................................ 1545-AY38 2589 Dollar-Value LIFO................................................................... 1545-AY39 2590 Previously Taxed Earnings and Profits Under Subpart F............................... 1545-AY54 2591 Normal Retirement Age for Pension Plans............................................. 1545-AY61 [[Page 30768]] 2592 Normalization....................................................................... 1545-AY75 2593 Disclosure of Returns and Return Information in Judicial and Administrative Tax 1545-AY89 Proceedings......................................................................... 2594 Payments For Interest in Partnership................................................ 1545-AY90 2595 Allocation and Apportionment of Interest Expense.................................... 1545-BA02 2596 Transactions Involving Obligations of Consolidated Group Members.................... 1545-BA11 2597 Deductibility of Employer Contributions for Deferred Compensation................... 1545-BA13 2598 Continuation of a Consolidated Group................................................ 1545-BA14 2599 Property Exempt from Levy........................................................... 1545-BA22 2600 Gasoline Tax Claims................................................................. 1545-BA27 2601 Suspension of Statutes of Limitation in John Doe and Third-Party Summons Disputes, 1545-BA31 and Expansion of Taxpayers' Rights to Receive Notice and Seek Judicial Review of Third Party Summonses............................................................... 2602 Amendments to Rules for Allocation of Basis......................................... 1545-BA32 2603 Earned Income Credit................................................................ 1545-BA34 2604 Income From Sources Within Specified Possession..................................... 1545-BA37 2605 Treatment of Certain Obligation-Shifting Transactions............................... 1545-BA41 2606 Multi-Family Housing Bonds.......................................................... 1545-BA45 2607 User Fees for Offers To Compromise.................................................. 1545-BA54 2608 Modification of Check the Box Regulations........................................... 1545-BA59 2609 Abatement of Interest on Large Erroneous Refunds.................................... 1545-BA61 2610 Allocation and Apportionment Rules: Guidance on Selected Issues..................... 1545-BA64 2611 Provisions Regarding Cross-Border Transactions...................................... 1545-BA65 2612 Interest Other Than That of a Creditor.............................................. 1545-BA69 2613 Circular 230--Tax Shelter Amendments................................................ 1545-BA70 2614 Circular 230--Phase 2 Non-Shelter Revisions......................................... 1545-BA72 2615 Statutory Options................................................................... 1545-BA75 2616 Disclosure of Relative Value of Distribution Forms.................................. 1545-BA78 2617 Partnership Transactions Involving Long-Term Contracts.............................. 1545-BA81 2618 Allocation of New Markets Tax Credit................................................ 1545-BA84 2619 Carryover and Stacking Rule Amendment............................................... 1545-BA85 2620 Aggregate Computation and Allocation of Research Credit............................. 1545-BA88 2621 Transfer of Notes or Stock To Provide for Satisfaction of Contested Liabilities..... 1545-BA90 2622 Transfer of Notes or Stock To Provide for Satisfaction of Contested Liabilities 1545-BA91 (Temporary)......................................................................... 2623 Generation-Skipping Transfer Tax Relief Provisions.................................. 1545-BA94 2624 Guidance To Facilitate Electronic Tax Administration................................ 1545-BA96 2625 Employment Taxes--Failure-to-Deposit Penalty........................................ 1545-BA97 2626 Timely Mailing Treatment............................................................ 1545-BA99 2627 Hand Carry Returns.................................................................. 1545-BB00 2628 Change in Use; Accelerated Cost Recovery System..................................... 1545-BB05 2629 Depreciation of Vans and Light Trucks............................................... 1545-BB06 2630 Disclosure of Reportable Transactions............................................... 1545-BB07 2631 Registration of Reportable Transactions............................................. 1545-BB08 2632 List Maintenance Requirement for Reportable Transactions............................ 1545-BB09 2633 Capital Account Bookup.............................................................. 1545-BB10 2634 Allocation of Foreign Tax Credits Among Partners.................................... 1545-BB11 2635 Distributions of Property........................................................... 1545-BB12 2636 Structured Settlement Factoring Transactions........................................ 1545-BB14 2637 Testimony Authorizations and Requests for IRS Information........................... 1545-BB15 2638 Investigative Disclosures........................................................... 1545-BB16 2639 Investigative Disclosures (Temporary)............................................... 1545-BB17 2640 Toll Telephone Service--Definition.................................................. 1545-BB18 2641 Duplicate Tax Benefits.............................................................. 1545-BB25 2642 Cost Sharing........................................................................ 1545-BB26 2643 Application of Separate Limitations to Dividends From Noncontrolled Section 902 1545-BB28 Corporation......................................................................... 2644 Extension of Time for Filing Returns................................................ 1545-BB29 2645 Treatment of Services Under Section 482............................................. 1545-BB31 2646 Preparer Penalties--Signature Requirement and Copies of Returns..................... 1545-BB34 2647 Fractional Parts of a Dollar........................................................ 1545-BB35 2648 Amending the Low-Income Housing Tax Credit Program.................................. 1545-BB37 2649 Investment Adjustment Rules and Waiver of Loss Carryovers from SRLY Years--Amended.. 1545-BB38 [[Page 30769]] 2650 Investment Adjustment Rules and Waiver of Loss Carryovers from SRLY Years--Amended 1545-BB39 (Temporary)......................................................................... 2651 Amendment to Section 6724 Relating to Failure to File Correct Information Returns... 1545-BB41 2652 Hand Carrying Returns (Temporary)................................................... 1545-BB45 2653 Administrative Simplification of 481(a) Adjustment Periods in Various Regulations... 1545-BB47 2654 Election Out Generation-Skipping Transfer Tax (GST) Deemed Allocations.............. 1545-BB54 2655 Substitute Dividend Payments in Securities Lending and Similar Transactions......... 1545-BB56 2656 Special Depreciation Allowance...................................................... 1545-BB57 2657 Deemed IRAs in Qualified Retirement Plans........................................... 1545-BB58 2658 Deemed IRAs in Qualified Retirement Plans (Temporary)............................... 1545-BB59 2659 Loss Limitation Rules--G U Repeal................................................... 1545-BB61 2660 Safe Harbor Leasing Second Interest Capitalization.................................. 1545-BB62 2661 Safe Harbor Leasing Second Interest Capitalization (Temporary)...................... 1545-BB63 2662 Contributions To Purchase Certain Retirement Annuities or Custodial Accounts Under 1545-BB64 Section 403(b)...................................................................... 2663 Installment Obligations............................................................. 1545-BB65 2664 Use of Government Depositaries in Connection with Tax Under the Federal Unemployment 1545-BB66 Tax Act............................................................................. 2665 Use of Government Depositaries in Connection With Tax Under the Federal Unemployment 1545-BB67 Tax Act (Temporary)................................................................. 2666 Availability of Section 338(h)(10) Election in Multistep Transactions............... 1545-BB68 2667 Statutory Options (Temporary)....................................................... 1545-BB69 2668 Liquidation of an Interest.......................................................... 1545-BB71 2669 Qualified Interests................................................................. 1545-BB72 2670 Real Estate Mortgage Investment Conduits; Application of Section 446 With Respect to 1545-BB73 Inducement Fees..................................................................... 2671 Real Estate Mortgage Investment Conduits; Application of Section 446 With Respect to 1545-BB74 Inducement Fees (Temporary)......................................................... 2672 Collected Excise Taxes; Duties of Collector......................................... 1545-BB75 2673 Guidance on Life Insurance and Annuity Contracts.................................... 1545-BB77 2674 Corporate Reorganizations; Continuity--Transfers of Assets or Stock Following a 1545-BB80 Reorganization...................................................................... 2675 Corporate Reorganizations; Continuity--Transfers of Assets or Stock Following a 1545-BB81 Reorganization (Temporary).......................................................... 2676 Notional Principal Contracts........................................................ 1545-BB82 2677 Assumption of Partnership Liabilities (Temporary)................................... 1545-BB83 2678 REMIC Residuals--Timing of Income for Foreign Holders............................... 1545-BB84 2679 Transferor or Transferee as a Predecessor or Successor.............................. 1545-BB85 2680 Dependent Care Credit............................................................... 1545-BB86 2681 Guidance Under Section 368 Regarding Restricted Stock............................... 1545-BB87 2682 Determination of Single-Sum Distributions From Cash Balance Plans................... 1545-BB93 2683 Accrual for Certain REMIC Regular Interests......................................... 1545-BB94 2684 Miscellaneous Changes to Collection Due Process Procedures Relating to Notice and 1545-BB96 Opportunity for Hearing Upon Filing of Notice of Lien............................... 2685 Miscellaneous Changes to Collection Due Process Procedures Relating to Hearings 1545-BB97 Before Levy......................................................................... 2686 Computation of Tax Attributes....................................................... 1545-BB98 2687 Distributions of Loss Corporation Stock by Qualified Plans (Temporary).............. 1545-BB99 2688 Distributions of Loss Corporation Stock by Qualified Plans.......................... 1545-BC00 2689 Tax Exempt Bond Partnership Reporting Regulation (Temporary)........................ 1545-BC01 2690 New Markets Tax Credit Amendments (Temporary)....................................... 1545-BC02 2691 New Markets Tax Credit Amendments................................................... 1545-BC03 2692 Tax Exempt Bond Partnersip Reporting Regulation..................................... 1545-BC04 2693 Allocation of Basis to Distributees Following a Reorganization...................... 1545-BC05 2694 General Allocation and Accounting Regulations....................................... 1545-BC07 ---------------------------------------------------------------------------------------------------------------- Internal Revenue Service--Final Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identification Number Number ---------------------------------------------------------------------------------------------------------------- 2695 Golden Parachute Payments........................................................... 1545-AH49 2696 Foreign Corporations................................................................ 1545-AK74 2697 Nonrecognition of Corporate Distributions and Reorganizations Under the Foreign 1545-AK79 Investment in Real Property Tax Act................................................. 2698 Computation of a Branch's Taxable Income; Taxation of Exchange Gain or Loss on 1545-AM12 Branch Remittances.................................................................. [[Page 30770]] 2699 Earnings Stripping Payments......................................................... 1545-AO24 2700 Registration Required Obligations................................................... 1545-AP33 2701 Interest-Free Adjustments........................................................... 1545-AQ61 2702 Definition of ``Highly Compensated Employee''....................................... 1545-AQ74 2703 Escrow Funds and Other Similar Funds................................................ 1545-AR82 2704 Mark-to-Market Upon Disposition..................................................... 1545-AS85 2705 Straddles---Miscellaneous Issues.................................................... 1545-AT46 2706 Agreements for Payment of Tax Liabilities in Installments........................... 1545-AU97 2707 Definition of ``Private Activity Bonds'' Allocation and Accounting Regulations...... 1545-AU98 2708 Return of Levied Property in Certain Cases.......................................... 1545-AV01 2709 Electronic Transmission of Withholding Certificates................................. 1545-AV27 2710 Interest on Education Loans......................................................... 1545-AW01 2711 Mark-to-Market Accounting for Dealers in Commodities and Traders in Securities and 1545-AW06 Commodities......................................................................... 2712 Intercompany Obligations............................................................ 1545-AW30 2713 Guidance Under Subpart F Relating to Certain Hybrid Transactions.................... 1545-AW63 2714 Reporting of Payments to Attorney................................................... 1545-AW72 2715 Qualified Offers.................................................................... 1545-AW99 2716 Allocation of Research Credit....................................................... 1545-AX05 2717 Delay Rental Payments............................................................... 1545-AX06 2718 Guidance on Cost Recovery in the Entertainment Industry............................. 1545-AX12 2719 Allocating Basis Adjustments........................................................ 1545-AX18 2720 Guaranteed Investment Contracts..................................................... 1545-AX22 2721 Special Rules for Retroactive Payments Under Section 417(a)(7)(A) for Qualified 1545-AX34 Retirement Plans.................................................................... 2722 Changes in Entity Classification: Special Rule for Certain Foreign Eligible Entities 1545-AX39 2723 Compensation Deferred Under Eligible Section 457(b) Plans........................... 1545-AX52 2724 Stock Transfer Rules--Carryover of Earnings and Taxes............................... 1545-AX65 2725 Allocation and Apportionment of Interest Expense and Certain Other Expenses......... 1545-AX72 2726 HIPAA Portability................................................................... 1545-AX84 2727 Disclosure of Return and Return Information to Designee of Taxpayer................. 1545-AX85 2728 Application of Separate Foreign Tax Credit Limitations.............................. 1545-AX88 2729 Definition of Income................................................................ 1545-AX96 2730 Investment Type Property (Prepayment)............................................... 1545-AY12 2731 Electing Mark-to-Market for Marketable Stock of a PFIC.............................. 1545-AY17 2732 Authorized Placement Agency......................................................... 1545-AY18 2733 Use of Taxpayer Identifying Numbers................................................. 1545-AY24 2734 Dual Consolidated Loss Recapture Events............................................. 1545-AY27 2735 HIPAA General Nondiscrimination..................................................... 1545-AY32 2736 HIPAA Nondiscrimination Exception for Church Plans.................................. 1545-AY33 2737 HIPAA Nondiscrimination Exception for Bona Fide Wellness Programs................... 1545-AY34 2738 Information Reporting on Cancellation of Indebtedness............................... 1545-AY35 2739 Recognition of Gain on Certain Distributions of Stock or Securities in Connection 1545-AY42 with an Acquisition................................................................. 2740 Modified Guaranteed Contracts....................................................... 1545-AY48 2741 Election--Asset Acquisitions of Insurance Companies................................. 1545-AY49 2742 Electronic Furnishing of Payee Statements........................................... 1545-AY50 2743 Tax Treatment of Cafeteria Plans.................................................... 1545-AY67 2744 Qualified S Election for Testamentary Trusts........................................ 1545-AY76 2745 Research Credit III................................................................. 1545-AY82 2746 Treatment of Community Income for Certain Individuals Not Filing Joint Returns...... 1545-AY83 2747 Low-Income Taxpayer Clinics......................................................... 1545-AY84 2748 Charitable Lead Interest............................................................ 1545-AY86 2749 New Market Tax Credit............................................................... 1545-AY87 2750 Net Gift Treatment.................................................................. 1545-AY91 2751 Definition of Agent and Safeguard Certifications.................................... 1545-AY94 2752 Tax Shelter Penalties............................................................... 1545-AY97 2753 Expenditures in Connection with the Creation of Intangible Assets................... 1545-BA00 2754 Mergers Involving Disregarded Entities.............................................. 1545-BA06 2755 Consolidated Returns; Nonapplicability of Section 357(c)............................ 1545-BA09 2756 Reductions of Accruals and Allocations Because of Increased Age..................... 1545-BA10 2757 Procurement/Purchasing Card Reporting............................................... 1545-BA17 [[Page 30771]] 2758 Receipt of Multiple Notices with Respect to Incorrect Taxpayer Identification 1545-BA18 Numbers............................................................................. 2759 Catch-Up Contributions for Individuals Aged 50 or Over.............................. 1545-BA24 2760 Split-Dollar Life Insurance......................................................... 1545-BA44 2761 Amendment to the Definition of Refunding............................................ 1545-BA46 2762 Treatment of Funded Welfare Benefit Plans........................................... 1545-BA47 2763 Loss Limitation Rules............................................................... 1545-BA52 2764 Noncompensatory Partnership Options................................................. 1545-BA53 2765 Compensatory Stock Options Under Section 482........................................ 1545-BA57 2766 Modification of Check the Box Regulations (Temporary)............................... 1545-BA58 2767 Required Distributions from Retirement Plans........................................ 1545-BA60 2768 Carryback of Consolidated Net Operating Losses to Separate Return Years............. 1545-BA73 2769 Controlled Foreign Partnership Reporting............................................ 1545-BA77 2770 Earnings Calculation for Returned or Recharacterized Contributions.................. 1545-BA82 2771 Reporting Requirements for Widely Held Fixed Investment Trusts...................... 1545-BA83 2772 Guidance on Reporting of Deposit Interest Paid to Nonresident Aliens................ 1545-BA86 2773 Designated IRS Officer or Employee.................................................. 1545-BA89 2774 Reduced Exclusion of Gain From Sale or Exchange of Principal Residence.............. 1545-BB01 2775 Substantiation of Incidental Expenses............................................... 1545-BB20 2776 Exclusions from Gross Income of Foreign Corporations................................ 1545-BB30 2777 Advance Rentals..................................................................... 1545-BB44 2778 Information Reporting Relating to Taxable Stock Transactions........................ 1545-BB60 2779 Collected Excise Taxes; Duties of Collector (Temporary)............................. 1545-BB76 2780 Availability of Section 338(h)(10) Election in Multistep Transactions (Temporary)... 1545-BB78 2781 Application of Nondiscrimination Cross-Testing Rules to Cash Balance Plans.......... 1545-BB79 ---------------------------------------------------------------------------------------------------------------- Internal Revenue Service--Long-Term Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identification Number Number ---------------------------------------------------------------------------------------------------------------- 2782 Income Tax--Taxpayer's Obligation To File a Notice of Redetermination of Foreign Tax 1545-AC09 and Civil Penalties for Failure to File............................................. 2783 Income Tax--Definition of Qualified Possession Source Investment Income for Purposes 1545-AC10 of Puerto Rico and Possession Tax Credit............................................ 2784 FSC Transfer Pricing Rules, Distributions, Dividends Received, Deduction, and Other 1545-AI16 Special Rules for FSC............................................................... 2785 Information From Passport and Immigration Applicants................................ 1545-AJ93 2786 Income of Foreign Governments and International Organizations....................... 1545-AL93 2787 Clarification of Treatment of Separate Limitation Losses............................ 1545-AM11 2788 Earnings and Profits of Controlled Foreign Corporations............................. 1545-AM90 2789 Caribbean Basin Investments......................................................... 1545-AM91 2790 Railroad Unemployment Repayment Tax................................................. 1545-AN40 2791 Consolidated Alternative Minimum Tax................................................ 1545-AN73 2792 Conforming Taxable Years of CFCs and FPHCs.......................................... 1545-AO22 2793 Charitable Contributions............................................................ 1545-AP30 2794 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................ 2795 Use of GAAP Earnings as E&P of Foreign Corporations................................. 1545-AQ55 2796 The Treatment of Accelerated Death Benefits......................................... 1545-AQ70 2797 Foreign Trusts Regulations.......................................................... 1545-AR25 2798 Treatment of Dual Consolidated Losses............................................... 1545-AR26 2799 Allocation of Accrued Benefits Between Employer and Employee Contributions.......... 1545-AT82 2800 Foreign Corporations Regulations.................................................... 1545-AT96 2801 Treatment of Obligation-Shifting Transactions....................................... 1545-AU19 2802 Application of Grantor Trust Rules to Nonexempt Employees' Trust.................... 1545-AU29 2803 Recomputation of Life Insurance Reserves............................................ 1545-AU49 2804 Application of Attribution Rules to Foreign Trusts.................................. 1545-AU91 2805 Financial Asset Securitization Investment Trust (FASIT) Start-up; Operational and 1545-AU94 Transitional Rules.................................................................. 2806 Stocks and Securities Safe Harbor Exception......................................... 1545-AW13 [[Page 30772]] 2807 Source of Income From Certain Space and Ocean Activities and for Communications 1545-AW50 Income.............................................................................. 2808 Highway Vehicle--Definition......................................................... 1545-AX10 2809 Inspection of Written Determinations................................................ 1545-AX40 2810 Definition of Private Activity Bond--Refunding Regulations.......................... 1545-AX55 2811 Definition of Passive Foreign Investment Company Under Section 1297................. 1545-AX78 2812 Capitalization of Interest and Carrying Charges Properly Allocable to Straddles..... 1545-AX92 2813 Active Conduct of an Insurance Business Under PFIC Rules............................ 1545-AY20 2814 Special Rules Relating to Transfers of Intangibles to Foreign Corporations.......... 1545-AY41 2815 Special Rules for S Corporations.................................................... 1545-AY44 2816 Transitional Relief for Qualified Intermediaries.................................... 1545-AY92 2817 Application of the Federal Insurance Contributions Act, Federal Unemployment Tax 1545-BA26 Act, and Collection of Income Tax at Source to Statutory Stock Options.............. 2818 Foreign Corporations--Treatment of Distributions or Liquidations.................... 1545-BA79 2819 Redemptions Treated as Dividends.................................................... 1545-BA80 2820 Allocation and Apportionment of Interest Expense.................................... 1545-BA92 2821 Earnings and Profits Attribution Principles......................................... 1545-BA93 2822 Authorization for IRS to Charge Fees For Copying Exempt Organization Returns........ 1545-BB21 2823 Authorization for IRS to Charge Fees For Copying Exempt Organization Returns 1545-BB22 (Temporary)......................................................................... 2824 Mixed Use Output Facilities......................................................... 1545-BB23 2825 Accrual Rules for Creditable Foreign Taxes and Guidance on Change in Taxable Year... 1545-BB27 2826 Limitation on Use of Nonaccrual Experience Method of Accounting..................... 1545-BB43 2827 Partnership Equity for Services..................................................... 1545-BB92 2828 Transfers of Nonstatutory Stock Options to Related Persons.......................... 1545-BC06 ---------------------------------------------------------------------------------------------------------------- Internal Revenue Service--Completed Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identification Number Number ---------------------------------------------------------------------------------------------------------------- 2829 Limitations on Passive Activity Losses and Credits--Self-Charged Items.............. 1545-AN64 2830 Election To Treat Trust as Estate................................................... 1545-AW24 2831 Corporate Tax Shelter Registration.................................................. 1545-AW26 2832 Education Credits................................................................... 1545-AW65 2833 Certain Asset Transfers to Regulated Investment Companies (RICs) and Real Estate 1545-AW92 Investment Trusts (REITs)........................................................... 2834 Notice of Contact of Third Parties.................................................. 1545-AX04 2835 Exclusion of Gain on the Sale or Exchange of Principal Residence.................... 1545-AX28 2836 Loans to Participants or Beneficiaries From Qualified Employee Plans................ 1545-AX68 2837 Requirement To Maintain List of Investors in Potentially Abusive Tax Shelters....... 1545-AX79 2838 Tax Shelter Disclosure Statements................................................... 1545-AX81 2839 Statute of Limitations on Collection Installment Agreements......................... 1545-AX89 2840 Definition of Diesel Fuel........................................................... 1545-AX97 2841 Constructive Transfers and Transfers of Property to Third Parties on Behalf of a 1545-AX99 Spouse.............................................................................. 2842 Guidance Necessary To Facilitate Electronic Tax Administration...................... 1545-AY04 2843 Damages for Intentional or Reckless Disregard of the Internal Revenue Code.......... 1545-AY08 2844 Disallowance of Deductions and Credits for Failure to File Timely Return............ 1545-AY26 2845 Disclosure of Return Information to Officers and Employees of the Department of 1545-AY52 Commerce for Certain Statistical Purposes and Related Activities.................... 2846 Obligation of States and Political Subdivisions..................................... 1545-AY71 2847 Disclosure of Returns and Return Information by Other Agencies...................... 1545-AY77 2848 Excise Tax Imposed on Foreign Insurers or Reinsurers................................ 1545-AY93 2849 Consolidated Return Intercompany Transaction Rules.................................. 1545-BA05 2850 Notice of Significant Reduction in the Rate of Future Benefit Accrual............... 1545-BA08 2851 Unit Livestock Pricing Method....................................................... 1545-BA25 2852 Guidance Regarding Foreign Personal Holding Company Income.......................... 1545-BA33 2853 Transfers of C Corporation Property to RICs or REITs................................ 1545-BA36 2854 Withholding at Treaty Rate Exception for Taxpayer Identifying Number................ 1545-BA38 2855 Information Reporting for Qualified Tuition and Related Expenses; Magnetic Media 1545-BA43 Filing Requirements for Information Returns......................................... [[Page 30773]] 2856 Determination of Basis of Partner's Interest; Special Rules......................... 1545-BA50 2857 Low-Income Taxpayer Clinics......................................................... 1545-BA95 2858 Designated IRS Officer or Employee (Temporary)...................................... 1545-BA98 2859 Reduced Exclusion of Gain From Sale or Exchange of Principal Residence (Temporary).. 1545-BB02 2860 Penalties for Unauthorized Inspection of Returns.................................... 1545-BB13 2861 Substantiation of Incidental Expenses (Temporary)................................... 1545-BB19 2862 Structured Settlement Factoring Transactions (Temporary)............................ 1545-BB24 2863 Tax Shelter Disclosure Statements (Temporary)....................................... 1545-BB32 2864 Requirement To Maintain List of Investors in Potentially Abusive Tax Shelters....... 1545-BB33 2865 Issues Relating to Certain Foreign Corporations and Partnerships.................... 1545-BB36 2866 Information Reporting for Taxable Stock Transactions................................ 1545-BB40 2867 Statutory Mergers and Consolidations................................................ 1545-BB46 2868 Disclosure Statements for Employment Tax............................................ 1545-BB48 2869 Disclosure Statements for Estate Tax................................................ 1545-BB49 2870 Disclosure Statements for Gift Tax.................................................. 1545-BB50 2871 Disclosure Statements for Pension Excise Taxes...................................... 1545-BB51 2872 Disclosure Statements for Public Charity Excise Taxes............................... 1545-BB52 2873 Disclosure Statements for Foundation Excise Taxes................................... 1545-BB53 2874 Taxpayer Identification Number (TIN) Matching Program (Temporary)................... 1545-BB88 2875 Guidance Under Section 1502: Suspension of Losses on Certain Stock Dispositions 1545-BB95 (Temporary)......................................................................... ---------------------------------------------------------------------------------------------------------------- Internal Revenue Service--Discontinued Entries -------------------------------------------------------------------------------------------------------------------------------------------------------- Regulation Identification Title Date Comments Number -------------------------------------------------------------------------------------------------------------------------------------------------------- 1545-AR32 Intercompany Transfer Pricing for Services 03/03/2003 Withdrawn 1545-BA71 Definition of Reorganizations 03/03/2003 Withdrawn 1545-BB03 Heavy Vehicle Tax; Definition of Highway Tractor 12/20/2002 Withdrawn 1545-BB70 Temporary Regulations Under Sections 6662 and 6664 Regarding Tax Shelter Penalties 03/12/2003 Withdrawn -------------------------------------------------------------------------------------------------------------------------------------------------------- Office of Thrift Supervision--Prerule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identification Number Number ---------------------------------------------------------------------------------------------------------------- 2876 12 CFR 567 Capital Rules............................................................ 1550-AB11 ---------------------------------------------------------------------------------------------------------------- Office of Thrift Supervision--Final Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identification Number Number ---------------------------------------------------------------------------------------------------------------- 2877 12 CFR 513 Removal, Suspension, and Debarment of Accountants from Performing Audit 1550-AB53 Services............................................................................ ---------------------------------------------------------------------------------------------------------------- Office of Thrift Supervision--Long-Term Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identification Number Number ---------------------------------------------------------------------------------------------------------------- 2878 12 CFR 545 Directors and Officers................................................... 1550-AB19 2879 12 CFR 571 Fair Credit Reporting.................................................... 1550-AB33 2880 12 CFR 563e Community Reinvestment Act.............................................. 1550-AB48 ---------------------------------------------------------------------------------------------------------------- [[Page 30774]] Office of Thrift Supervision--Completed Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identification Number Number ---------------------------------------------------------------------------------------------------------------- 2881 12 CFR 550 Recordkeeping and Confirmation Requirements for Securities Transactions; 1550-AB49 Fiduciary Powers of Savings Associations............................................ 2882 12 CFR 562 Regulatory Reporting Standards: Qualifications for Independent Public 1550-AB54 Accounts Performing Audit Services for Voluntary Audit Filers....................... 2883 12 CFR 506 Savings Associations--Operations; Transactions with Affiliates........... 1550-AB55 ---------------------------------------------------------------------------------------------------------------- _______________________________________________________________________ Department of the Treasury (TREAS) Proposed Rule Stage Departmental Offices (DO) _______________________________________________________________________ 2355. COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFI) PROGRAM NPRM Priority: Substantive, Nonsignificant Legal Authority: 12 USC 4703; 12 USC 4703 note; 12 USC 4717; 31 USC 321 CFR Citation: 12 CFR 1805 Legal Deadline: None Abstract: We are proposing changes to require entities certified by us as Community Development Financial Institutions (CDFIs) to submit reports that we may from time to time require to enable us to better: 1) evaluate the impact of the CDFI Program; and 2) monitor such entities' continued eligibility as certified CDFIs. We are also proposing to give the Fund the discretion to decertify a certified CDFI that does not timely submit such required reports. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/00/03 NPRM Comment Period End 07/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Jeffrey C. Berg, Legal Counsel, Department of the Treasury, Suite 200 South, Community Development Financial Institutions Fund, 601 13th Street NW., Washington, DC 20005 Phone: 202 622-8530 Fax: 202 622-8244 Email: bergj@cdfi.treas.gov RIN: 1505-AA93 _______________________________________________________________________ 2356. AMENDMENTS TO THE GOVERNMENT SECURITIES ACT REGULATIONS: CUSTOMER PROTECTION-RESERVES AND CUSTODY OF SECURITIES Priority: Substantive, Nonsignificant Legal Authority: 15 USC 78o-5(b)(1)(A); 15 USC 78o-5(b)(4) CFR Citation: 17 CFR 403.4 Legal Deadline: None Abstract: The proposal would allow for the expansion of the categories of collateral registered Government securities brokers and dealers may pledge when borrowing fully paid or excess margin securities from customers. This proposal is a conforming technical amendment to the Government Securities Act regulations. It is based on the Securities and Exchange Commission's revisions to its customer protection requirements for brokers and dealers subject to the requirements of 17 CFR 240.15c3-3(b)(3). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/03 NPRM Comment Period End 07/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Lori Santamorena, Executive Director, Department of the Treasury, Bureau of the Public Debt, Room 315, Government Securities Regulations Staff, 999 E Street NW., Washington, DC 20239-0001 Phone: 202 691-3632 Fax: 202 219-3639 Email: govsecreg@bpd.treas.gov Deidere R. Brewer, Government Securities Specialist, Department of the Treasury, Bureau of the Public Debt, Room 315, Government Securities Regulations Staff, 999 E Street NW., Washington, DC 20239-001 Phone: 202 691-3632 Fax: 202 219-3639 Email: govsecreg@bpd.treas.gov Kevin Hawkins, Government Securities Specialist, Department of the Treasury, Bureau of the Public Debt, Room 315, Government Securities Regulations Staff, 999 E Street NW., Washington, DC 20239-0001 Phone: 202 691-3632 Fax: 202 219-3639 Email: govsecreg@bpd.treas.gov RIN: 1505-AA94 _______________________________________________________________________ 2357. [bull] TERRORISM RISK INSURANCE PROGRAM Priority: Other Significant Legal Authority: Terrorism Risk Insurance Act, title I, PL 107-297, 116 Stat 2322; 15 USC 6701 note; 5 USC 301; 31 USC 321 CFR Citation: 31 CFR 50 Legal Deadline: None Abstract: As the statutorily authorized administrator of the Terrorism Risk Insurance Program, Treasury is issuing proposed, interim final, 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 conditions for Federal payment under [[Page 30775]] the Program that require insurers to make certain disclosures to policyholders. The rule also incorporates and clarifies statutory requirements that insurers ``make available,'' in their commercial property and casualty insurance policies, terrorism risk coverage for insured losses under the Program. The rule generally incorporates guidance previously issued by Treasury, but with some modifications. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Notice of Interim Guidance 12/11/02 67 FR 76206 Notice of Interim Guidance 12/26/02 67 FR 78864 Notice of Interim Guidance 01/29/03 68 FR 4544 NPRM 04/18/03 68 FR 19309 NPRM Comment Period End 05/19/03 Interim Final Rule 04/18/03 68 FR 19302 Interim Final Rule Effective 04/18/03 Interim Final Rule Comment Period End 05/19/03 Final Rule 08/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None URL For Public Comments: http://triacomments@do.treas.gov Agency Contact: Mario Ugoletti, Deputy Director, Department of the Treasury, Room 3160, Annex, Office of Financial Institutions, 1500 Pennsylvania Avenue NW., Washington, DC 20220 Phone: 202 622-2730 RIN: 1505-AA98 _______________________________________________________________________ 2358. [bull] TERRORISM RISK INSURANCE PROGRAM Priority: Other Significant Legal Authority: Terrorism Risk Insurance Act, title I, PL 107-297, 116 Stat 2322; 15 USC 6701 note; 5 USC 301; 31 USC 321 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 would apply provisions of the Act to State residual market insurance entities and State workers' compensation funds, which are insurers under the Program. The Act requires Treasury to issue these regulations. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Notice of Interim Guidance 12/11/02 67 FR 76206 Notice of Interim Guidance 12/26/02 67 FR 78864 Notice of Interim Guidance 01/29/03 68 FR 4544 NPRM 04/18/03 68 FR 19309 NPRM Comment Period End 05/19/03 Final Rule 08/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: State URL For Public Comments: http://triacomments@do.treas.gov Agency Contact: Mario Ugoletti, Deputy Director, Department of the Treasury, Room 3160, Annex, Office of Financial Institutions, 1500 Pennsylvania Avenue NW., Washington, DC 20220 Phone: 202 622-2730 RIN: 1505-AA99 _______________________________________________________________________ Department of the Treasury (TREAS) Final Rule Stage Departmental Offices (DO) _______________________________________________________________________ 2359. DEPARTMENT OF THE TREASURY ACQUISITION REGULATION Priority: Substantive, Nonsignificant Legal Authority: EO 12931, as amended, 41 USC 401, et seq; 41 USC 414; 31 USC 5136; 48 CFR ch 1, subpart 1.3 CFR Citation: 48 CFR ch 10 Legal Deadline: None Abstract: The Department of the Treasury is revising the Department of the Treasury Regulation (DTAR) in its entirety. Treasury has rewritten the DTAR into plain English, and has also updated the regulation to reflect changes to the Federal Acquisition Regulation. The DTAR includes both policy direction and regulatory guidance. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/11/02 67 FR 76150 NPRM Comment Period End 01/10/03 Final Rule 05/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Angelie Jackson, Department of the Treasury, Suite 400w, Office of the Procurement Executive, 1500 Pennsylvania Avenue NW., c/o 1310 G Street NW., Washington, DC 20220 Phone: 202 622-0245 Fax: 202 622-2273 Email: angelie.jackson@do.treas.gov RIN: 1505-AA89 _______________________________________________________________________ 2360. TREASURY DEBT COLLECTION Priority: Substantive, Nonsignificant Legal Authority: 5 USC 5514; 26 USC 6402; 31 USC 321; 31 USC 3701; 31 UC 3711; 31 USC 3716 to 3718; 31 USC 3720A; 31 USC 3720B; 31 USC 3720D CFR Citation: 31 CFR 5 Legal Deadline: None Abstract: This rule updates the Department of the Treasury's debt collection regulations to conform with the Debt Collection Improvement Act of 1996, the revised Federal Claims Collection Standards, and other laws applicable to the collection of debts owed to Treasury. This rule also updates Treasury's regulations governing the offset of Treasury- issued payments to collect debts owed to other Federal agencies. [[Page 30776]] Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 10/28/02 67 FR 65843 Interim Final Rule Comment Period End 11/27/02 Final Rule 07/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: Federal Agency Contact: Cathy Thomas, Department of the Treasury, Metropolitan Square Room 6228, Office of the Deputy Chief Financial Officer, 1500 Pennsylvania Avenue NW., Washington, DC 20220 Phone: 202 622-0817 Fax: 202 622-2318 RIN: 1505-AA90 _______________________________________________________________________ 2361. [bull] 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 Rule 07/00/03 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 _______________________________________________________________________ 2362. [bull] TERRORISM RISK INSURANCE PROGRAM Priority: Other Significant Legal Authority: Terrorism Risk Insurance Act, title I, 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, interim final, 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. The interim final rule sets forth the purpose and scope of the Program and key definitions Treasury will use in implementing the Program. In general, the interim final rule incorporates guidance previously issued by Treasury concerning these definitions. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Notice of Interim Guidance 12/11/02 67 FR 76206 Notice of Interim Guidance 12/26/02 67 FR 78864 Notice of Interim Guidance 01/29/03 68 FR 4544 NPRM 02/28/03 68 FR 9815 NPRM Comment Period End 03/31/03 Interim Final Rule 02/28/03 68 FR 9804 Interim Final Rule Effective 02/28/03 Interim Final Rule Comment Period End 03/31/03 Final Rule 06/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None URL For Public Comments: http://triacomments@do.treas.gov Agency Contact: Mario Ugoletti, Deputy Director, Department of the Treasury, Room 3160, Annex, Office of Financial Institutions, 1500 Pennsylvania Avenue NW., Washington, DC 20220 Phone: 202 622-2730 RIN: 1505-AA96 _______________________________________________________________________ 2363. [bull] DISCLOSURE OF RECORDS IN LITIGATION Priority: Substantive, Nonsignificant Legal Authority: 5 USC 301; 31 USC 321 CFR Citation: 31 CFR 1.8 to 1.12 Legal Deadline: None Abstract: This interim final rule amends Treasury's regulations that govern access to information and records in connection with legal proceedings, including litigation in which neither the United States nor the Department of the Treasury is a party. The amendments elaborate on the procedures used when determining whether employees in the Departmental Offices will be permitted to testify or provide records relating to their official duties when they are directly subpoenaed or otherwise requested to testify. The amendments also specify and clarify the criteria that Treasury officials use when deciding whether to allow an employee to testify or provide records. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 03/17/03 68 FR 12584 Interim Final Rule Effective 03/17/03 Interim Final Rule Comment Period End 04/16/03 Final Rule 05/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: Federal Agency Contact: Thomas M. McGivern, Counselor to the General Counsel, Department of the Treasury, Room 3010, 1500 Pennsylvania Avenue NW., Washington, DC 20220 Phone: 202 622-2317 Fax: 202 622-2961 Email: tom.mcgivern@do.treas.gov RIN: 1505-AA97 [[Page 30777]] _______________________________________________________________________ Department of the Treasury (TREAS) Long-Term Actions Departmental Offices (DO) _______________________________________________________________________ 2364. 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: Roger Bezdek Phone: 202 622-1807 RIN: 1505-AA74 _______________________________________________________________________ 2365. 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 _______________________________________________________________________ 2366. 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 _______________________________________________________________________ 2367. 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 Email: gary.sutton@do.treas.gov RIN: 1505-AA84 _______________________________________________________________________ 2368. 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 _______________________________________________________________________ 2369. COMMON RULE SUSPENSION AND DEBARMENT Priority: Substantive, Nonsignificant CFR Citation: 31 CFR 19; 31 CFR 20 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/23/02 67 FR 3265 NPRM Comment Period End 03/25/02 Next Action Undetermined Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Cathy Thomas Phone: 202 622-0817 Fax: 202 622-2318 RIN: 1505-AA86 _______________________________________________________________________ 2370. BANK ENTERPRISE AWARD (BEA) PROGRAM Priority: Substantive, Nonsignificant CFR Citation: 12 CFR 1806 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 02/04/03 68 FR 5717 Interim Final Rule Comment Period End 04/07/03 Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Jeffrey C. Berg Phone: 202 622-8530 Fax: 202 622-8244 Email: bergj@cdfi.treas.gov RIN: 1505-AA91 _______________________________________________________________________ 2371. COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFI) PROGRAM Priority: Substantive, Nonsignificant CFR Citation: 12 CFR 1805 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 02/04/03 68 FR 5704 Interim Final Rule Comment Period End 04/07/03 Next Action Undetermined Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Jeffrey C. Berg Phone: 202 622-8530 Fax: 202 622-8244 Email: bergj@cdfi.treas.gov RIN: 1505-AA92 [[Page 30778]] _______________________________________________________________________ Department of the Treasury (TREAS) Completed Actions Departmental Offices (DO) _______________________________________________________________________ 2372. AMENDMENTS TO THE LARGE POSITION RULES Priority: Substantive, Nonsignificant CFR Citation: 17 CFR 420 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action 12/18/02 67 FR 77411 Final Action Effective 01/17/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Lori Santamorena Phone: 202 691-3632 Fax: 202 219-3639 Email: govsecreg@bpd.treas.gov Lee Grandy Phone: 202 691-3632 Fax: 202 219-3639 Email: govsecreg@bpd.treas.gov RIN: 1505-AA88 BILLING CODE 4810-25-S _______________________________________________________________________ Department of the Treasury (TREAS) Prerule Stage Financial Crimes Enforcement Network (FINCEN) _______________________________________________________________________ 2373. [bull] CUSTOMER IDENTIFICATION PROGRAMS FOR TRAVEL AGENTS Priority: Substantive, Nonsignificant Legal Authority: PL 107-56, sec 326 CFR Citation: Not Yet Determined Legal Deadline: None Abstract: This regulation will require travel agents to adopt and implement reasonable procedures to verify the identity of any person seeking to open an account, to the extent reasonable and practicable; maintain records of the information used to verify the person's identity; and determine whether the person appears on any lists of known or suspected terrorists or terrorist organizations provided to them by any Government agency. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ ANPRM 02/24/03 68 FR 8571 ANPRM Comment Period End 04/10/03 NPRM 06/00/03 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 _______________________________________________________________________ 2374. [bull] 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 12/00/03 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 _______________________________________________________________________ 2375. [bull] 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 06/00/03 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 [[Page 30779]] _______________________________________________________________________ Department of the Treasury (TREAS) Proposed Rule Stage Financial Crimes Enforcement Network (FINCEN) _______________________________________________________________________ 2376. 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 12/00/03 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 _______________________________________________________________________ 2377. AMENDMENTS TO THE BANK SECRECY ACT REGULATIONS--REQUIREMENT THAT FINANCIAL INSTITUTIONS ESTABLISH ANTI-MONEY LAUNDERING PROGRAMS 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 various financial institutions, as defined in the Bank Secrecy Act (BSA). Timetable: ________________________________________________________________________ Anti-Money Laundering Programs for Businesses Engaged in Vehicle Sales, Including Automobile, Airplane & Boat Sales ANPRM 02/24/03 (68 FR 8568) ANPRM Comment Period End 04/10/03 NPRM 06/00/03 Anti-Money Laundering Programs for Commodity Trading Advisors NPRM 05/ 05/03 (68 FR 23640) NPRM Comment Period End 07/07/03 Final Rule 12/ 00/03 Anti-Money Laundering Programs for Dealers in Precious Metals, Stones or Jewels NPRM 02/21/03 (68 FR 8480) NPRM Comment Period End 04/22/ 03 Final Action 09/00/03 Anti-Money Laundering Programs for Financial Institutions Interim Final Rule 04/29/02 (67 FR 21110) Interim Final Rule Comment Period End 05/29/02 Final Action 12/00/03 Anti-Money Laundering Programs for Insurance Companies NPRM 09/26/02 (67 FR 60625) NPRM Comment Period End 11/25/02 Final Rule 12/00/03 Anti-Money Laundering Programs for Investment Advisors NPRM 05/05/03 (68 FR 23646) NPRM Comment Period End 07/07/03 Final Rule 12/00/03 Anti-Money Laundering Programs for Loan & Finance Companies NPRM 06/ 00/03 Anti-Money Laundering Programs for Money Services Businesses Interim Final Rule 04/29/02 (67 FR 21114) Interim Final Rule Comment Period End 05/29/02 Final Action 12/00/03 Anti-Money Laundering Programs for Mutual Funds Interim Final Rule 04/ 29/02 (67 FR 21117) Interim Final Rule Comment Period End 05/29/ 02 Final Action 12/00/03 Anti-Money Laundering Programs for Operators of a Credit Card System Interim Final Rule 04/29/02 (67 FR 21121) Interim Final Rule Comment Period End 05/29/02 Final Action 12/00/03 Anti-Money Laundering Programs for Persons Involved in Real Estate Closings and Settlements ANPRM 04/10/03 (68 FR 17569) ANPRM Comment Period End 06/09/03 NPRM 12/00/03 Anti-Money Laundering Programs for Travel Agencies ANPRM 02/24/03 (68 FR 8571) ANPRM Comment Period End 04/10/03 NPRM 06/00/03 Anti-Money Laundering Programs for Unregistered Investment Companies NPRM 09/26/02 (67 FR 60617) NPRM Comment Period End 11/25/ 02 Final Rule 12/00/03 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-AA28 _______________________________________________________________________ 2378. [bull] 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 12/00/03 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 _______________________________________________________________________ 2379. [bull] 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. [[Page 30780]] Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/17/03 68 FR 18914 NPRM Comment Period End 05/19/03 Final Action 12/00/03 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 _______________________________________________________________________ 2380. [bull] REQUIREMENT THAT FUTURES COMMISSION MERCHANTS AND INTRODUCING BROKERS IN COMMODITIES REPORT SUSPICIOUS TRANSACTIONS Priority: Substantive, Nonsignificant Legal Authority: 12 USC 1829b; 12 USC 1951 to 1959; 31 USC 5311 to 5314; 31 USC 5316 to 5332 CFR Citation: 31 CFR 103.11; 31 CFR 103.17; 31 CFR 103.33; 31 CFR 103.56 Legal Deadline: None Abstract: This document will add futures commission merchants and introducing brokers in commodities to the regulatory definition of ``financial institution,'' and would require that they report suspicious transactions to FinCEN. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/05/03 68 FR 23653 NPRM Comment Period End 07/07/03 Final Rule 12/00/03 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-AA44 _______________________________________________________________________ Department of the Treasury (TREAS) Final Rule Stage Financial Crimes Enforcement Network (FINCEN) _______________________________________________________________________ 2381. 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 12/00/03 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 _______________________________________________________________________ 2382. 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 12/00/03 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 _______________________________________________________________________ 2383. 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. [[Page 30781]] Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/31/01 66 FR 67685 NPRM Comment Period End 03/01/02 Interim Final Rule 12/31/01 66 FR 67680 Final Action 12/00/03 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 _______________________________________________________________________ 2384. 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 title 31, U.S. Code, 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 06/00/03 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 _______________________________________________________________________ 2385. 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 Final Action 06/00/03 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 _______________________________________________________________________ 2386. CUSTOMER IDENTIFICATION PROGRAM FOR BROKER-DEALERS Priority: Substantive, Nonsignificant Legal Authority: 31 USC 5318(l) CFR Citation: 31 CFR 103.122 Legal Deadline: Final, Statutory, October 25, 2002, Public Law 107-56, sec 352. Abstract: This notice of proposed rulemaking proposes to require securities broker-dealers to establish written customer identification programs. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/23/02 67 FR 48206 NPRM Comment Period End 09/06/02 Final Action 06/00/03 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-AA32 _______________________________________________________________________ 2387. CUSTOMER IDENTIFICATION PROGRAM FOR MUTUAL FUNDS Priority: Substantive, Nonsignificant Legal Authority: 31 USC 5318(l) CFR Citation: 31 CFR 103.131 Legal Deadline: Final, Statutory, October 25, 2002, Public Law 107-56, sec 352. Abstract: This notice of proposed rulemaking proposes to require mutual funds to establish written customer identification programs. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/23/02 67 FR 48318 NPRM Comment Period End 09/06/02 Final Action 06/00/03 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-AA33 _______________________________________________________________________ 2388. 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 [[Page 30782]] 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 Rule 06/00/03 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 _______________________________________________________________________ 2389. [bull] 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 09/00/03 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 _______________________________________________________________________ 2390. [bull] FINANCIAL CRIMES ENFORCEMENT NETWORK; DELEGATION OF ENFORCEMENT AUTHORITY REGARDING THE FOREIGN BANK ACCOUNT REPORT REQUIREMENTS Priority: Substantive, Nonsignificant Legal Authority: 12 USC 1829b; 12 USC 1951 to 1959; 31 USC 5311 to 5332; PL 107-56, sec 312; PL 107-56, sec 314; PL 107-56, sec 352 CFR Citation: 31 CFR 103.56 Legal Deadline: None Abstract: FinCEN is amending the regulations implementing the Bank Secrecy Act to reflect that enforcement authority with respect to the foreign bank account report requirements of 31 CFR part 103 has been delegated from FinCEN to the Commissioner of the Internal Revenue Service. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Final Action 05/00/03 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-AA45 _______________________________________________________________________ Department of the Treasury (TREAS) Long-Term Actions Financial Crimes Enforcement Network (FINCEN) _______________________________________________________________________ 2391. 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 [[Page 30783]] _______________________________________________________________________ Department of the Treasury (TREAS) Completed Actions Financial Crimes Enforcement Network (FINCEN) _______________________________________________________________________ 2392. FINANCIAL CRIMES ENFORCEMENT NETWORK; AMENDMENT TO THE BANK SECRECY ACT REGULATIONS--REQUIREMENT THAT CURRENCY EXCHANGERS REPORT SUSPICIOUS TRANSACTIONS Priority: Substantive, Nonsignificant CFR Citation: 31 CFR 103.20 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ NPRM 10/17/02 67 FR 64075 Final Rule 02/10/03 68 FR 6613 Final Action Effective 03/12/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Office of the Chief Counsel Phone: 703 905-3590 Fax: 703 905-3735 RIN: 1506-AA34 BILLING CODE 4820-02-S _______________________________________________________________________ Department of the Treasury (TREAS) Proposed Rule Stage Financial Management Service (FMS) _______________________________________________________________________ 2393. INDORSEMENT AND PAYMENT OF CHECKS DRAWN ON THE UNITED STATES TREASURY Priority: Substantive, Nonsignificant Legal Authority: 5 USC 301; 12 USC 391; 31 USC 321; 31 USC 3327; 31 USC 3328; 31 USC 3331; 31 USC 3334; 31 USC 3343; 31 USC 3702; 31 USC 3702 note; 31 USC 3711; 31 USC 3712; 31 USC 3716; 31 USC 3717; 318 US 363 (1943); 332 US 234 (1947) CFR Citation: 31 CFR 240 Legal Deadline: None Abstract: Notice of proposed rulemaking II (NPRM II) was a reissuance of NPRM I published on September 21, 1995, which proposed to fix the time by which Treasury can decline payment on Treasury checks, provide financial institutions with a date certain for final payments, and provide greater clarity by defining previously undefined terms. NPRM I also proposed that the Department of the Treasury may instruct Federal Reserve Banks to intercept benefit payment checks to deceased payees and to return, unpaid, those checks. In addition to the revisions proposed in NPRM I, NPRM II announced the Department of the Treasury's intent that this regulation supersede Federal common law regarding the risk of loss on checks containing forged disbursing officer signatures, such as counterfeits. The Interim Final Rule will amend this regulation to implement provisions of the Debt Collection Improvement Act of 1996 authorizing the collection of debts owed by presenting banks through Treasury Check Offset. NPRM III is a reissuance of NPRM II and will address, at a minimum, the issues in NPRMs I and II. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM I 09/21/95 60 FR 48940 NPRM Comment Period End 11/06/95 NPRM II 05/30/97 62 FR 29314 NPRM 05/00/03 Final Rule 08/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Federal Agency Contact: Ronald E. Brooks, Senior Program and Policy Analyst, Financial Operations, Department of the Treasury, Financial Management Service, Room 725-D, 3700 East-West Highway, Hyattsville, MD 20782 Phone: 202 874-7573 Email: ronald.brooks@fms.treas.gov RIN: 1510-AA45 _______________________________________________________________________ 2394. 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 proposed 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 non-receipt 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. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/00/03 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 _______________________________________________________________________ 2395. PAYMENT OF FEDERAL TAXES AND THE TREASURY TAX AND LOAN PROGRAM Priority: Other Significant Unfunded Mandates: 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 first rule amends the regulation to provide the Secretary greater flexibility to adjust the rate of [[Page 30784]] interest charged on funds loaned through the Treasury Tax and Loan (TT&L) program. The rule also allows for a new TT&L investment option for financial institutions. This second 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: ________________________________________________________________________ General Revisions NPRM 07/00/03 Final Rule 11/00/03 Treasury Tax and Loan Rate of Interest NPRM 07/30/99 (64 FR 41747) NPRM Comment Period End 09/28/99 Final Action 03/15/02 (67 FR 11573) Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Catherine McHugh, Senior Financial Program Specialist, Department of the Treasury, Financial Management Service, Room 415B, Federal Finance, Asset Management Directorate, Risk Management Division, 401 14th Street SW., Washington, DC 20227 Phone: 202 874-7497 Email: catherine.mchugh@fms.treas.gov RIN: 1510-AA79 _______________________________________________________________________ 2396. MANAGEMENT OF FEDERAL AGENCY RECEIPTS AND DISBURSEMENTS; OPERATION OF THE CASH MANAGEMENT IMPROVEMENT FUND Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Unfunded Mandates: Undetermined Legal Authority: 5 USC 301; 31 USC 321; 31 USC 3301; 31 USC 3302; 31 USC 3321; 31 USC 3327; 31 USC 3332; 31 USC 3335; 31 USC 3720; 31 USC 6503 CFR Citation: 31 CFR 206 Legal Deadline: None Abstract: This regulation governs collection and deposit regulations requiring timely methods, principally Electronic Funds Transfer (EFT), for the collection and deposit of funds as authorized by section 2652 of the Deficit Reduction Act of 1984. This regulation also incorporates revisions authorized by the Cash Management Act of 1990 and the Cash Management Improvement Act Amendments of 1992. These revisions require executive agencies to use effective, efficient disbursement mechanisms, principally EFT, in the delivery of payments. An agency's failure to comply with this regulation may result in a charge equal to the cost of such non-compliance to the Treasury's General Fund. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 11/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Federal Agency Contact: Stephen Kenneally, Financial Program Specialist, Cash Management Policy and Planning Division, Department of the Treasury, Financial Management Service, Room 408D, 401 14th Street SW., Washington, DC 20227 Phone: 202 874-6799 Email: stephen.kenneally@fms.treas.gov RIN: 1510-AA86 _______________________________________________________________________ 2397. WITHHOLDING OF DISTRICT OF COLUMBIA, STATE, CITY, AND COUNTY INCOME, OR EMPLOYMENT TAXES BY FEDERAL AGENCIES Priority: Substantive, Nonsignificant Legal Authority: 5 USC 5516; 5 USC 5517; 5 USC 5520; EO 1197, sec 4 CFR Citation: 31 CFR 215 Legal Deadline: None Abstract: This regulation governs the agreements entered into by the Department of the Treasury and State and local governments for the withholding of State and local income taxes from the compensation of Federal employees. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Federal, State, Local Agency Contact: Stephen Kenneally, Financial Program Specialist, Cash Management Policy and Planning Division, Department of the Treasury, Financial Management Service, Room 408D, 401 14th Street SW., Washington, DC 20227 Phone: 202 874-6799 Email: stephen.kenneally@fms.treas.gov RIN: 1510-AA90 _______________________________________________________________________ Department of the Treasury (TREAS) Final Rule Stage Financial Management Service (FMS) _______________________________________________________________________ 2398. FOREIGN EXCHANGE OPERATIONS Priority: Substantive, Nonsignificant Legal Authority: 22 USC 2363; 31 USC 3513; EO 10488; EO 10900 CFR Citation: 31 CFR 281 Legal Deadline: None Abstract: This regulation governs the administration of the purchase, custody, deposit, transfer, sale, and reporting of foreign exchange (including credits and currencies) by executive departments and agencies. Currently, this regulation allows the purchase of foreign currency to an amount which, together with the balance on hand in the bank, may not exceed estimated requirements for a 30-day period. The revised rule allows the purchase of foreign currency to a balance ``commensurate with immediate disbursing requirements.'' Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/29/96 61 FR 2750 NPRM Comment Period End 02/28/96 Final Action 11/00/03 Regulatory Flexibility Analysis Required: No [[Page 30785]] Government Levels Affected: Federal Agency Contact: Stephen Kenneally, Financial Program Specialist, Cash Management Policy and Planning Division, Department of the Treasury, Financial Management Service, Room 408D, 401 14th Street SW., Washington, DC 20227 Phone: 202 874-6799 Email: stephen.kenneally@fms.treas.gov Walt Henderson, Senior Financial Program Specialist, Cash Management Policy and Planning Directorate, Department of the Treasury, Financial Management Service, 401 14th Street SW., Washington, DC 20227 Phone: 202 874-6705 Email: walt.henderson@fms.treas.gov RIN: 1510-AA48 _______________________________________________________________________ 2399. 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 Final Action 09/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Federal Agency Contact: Wanda Rogers, 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: wanda.rogers@fms.treas.gov RIN: 1510-AA52 _______________________________________________________________________ 2400. OFFSET OF FEDERAL PAYMENTS (OTHER THAN TAX REFUND AND FEDERAL BENEFIT PAYMENTS) TO COLLECT PAST-DUE, LEGALLY ENFORCEABLE NONTAX DEBT Priority: Substantive, Nonsignificant Legal Authority: 31 USC 321; 31 USC 3716 CFR Citation: 31 CFR 285.5 Legal Deadline: None Abstract: This rule governs the administrative offset of Federal payments by disbursing officials of the United States. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 12/26/02 67 FR 78936 Final Rule 10/00/03 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 44AB, 401 14th Street SW., Washington, DC 20227 Phone: 202 874-7131 Fax: 202 874-7494 Email: gerald.isenberg@fms.treas.gov RIN: 1510-AA65 _______________________________________________________________________ 2401. 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. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 04/28/98 63 FR 23353 Final Action 10/00/03 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 44AB, 401 14th Street SW., Washington, DC 20227 Phone: 202 874-7131 Fax: 202 874-7494 Email: gerald.isenberg@fms.treas.gov RIN: 1510-AA70 _______________________________________________________________________ 2402. OFFSET OF TAX REFUND PAYMENT TO COLLECT STATE INCOME TAX OBLIGATIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6402(e) CFR Citation: 31 CFR 285.8 Legal Deadline: None Abstract: This rule governs the offset of Federal tax refund payments to collect delinquent State income taxes. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/20/99 64 FR 71233 Interim Final Rule 12/20/99 64 FR 71227 Final Action 10/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: State, Federal Federalism: Undetermined Agency Contact: Dean Balamaci, Director, Business and Agency Liaison Division, Department of the Treasury, Financial Management Service Phone: 202 874-6660 RIN: 1510-AA78 _______________________________________________________________________ 2403. 2003 ACH RULES Priority: Other Significant 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: This revision of 31 CFR part 210 will reconcile Government [[Page 30786]] Automated Clearing House (ACH) regulations and private industry rules, as set forth by the National Automated Clearing House Association, by updating the incorporation of certain industry rules into Federal law for the year 2003. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 05/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Federal Agency Contact: Donald Skiles, Senior Financial Program Specialist, Department of the Treasury, Financial Management Service, Federal Finance, Asset Management Directorate, Risk Management Division, 401 14th Street SW., Washington, DC 20227 Phone: 202 874-6994 Email: donald.skiles@fms.treas.gov RIN: 1510-AA89 _______________________________________________________________________ 2404. [bull] 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 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: State, Local, Tribal, Federal 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 RIN: 1510-AA91 _______________________________________________________________________ Department of the Treasury (TREAS) Long-Term Actions Financial Management Service (FMS) _______________________________________________________________________ 2405. 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 Timetable: Next Action Undetermined 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 _______________________________________________________________________ 2406. PUBLIC DISSEMINATION OF IDENTITY OF DELINQUENT DEBTORS Priority: Substantive, Nonsignificant CFR Citation: 31 CFR 285.14 Timetable: Next Action Undetermined 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 _______________________________________________________________________ 2407. SURETY BOND REIMBURSEMENT FUND Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. CFR Citation: 31 CFR 223 Timetable: Next Action Undetermined Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Federalism: Undetermined Agency Contact: Wanda Rogers Phone: 202 874-8380 Email: wanda.rogers@fms.treas.gov RIN: 1510-AA85 BILLING CODE 4810-35-S _______________________________________________________________________ Department of the Treasury (TREAS) Proposed Rule Stage Tax and Trade Bureau (TTB) _______________________________________________________________________ 2408. EXPORTATION OF LIQUORS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 27 CFR 252 Legal Deadline: None Abstract: TTB proposes the recodification of 27 CFR part 252 to part 28 to eliminate obsolete or unnecessary rules and forms and streamline export processing, while providing adequate protection for the revenue. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ ANPRM 09/08/92 57 FR 40887 ANPRM Comment Period End 10/08/92 ANPRM Comment Period Extended 10/15/92 57 FR 47320 ANPRM Comment Period Extended End 12/07/92 ANPRM 08/09/96 61 FR 41500 ANPRM Comment Period End 12/10/96 NPRM 01/00/04 [[Page 30787]] 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, Tax and Trade Bureau Phone: 215 333-7050 RIN: 1513-AA00 _______________________________________________________________________ 2409. REVISION OF BREWERY REGULATIONS AND ISSUANCE OF REGULATIONS FOR TAVERNS ON BREWERY PREMISES (BREWPUBS) Priority: Other Significant Legal Authority: 26 USC 5051 to 5057; 26 USC 5401 to 5418; 27 USC 205 CFR Citation: 27 CFR 7; 27 CFR 25 Legal Deadline: None Abstract: TTB intends to streamline regulations applying to breweries. TTB will eliminate obsolete regulatory provisions. A formula system for manufactured beer products will replace statements of process attached to the brewers notice. The annual notice for small brewers to pay the reduced rate of tax will be eliminated. Separate regulations for brewpubs will be added to part 25. A section will be added to part 25 to authorize and regulate the alternating use of brewery premises by different brewers. Regulations authorizing the operation of brew-on- premises facilities will be added to part 25. Statement of Need: TTB intends to streamline its regulations applying to the brewing industry. These changes will simplify brewery reports and operations and eliminate obsolete regulatory provisions. Specific changes would include the implementation of a formula system for the breweries to replace the statement of process; the establishment of a separate subpart containing simplified regulations for brewpubs; authorizing alternating brewery premises among different proprietors; eliminating the annual notice to pay the reduced rate of tax for most breweries; authorizing brewers to file the Brewer's Report of Operations on a quarterly basis; and authorizing many brewers to take inventories quarterly rather than monthly. The rule will also propose minimum production standards for beer thereby reducing formula filings and a revised statement of net contents requirement for certain container sizes. Summary of Legal Basis: TTB has undertaken this review of brewery regulations as part of the President's Regulatory Initiative. These regulations are issued under the general authority of the Secretary of the Treasury to promulgate regulations to implement the Internal Revenue Code and the Federal Alcohol Administration Act. Alternatives: Not applicable. TTB believes that industry will support these regulatory changes because they will streamline regulatory requirements applying to the brewing industry. Anticipated Cost and Benefits: The proposed regulations will benefit the brewing industry by reducing required inventories, notices, and other submissions to TTB. Risks: Not applicable. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: None Additional Information: Transferred from RIN 1512-AB37 Agency Contact: Joanne Brady, TTB Specialist, Department of the Treasury, Tax and Trade Bureau Phone: 215 333-7050 RIN: 1513-AA02 _______________________________________________________________________ 2410. 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 Packaging12/00/03 Revised NPRM-Deceptive Packaging12/00/03 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, Tax and Trade Bureau, 650 Massachusetts Avenue NW., Room 5000, Washington, DC 20226 Phone: 301 290-1460 Fax: 202 927-8525 Email: lisa.gesser@ttb.gov RIN: 1513-AA07 _______________________________________________________________________ 2411. AMENDED STANDARD OF IDENTITY FOR SHERRY Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205 CFR Citation: 27 CFR 4 Legal Deadline: None Abstract: TTB is considering a petition to allow certain types of wine to be labeled as ``sherry'' rather than ``light sherry.'' Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AB96 Agency Contact: Marjorie D. Ruhf, Program Manager, Department of the Treasury, Tax and Trade Bureau, 650 Massachusetts Avenue NW., Washington, DC 20226 Phone: 202 927-8210 Email: marjorie.ruhf@ttb.gov RIN: 1513-AA08 [[Page 30788]] _______________________________________________________________________ 2412. FLAVORED MALT BEVERAGES Priority: Substantive, Nonsignificant Legal Authority: 27 USC 211, 205; 26 USC 5052 CFR Citation: 27 CFR 7; 27 CFR 25 Legal Deadline: None Abstract: TTB issued Rulings 96-1 and 2002-2 to address production and labeling of flavored malt beverages. TTB is studying the issue of flavored malt beverages and is considering rulemaking to address production, identity, labeling, formulation, and tax issues. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 03/24/03 68 FR 17760 NPRM Comment Period End 06/23/03 Final Action 01/00/04 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: Businesses Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC11 Agency Contact: Charles N. Bacon, Program Manager, Department of the Treasury, Tax and Trade Bureau, Room 701, 10 Causeway Street, Boston, MA 02222 Phone: 617 557-1323 Fax: 617 557-1251 Email: charles.bacon@ttb.treas.gov RIN: 1513-AA12 _______________________________________________________________________ 2413. 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 12/00/03 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, Tax and Trade Bureau Phone: 202 927-8181 RIN: 1513-AA16 _______________________________________________________________________ 2414. PRODUCTION OF DRIED FRUIT AND HONEY WINES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 5381; 26 USC 5382; 26 USC 5385; 26 USC 5386; 26 USC 5387 CFR Citation: 27 CFR 24 Legal Deadline: None Abstract: TTB has received two petitions relating to the production of agricultural wines. One petition proposes that the wine regulations be amended to allow for the production of dried fruit wines with an alcohol by volume content of more than 14 percent. The second petition proposes that the regulations be amended to allow for the production of honey wines with a starting Brix of less than 22 degrees. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC48 Agency Contact: Jennifer Berry, TTB Specialist, Department of the Treasury, Tax and Trade Bureau, P.O. Box 18152, Roanoke, VA 24014 Phone: 540 344-9333 RIN: 1513-AA21 _______________________________________________________________________ 2415. PETITION TO ESTABLISH THE ``SANTA BARBARA HIGHLANDS'' 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 ``Santa Barbara Highlands'' as an American viticultural area. The proposed Santa Barbara Highlands area is located in Santa Barbara and Ventura Counties in California. The petition was submitted by Nebil Zarif, President, Barnwood Vineyards. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC53 Agency Contact: Timothy P. DeVanney, TTB Specialist, Department of the Treasury, Tax and Trade Bureau, 650 Massachusetts Avenue NW., RM 5000, Washington, DC 20226 Phone: 202 927-8196 Fax: 202 927-8525 RIN: 1513-AA24 _______________________________________________________________________ 2416. REGULATORY CHANGES FROM CUSTOMS SERVICE FINAL RULE (2001R-140T) 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 U.S. Customs Service (USCS) final rule (T.D. 92-181, 57 FR 37692). The USCS 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 [[Page 30789]] 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 12/00/03 Interim Final Rule 12/00/03 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, Tax and Trade Bureau Phone: 202 927-8181 RIN: 1513-AA26 _______________________________________________________________________ 2417. 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 12/00/03 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, Tax and Trade Bureau Phone: 202 927-8181 RIN: 1513-AA27 _______________________________________________________________________ 2418. PROPOSED ``SAN BERNABE'' VITICULTURAL AREA Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: The TTB has received petitions proposing the establishment of the ``San Bernabe'' viticultural area and the realignment of the San Lucas American Viticultural Area (AVA). Both areas are situated within the Central Coast AVA and the Monterey AVA and are located in central Monterey County, California. The proposed San Bernabe AVA would consist of 24,796 acres of land that the petitioner states is predominantly rolling hills with sandy soils that differ from the surrounding Monterey AVA. The San Lucas realignment would transfer 1,100 of its northwest acres to the proposed San Bernabe southern area in an effort to conform with geographic considerations of the new area. These proposals are the result of petitions filed by Claude Hoover of Delicato Family Vineyards. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC60 Agency Contact: Nancy Sutton, TTB Specialist, Department of the Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures Division, 650 Massachusetts Avenue NW., Washington, DC 20226 Phone: 415 271-1254 Fax: 707 773-1415 Email: nancy.sutton@ttb.gov RIN: 1513-AA28 _______________________________________________________________________ 2419. PETITION TO ESTABLISH THE ``TRINITY LAKE'' VITICULTURAL AREA Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: TTB has received a petition from Keith Groves of Alpen Cellars proposing the establishment of a viticultural area located in Trinity County, California. The proposed Trinity Lake viticultural area consists of approximately 96,000 acres. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC62 Agency Contact: Timothy P. DeVanney, TTB Specialist, Department of the Treasury, Tax and Trade Bureau, 650 Massachusetts Avenue NW., RM 5000, Washington, DC 20226 Phone: 202 927-8196 Fax: 202 927-8525 RIN: 1513-AA29 _______________________________________________________________________ 2420. REMOVAL OF TOBACCO PRODUCTS AND CIGARETTE PAPERS AND TUBES WITHOUT PAYMENT OF TAX FOR USE OF THE UNITED STATES Priority: Info./Admin./Other Legal Authority: 26 USC 7805 CFR Citation: 27 CFR 45 Legal Deadline: None Abstract: This proposed rule revises, in plain language, the existing regulations relating to the removal of tobacco products and cigarette papers and tubes, without payment of tax, for use of the United States. TTB is proposing this rule to clearly communicate the requirements of these regulations. In addition, we are liberalizing the requirements for emergency variations. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No [[Page 30790]] Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC75 Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the Treasury, Tax and Trade Bureau Phone: 202 927-8181 RIN: 1513-AA38 _______________________________________________________________________ 2421. 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 05/00/03 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, Tax and Trade Bureau, P.O. Box 18152, Roanoke, VA 24014 Phone: 540 344-9333 RIN: 1513-AA41 _______________________________________________________________________ 2422. PROPOSED ADDITION OF NEW GRAPE VARIETY NAMES FOR AMERICAN WINES Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205 CFR Citation: 27 CFR 4 Legal Deadline: None Abstract: TTB has received petitions proposing to add several names to the list of grape variety names used to designate American wines. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 10/00/03 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, Tax and Trade Bureau, P.O. Box 18152, Roanoke, VA 24014 Phone: 540 344-9333 RIN: 1513-AA42 _______________________________________________________________________ 2423. PETITION TO ESTABLISH ``COLUMBIA GORGE'' 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 ``Columbia Gorge'' viticultural area located in Hood River and Wasco Counties, Oregon and Skamania and Klickitat Counties, Washington. The area is approximately 280 square miles covering 179,200 acres with 284 acres presented planted to wine grapes. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC81 Agency Contact: Bernard J. Kipp, TTB Specialist, Department of the Treasury, Tax and Trade Bureau Phone: 503 356-1341 RIN: 1513-AA43 _______________________________________________________________________ 2424. 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 12/00/03 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, Tax and Trade Bureau Phone: 202 927-8181 RIN: 1513-AA49 _______________________________________________________________________ 2425. PETITION TO ESTABLISH ``DUNDEE 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 from the North Willamette Valley AVA Group proposing to establish the ``Dundee Hills'' American viticultural area in Yamhill County, Oregon. This petitioned viticultural area has 6,490 acres, with 1,264 acres planted to wine grapes, and is on the north side of the Willamette Valley viticultural area in northwest Oregon. In November 2002, the petitioning group amended their viticultural area petition from the Red Hills of Dundee to the Dundee Hills to avoid confusion with any other Red Hills viticultural area. Substantiating name evidence for the ``Dundee Hills'' name has been provided. [[Page 30791]] Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC91 Agency Contact: Nancy Sutton, TTB Specialist, Department of the Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures Division, 650 Massachusetts Avenue NW., Washington, DC 20226 Phone: 415 271-1254 Fax: 707 773-1415 Email: nancy.sutton@ttb.gov RIN: 1513-AA50 _______________________________________________________________________ 2426. 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 09/00/03 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, Tax and Trade Bureau Phone: 202 927-8181 RIN: 1513-AA51 _______________________________________________________________________ 2427. 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 12/00/03 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, Tax and Trade Bureau Phone: 202 927-8181 RIN: 1513-AA52 _______________________________________________________________________ 2428. PETITION TO ESTABLISH ``SNAKE RIVER VALLEY'' AS A NEW VITICULTURAL AREA Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: TTB received a petition proposing ``Snake River Valley'' as a new American viticultural area located in the States of Idaho and Washington. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC98 Agency Contact: Timothy P. DeVanney, TTB Specialist, Department of the Treasury, Tax and Trade Bureau, 650 Massachusetts Avenue NW., RM 5000, Washington, DC 20226 Phone: 202 927-8196 Fax: 202 927-8525 RIN: 1513-AA53 _______________________________________________________________________ 2429. 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 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. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC99 Agency Contact: Timothy P. DeVanney, TTB Specialist, Department of the Treasury, Tax and Trade Bureau, 650 Massachusetts Avenue NW., RM 5000, Washington, DC 20226 Phone: 202 927-8196 Fax: 202 927-8525 RIN: 1513-AA54 [[Page 30792]] _______________________________________________________________________ 2430. 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. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AD00 Agency Contact: Timothy P. DeVanney, TTB Specialist, Department of the Treasury, Tax and Trade Bureau, 650 Massachusetts Avenue NW., RM 5000, Washington, DC 20226 Phone: 202 927-8196 Fax: 202 927-8525 RIN: 1513-AA55 _______________________________________________________________________ 2431. PETITION TO ESTABLISH ``UPPER ARROYO GRANDE'' 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 proposing the establishment of ``Upper Arroyo Grande,'' located in the State of California, as a new American viticultural area. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AD01 Agency Contact: Timothy P. DeVanney, TTB Specialist, Department of the Treasury, Tax and Trade Bureau, 650 Massachusetts Avenue NW., RM 5000, Washington, DC 20226 Phone: 202 927-8196 Fax: 202 927-8525 RIN: 1513-AA56 _______________________________________________________________________ 2432. 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. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AD02 Agency Contact: Bernard J. Kipp, TTB Specialist, Department of the Treasury, Tax and Trade Bureau Phone: 503 356-1341 RIN: 1513-AA57 _______________________________________________________________________ 2433. 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. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AD03 Agency Contact: Bernard J. Kipp, TTB Specialist, Department of the Treasury, Tax and Trade Bureau Phone: 503 356-1341 RIN: 1513-AA58 _______________________________________________________________________ 2434. PETITION TO ESTABLISH ``YAMHILL-CARLTON DISTRICT'' 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 ``Yamhill-Carlton District'' viticultural area. The proposed area falls within the approved boundaries of the Willamette Valley viticultural area in northwest Oregon. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AD04 Agency Contact: Bernard J. Kipp, TTB Specialist, Department of the Treasury, Tax and Trade Bureau Phone: 503 356-1341 RIN: 1513-AA59 _______________________________________________________________________ 2435. ELECTRONIC SIGNATURES; ELECTRONIC SUBMISSION OF FORMS TO TTB (2000R-458P) Priority: Other Significant Legal Authority: Not Yet Determined CFR Citation: Not Yet Determined Legal Deadline: None Abstract: TTB proposes to amend the regulations to permit industry members to use electronic technology to reduce the need for and storage of paper documents. In order to accomplish our [[Page 30793]] goals, we are proposing to allow industry members to: (1) use electronic signatures to sign certain forms instead of using traditional handwritten signatures; and (2) submit certain forms to TTB electronically through an electronic document receiving system that we approve. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/11/03 68 FR 17760 NPRM Comment Period End 05/12/03 Final Action 06/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC84 Agency Contact: Lisa M. Gesser, TTB Specialist, Department of the Treasury, Tax and Trade Bureau, 650 Massachusetts Avenue NW., Room 5000, Washington, DC 20226 Phone: 301 290-1460 Fax: 202 927-8525 Email: lisa.gesser@ttb.gov RIN: 1513-AA61 _______________________________________________________________________ 2436. [bull] PETITION TO ESTABLISH ``MCMINNVILLE'' AS AN AMERICAN VITICULTURAL AREA IN OREGON Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: TTB has received a petition proposing ``McMinnville'' as a new American viticultural area in Oregon. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Jennifer Berry, TTB Specialist, Department of the Treasury, Tax and Trade Bureau, P.O. Box 18152, Roanoke, VA 24014 Phone: 540 344-9333 RIN: 1513-AA63 _______________________________________________________________________ 2437. [bull] 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: TTB has received a petition from Patrick Shabram proposing to establish the ``Fort Ross Seaview'' American viticultural area in north Sonoma County, California. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Nancy Sutton, TTB Specialist, Department of the Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures Division, 650 Massachusetts Avenue NW., Washington, DC 20226 Phone: 415 271-1254 Fax: 707 773-1415 Email: nancy.sutton@ttb.gov RIN: 1513-AA64 _______________________________________________________________________ 2438. [bull] PETITION TO ESTABLISH THE ``ALEXANDER MOUNTAIN'' VITICULTURAL AREA Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: TTB has received a petition from the Jackson Family Investment of Santa Rosa, California, to establish the ``Alexander Mountain'' viticultural area in Sonoma County, California. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Nancy Sutton, TTB Specialist, Department of the Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures Division, 650 Massachusetts Avenue NW., Washington, DC 20226 Phone: 415 271-1254 Fax: 707 773-1415 Email: nancy.sutton@ttb.gov RIN: 1513-AA65 _______________________________________________________________________ 2439. PETITION TO ESTABLISH ``GRAND LAKE O' THE CHEROKEES'' 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 proposing ``Grand Lake O' the Cherokees'' as a new American viticultural area in Oklahoma. The proposed area is located in the northeastern region of the State. The proposed viticultural area encompasses Craig and portions of Ottawa, Delaware, and Hayes Counties. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 03/00/04 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC97 Agency Contact: Timothy P. DeVanney, TTB Specialist, Department of the Treasury, Tax and Trade Bureau, 650 Massachusetts Avenue NW., RM 5000, Washington, DC 20226 Phone: 202 927-8196 Fax: 202 927-8525 RIN: 1513-AA66 _______________________________________________________________________ 2440. [bull] 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: TTB received a petition in January 2003, from Russian River Valley Winegrowers group proposing to expand the Russian River Valley viticultural area's south and east boundaries area by 30,200 acres in Sonoma County, California. TTB received a separate Russian River Valley expansion petition in August [[Page 30794]] 2002, from Mr. Donald Carano proposing a 767-acre east boundary expansion, located within this larger proposed expansion area. Mr. Carano's expansion petition has been addressed in a separate NPRM and is being prepared for a final rule. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Nancy Sutton, TTB Specialist, Department of the Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures Division, 650 Massachusetts Avenue NW., Washington, DC 20226 Phone: 415 271-1254 Fax: 707 773-1415 Email: nancy.sutton@ttb.gov Related RIN: Related To 1513-AA68 RIN: 1513-AA67 _______________________________________________________________________ 2441. [bull] PETITION TO ESTABLISH THE ``SALADO CREEK'' 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 ``Salado Creek'' viticultural area in west Stanislaus County, California. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Nancy Sutton, TTB Specialist, Department of the Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures Division, 650 Massachusetts Avenue NW., Washington, DC 20226 Phone: 415 271-1254 Fax: 707 773-1415 Email: nancy.sutton@ttb.gov RIN: 1513-AA69 _______________________________________________________________________ 2442. [bull] 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 has received a petition to establish the ``Shawnee Hills'' viticultural area in southern Illinois. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Kristy Colon, TTB Specialist, Department of the Treasury, Tax and Trade Bureau, Room 5000, 650 Massachusetts Avenue NW., Washington, DC 20226 Phone: 202 927-8210 Fax: 202 927-8525 Email: kristy.colon@ttb.treas.gov RIN: 1513-AA70 _______________________________________________________________________ 2443. [bull] PROPOSED AMENDED BOUNDARIES FOR THE SANTA LUCIA HIGHLANDS AND THE ARROYO SECO VITICULTURAL AREA (03R-083P) 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 aareas located in Monterey County, California. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Kristy Colon, TTB Specialist, Department of the Treasury, Tax and Trade Bureau, Room 5000, 650 Massachusetts Avenue NW., Washington, DC 20226 Phone: 202 927-8210 Fax: 202 927-8525 Email: kristy.colon@ttb.treas.gov RIN: 1513-AA72 _______________________________________________________________________ Department of the Treasury (TREAS) Final Rule Stage Tax and Trade Bureau (TTB) _______________________________________________________________________ 2444. IMPLEMENTATION OF WINE CREDIT PROVISIONS OF PUBLIC LAW 104-188 Priority: Substantive, Nonsignificant Legal Authority: 5 USC 552(a); 26 USC 5041 CFR Citation: 27 CFR 24.278; 27 CFR 24.279 Legal Deadline: None Abstract: TTB is amending wine regulations to implement a change in the law that allows certain transferees in bond to deduct the tax credit for small wine producers. Changes to bond calculations are also included in this regulation. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/02/97 62 FR 29681 Interim Final Rule 06/02/97 62 FR 29663 NPRM Comment Period End 08/01/97 Final Action 06/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AB65 Agency Contact: Marjorie D. Ruhf, Program Manager, Department of the Treasury, Tax and Trade Bureau, 650 Massachusetts Avenue NW., Washington, DC 20226 Phone: 202 927-8210 [[Page 30795]] Email: marjorie.ruhf@ttb.gov RIN: 1513-AA05 _______________________________________________________________________ 2445. 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 Legal Authority: 26 USC 5044; 26 USC 5361; 26 USC 5367; 26 USC 5371 CFR Citation: 27 CFR 24.66; 27 CFR 24.295; 27 CFR 24.312 Legal Deadline: None Abstract: TTB is issuing changes to the wine regulations as a result of the enactment of the Taxpayer Relief Act of 1997 and the Internal Revenue Service Reconstruction and Reform Act of 1998. This amendment informs interested parties of changes by these acts that provide for a refund of the tax for all wine returned to bond, rather than exclusively for unmerchantable or domestic wine returned to bond. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 06/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AB74 Agency Contact: Marjorie D. Ruhf, Program Manager, Department of the Treasury, Tax and Trade Bureau, 650 Massachusetts Avenue NW., Washington, DC 20226 Phone: 202 927-8210 Email: marjorie.ruhf@ttb.gov RIN: 1513-AA06 _______________________________________________________________________ 2446. 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 Interim Final Rule Comment Period End 05/03/00 65 FR 17477 Final Action 12/00/03 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, Tax and Trade Bureau Phone: 202 927-8181 RIN: 1513-AA10 _______________________________________________________________________ 2447. TOBACCO PRODUCTS AND CIGARETTE PAPERS AND TUBES SHIPPED FROM PUERTO RICO TO THE UNITED STATES Priority: Substantive, Nonsignificant Legal Authority: 27 USC 5701; 27 USC 7652 CFR Citation: 27 CFR 275 Legal Deadline: None Abstract: This temporary rule eliminates TTB onsite supervision of tobacco products and cigarette papers and tubes of Puerto Rican manufacture that are shipped from Puerto Rico to the United States. It also eliminates related forms. This rule requires that persons who ship such articles maintain records so that the amount of tax is calculated and recorded for TTB audit and examination. Also, this temporary rule simplifies and clarifies certain sections. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 03/08/01 66 FR 13864 Interim Final Rule 03/08/01 66 FR 13849 NPRM Comment Period End 05/07/01 66 FR 13864 Final Action 11/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC24 Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the Treasury, Tax and Trade Bureau Phone: 202 927-8181 RIN: 1513-AA17 _______________________________________________________________________ 2448. ELIMINATION OF STATISTICAL CLASSES FOR LARGE CIGARS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805, 5722 CFR Citation: 27 CFR 40; 27 CFR 275 Legal Deadline: None Abstract: This notice proposes to eliminate reporting categories in regulations. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 11/05/02 67 FR 67340 NPRM Comment Period End 12/05/02 Final Action 06/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC33 Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the Treasury, Tax and Trade Bureau Phone: 202 927-8181 RIN: 1513-AA18 _______________________________________________________________________ 2449. IMPORTATION OF TOBACCO PRODUCTS AND CIGARETTE PAPERS AND TUBES; RECODIFICATION OF REGULATIONS Priority: Info./Admin./Other Legal Authority: 26 USC 7805 CFR Citation: 27 CFR 41; 27 CFR 275 Legal Deadline: None Abstract: TTB is recodifying the regulations in part 275, Importation of Tobacco Products and Cigarette Papers and Tubes. The purpose of this recodification is to reissue the regulations in part 275 of title 27 of the Code of Federal Regulations (CFR) [[Page 30796]] as 27 CFR part 41. In addition, we are making the necessary nomenclature changes to this part due to the reorganization of ATF into two separate bureaus. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Final Action 07/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC46 Agency Contact: Nancy Sutton, TTB Specialist, Department of the Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures Division, 650 Massachusetts Avenue NW., Washington, DC 20226 Phone: 415 271-1254 Fax: 707 773-1415 Email: nancy.sutton@ttb.gov RIN: 1513-AA20 _______________________________________________________________________ 2450. AMELIORATION OF FRUIT AND AGRICULTURAL WINES; TECHNICAL AMENDMENTS Priority: Info./Admin./Other Legal Authority: 27 USC 205 CFR Citation: 27 CFR 4 Legal Deadline: None Abstract: TTB is correcting a technical error in 27 CFR 4.22(b) regarding the ameliorating of non-grape wines. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 10/03/02 67 FR 61998 NPRM Comment Period End 12/02/02 Final Action 07/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC63 Agency Contact: Jennifer Berry, TTB Specialist, Department of the Treasury, Tax and Trade Bureau, P.O. Box 18152, Roanoke, VA 24014 Phone: 540 344-9333 RIN: 1513-AA30 _______________________________________________________________________ 2451. PETITION TO ESTABLISH ``RED HILLS'' AMERICAN VITICULTURAL AREA Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: This proposed viticultural area of northern California lies within the Clear Lake viticultural area in Lake County, which is entirely within the multi-county North Coast viticultural area. The area consists of approximately 31,250 acres of hilly terrain covered with rocky, volcanic soil. The notice of proposed rulemaking comment period closes March 17, 2003, at which time comments and concerns about the proposed boundaries and the ``Red Hills'' name will be evaluated. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 10/30/02 67 FR 66083 NPRM Comment Period End 12/30/02 NPRM Comment Period Reopened 01/16/03 68 FR 2262 Second NPRM Comment Period End 03/17/03 Final Action 09/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC66 Agency Contact: Nancy Sutton, TTB Specialist, Department of the Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures Division, 650 Massachusetts Avenue NW., Washington, DC 20226 Phone: 415 271-1254 Fax: 707 773-1415 Email: nancy.sutton@ttb.gov RIN: 1513-AA33 _______________________________________________________________________ 2452. PETITION TO ESTABLISH ``SENECA LAKE'' AS AN AMERICAN VITICULTURAL AREA Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: TTB is requesting comments from interested parties concerning the proposed establishment of ``Seneca Lake'' as an American viticultural area. The proposed Seneca Lake viticultural area encompasses about 204,600 acres of land surrounding Seneca Lake in upstate New York. The proposed area is located within the approved Finger Lakes viticultural area. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 10/21/02 67 FR 64575 NPRM Comment Period End 12/20/02 Final Action 05/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC70 Agency Contact: Kristy Colon, TTB Specialist, Department of the Treasury, Tax and Trade Bureau, Room 5000, 650 Massachusetts Avenue NW., Washington, DC 20226 Phone: 202 927-8210 Fax: 202 927-8525 Email: kristy.colon@ttb.treas.gov RIN: 1513-AA34 _______________________________________________________________________ 2453. PETITION TO ESTABLISH ``BENNETT VALLEY'' AS AN AMERICAN VITICULTURAL AREA Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: The proposed 8,100-acre viticultural area is located entirely within the North Coast viticultural area of northern California, Sonoma County, and predominantly within the Sonoma Valley viticultural area. There are small overlaps into the Sonoma Coast and Sonoma Mountain viticultural areas. The petitioned area is approximately 40 miles northeast of San Francisco and is bordered by mountains, foothills, and the City of Santa Rosa. Currently, there are 650 acres of vineyards. The notice of proposed rulemaking comment period closed January 21, 2003, with no comments received. The final rule is being prepared for review. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 11/22/02 67 FR 70352 [[Page 30797]] NPRM Comment Period End 01/21/03 Final Action 08/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC72 Agency Contact: Nancy Sutton, TTB Specialist, Department of the Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures Division, 650 Massachusetts Avenue NW., Washington, DC 20226 Phone: 415 271-1254 Fax: 707 773-1415 Email: nancy.sutton@ttb.gov RIN: 1513-AA36 _______________________________________________________________________ 2454. PETITION FOR THE ESTABLISHMENT OF ``RED HILL'' AS AN AMERICAN VITICULTURAL AREA Priority: Substantive, Nonsignificant Legal Authority: 26 USC 205(e) CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: TTB received a petition proposing the establishment of ``Red Hill'' as an American viticultural area located within the State of Oregon. The proposed viticultural area consists of approximately 1,668 acres or 8.6 square miles. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 10/30/02 67 FR 66079 NPRM Comment Period End 12/30/02 NPRM Comment Period Reopened 01/16/03 68 FR 2262 Second NPRM Comment Period End 03/17/03 Final Action 09/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC76 Agency Contact: Timothy P. DeVanney, TTB Specialist, Department of the Treasury, Tax and Trade Bureau, 650 Massachusetts Avenue NW., RM 5000, Washington, DC 20226 Phone: 202 927-8196 Fax: 202 927-8525 RIN: 1513-AA39 _______________________________________________________________________ 2455. PETITION TO CHANGE THE TEMECULA VITICULTURAL AREA'S NAME TO TEMECULA VALLEY Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: The proposed name change from Temecula to Temecula Valley is intended to provide a more accurate portrayal of the viticultural area, geographically and politically, and to provide clarity to wine consumers. The boundaries will not change. The notice of proposed rulemaking comment period closed December 20, 2002, with favorable comments received. The final rule is being prepared for review. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 10/21/02 67 FR 64573 NPRM Comment Period End 12/20/02 Final Action 07/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC77 Agency Contact: Nancy Sutton, TTB Specialist, Department of the Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures Division, 650 Massachusetts Avenue NW., Washington, DC 20226 Phone: 415 271-1254 Fax: 707 773-1415 Email: nancy.sutton@ttb.gov RIN: 1513-AA40 _______________________________________________________________________ 2456. 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 08/00/03 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, Tax and Trade Bureau, 650 Massachusetts Avenue NW., Room 5000, Washington, DC 20226 Phone: 301 290-1460 Fax: 202 927-8525 Email: lisa.gesser@ttb.gov RIN: 1513-AA45 _______________________________________________________________________ 2457. 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 United States 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 are due March 27, 2003. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 10/08/02 67 FR 62860 Temporary Rule 10/08/02 67 FR 62856 Final Action 08/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC87 [[Page 30798]] Agency Contact: Marjorie D. Ruhf, Program Manager, Department of the Treasury, Tax and Trade Bureau, 650 Massachusetts Avenue NW., Washington, DC 20226 Phone: 202 927-8210 Email: marjorie.ruhf@ttb.gov RIN: 1513-AA46 _______________________________________________________________________ 2458. PETITION TO ESTABLISH ``OAK KNOLL DISTRICT'' AS A NEW AMERICAN VITICULTURAL AREA Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205 CFR Citation: 27 CFR 9 Legal Deadline: None Abstract: TTB is proposing the establishment of the ``Oak Knoll District'' viticultural area in Napa County, California. This action is in response to a petition by the Oak Knoll District Committee. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/09/02 67 FR 45437 NPRM Comment Period End 09/09/02 Final Action 05/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC89 Agency Contact: Joanne Brady, TTB Specialist, Department of the Treasury, Tax and Trade Bureau Phone: 215 333-7050 RIN: 1513-AA48 _______________________________________________________________________ 2459. PLAIN LANGUAGE IN PART 7 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 to plain language. The revision will make no substantive changes to the current 27 CFR part 7. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/27/02 67 FR 43496 NPRM Comment Period Extended 08/22/02 67 FR 54388 NPRM Comment Period End 08/26/02 NPRM Comment Period End 09/25/02 Final Action 12/00/03 Final Action Effective 01/00/04 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC10 Agency Contact: Charles N. Bacon, Program Manager, Department of the Treasury, Tax and Trade Bureau, Room 701, 10 Causeway Street, Boston, MA 02222 Phone: 617 557-1323 Fax: 617 557-1251 Email: charles.bacon@ttb.treas.gov RIN: 1513-AA60 _______________________________________________________________________ 2460. [bull] PETITION NO. 1 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: TTB received a petition in August 2002, from Mr. Donald Carano to expand the Russian River Valley viticultural area's east boundary area by 767 acres in Sonoma County, California. The public comments indicated a general acceptance, without significant opposition, to the expansion area. In January 2003, TTB received a separate petition from the Russian River Valley Winegrowers group proposing a larger expansion to the east and south Russian River Valley viticultural boundary areas, which includes Mr. Carano's proposed expansion area. The second expansion petition will be addressed in a separate NPRM. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/08/03 68 FR 1020 NPRM Comment Period End 03/10/03 Final Action 07/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Nancy Sutton, TTB Specialist, Department of the Treasury, Tax and Trade Bureau, Room 5000, Regulations and Procedures Division, 650 Massachusetts Avenue NW., Washington, DC 20226 Phone: 415 271-1254 Fax: 707 773-1415 Email: nancy.sutton@ttb.gov Related RIN: Related To 1513-AA67 RIN: 1513-AA68 _______________________________________________________________________ Department of the Treasury (TREAS) Long-Term Actions Tax and Trade Bureau (TTB) _______________________________________________________________________ 2461. ALCOHOLIC CONTENT LABELING FOR MALT BEVERAGES Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205(e) CFR Citation: 27 CFR 7 Legal Deadline: None Abstract: An October 28, 1992, decision in the U.S. District Court for the District of Colorado held that the Federal Alcohol Administration (FAA) Act prohibition against the statement of alcoholic content on malt beverage labels is unconstitutional under the First Amendment. ATF issued an interim rule on April 19, 1993, which permits the optional labeling of malt beverages with their alcoholic content. The Supreme Court heard oral arguments in the appeal of this court decision on November 30, 1994. The Supreme Court decided this case on April 19, 1995, in favor of Coors, and unanimously found the FAA Act prohibition against labeling malt beverages with their alcohol content unconstitutional. TTB will issue notice of proposed rulemaking on the subject of malt beverage labeling to request information on tolerances, type size, [[Page 30799]] placement, and whether such an alcoholic content labeling requirement should be mandatory. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/19/93 58 FR 21233 Interim Final Rule 04/19/93 58 FR 21228 NPRM Comment Period End 07/19/93 NPRM Comment Period Extended 07/19/93 58 FR 38543 NPRM Comment Period Extended End09/17/93 Second NPRM To Be Determined Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AB17 Agency Contact: Bernard J. Kipp, TTB Specialist, Department of the Treasury, Tax and Trade Bureau Phone: 503 356-1341 RIN: 1513-AA01 _______________________________________________________________________ 2462. SAKE REGULATIONS Priority: Substantive, Nonsignificant Legal Authority: 27 USC 205, 211; 26 USC 5052 CFR Citation: Not Yet Determined Legal Deadline: None Abstract: TTB is considering changes to regulations to eliminate confusion as to the standards of production, labeling, advertising, and tax classification of sake and similar alcohol beverages. Timetable: Next Action Undetermined Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: Businesses Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC09 Agency Contact: Bernard J. Kipp, TTB Specialist, Department of the Treasury, Tax and Trade Bureau Phone: 503 356-1341 RIN: 1513-AA11 _______________________________________________________________________ 2463. PROHIBITED MARKS ON PACKAGES OF TOBACCO PRODUCTS AND CIGARETTE PAPERS AND TUBES IMPORTED OR BROUGHT INTO THE UNITED STATES Priority: Substantive, Nonsignificant Legal Authority: 27 USC 5723 CFR Citation: 27 CFR 275 Legal Deadline: None Abstract: This notice proposes a new rule that will prohibit any mark on packages of tobacco products and cigarette papers and tubes imported or brought into the United States indicating that U.S. tax has not been paid or that the product is not intended for sale or use in the United States. Because current regulations only prohibit markings on such packages that indicate U.S. tax has been paid, packages of products with marks such as ``U.S. tax-exempt'' or ``sale prohibited in the United States'' are being imported or brought into the United States. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM To Be Determined Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC14 Agency Contact: Linda Wade-Chapman, TTB Specialist, Department of the Treasury, Tax and Trade Bureau Phone: 202 927-8181 RIN: 1513-AA14 _______________________________________________________________________ 2464. REMOVAL OF REQUIREMENT TO DISCLOSE SACCHARIN IN THE LABELING OF WINE, DISTILLED SPIRITS, AND MALT BEVERAGES Priority: Info./Admin./Other Legal Authority: 27 USC 205 CFR Citation: 27 CFR 4.32(d); 27 CFR 5.32(b)(6); 27 CFR 7.22(b)(5) Legal Deadline: None Abstract: Since the artificial sweetener saccharin is no longer listed as an anticipated carcinogen, TTB plans to remove its requirement for a warning label on alcohol beverages containing saccharin as soon as the law requiring such warnings (21 U.S.C. 343) is repealed or when it expires on May 1, 2002. Timetable: Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC17 Agency Contact: Marjorie D. Ruhf, Program Manager, Department of the Treasury, Tax and Trade Bureau, 650 Massachusetts Avenue NW., Washington, DC 20226 Phone: 202 927-8210 Email: marjorie.ruhf@ttb.gov RIN: 1513-AA15 _______________________________________________________________________ 2465. 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 To Be Determined 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, Tax and Trade Bureau Phone: 202 927-7460 RIN: 1513-AA19 _______________________________________________________________________ 2466. PROPOSED REVISIONS OF 27 CFR PART 19 Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 [[Page 30800]] CFR Citation: 27 CFR 19 Legal Deadline: None Abstract: TTB is proposing to amend the distilled spirits plant regulations in 27 CFR part 19. Many of these proposed revisions are the result of a petition submitted by the Distilled Spirits Council of the United States (DISCUS). Other proposed revisions are a result of TTB's own comprehensive review of the regulations in 27 CFR part 19. TTB believes that the amendments proposed in this notice will benefit the distilled spirits industry by modernizing many of the requirements for operating distilled spirits plants and thereby allow proprietors to operate in a more efficient manner. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM To Be Determined 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, Tax and Trade Bureau, 650 Massachusetts Avenue NW., Washington, DC 20226 Phone: 202 927-8210 RIN: 1513-AA23 _______________________________________________________________________ 2467. 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 07/00/03 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, Tax and Trade Bureau, P.O. Box 18152, Roanoke, VA 24014 Phone: 540 344-9333 RIN: 1513-AA32 _______________________________________________________________________ 2468. TAXPAID 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 taxpaid distilled spirits used to manufacture nonbeverage products to allow manufactures to use natural and artificial 1 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 To Be Determined 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, Tax and Trade Bureau Phone: 202 927-8181 RIN: 1513-AA37 _______________________________________________________________________ 2469. ELIMINATE REQUIREMENT TO ENROLL TO PRACTICE BEFORE THE BUREAU Priority: Substantive, Nonsignificant Legal Authority: 31 USC 330 CFR Citation: 31 CFR 8 Legal Deadline: None Abstract: TTB will published a final rule (Treasury Decision) to eliminate the requirement to enroll to practice before the Bureau. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Final Action To Be Determined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: Transferred from RIN 1512-AC96 Agency Contact: Timothy P. DeVanney, TTB Specialist, Department of the Treasury, Tax and Trade Bureau, 650 Massachusetts Avenue NW., RM 5000, Washington, DC 20226 Phone: 202 927-8196 Fax: 202 927-8525 RIN: 1513-AA62 _______________________________________________________________________ Department of the Treasury (TREAS) Completed Actions Tax and Trade Bureau (TTB) _______________________________________________________________________ 2470. LABELING OF UNAGED GRAPE BRANDY Priority: Substantive, Nonsignificant CFR Citation: 27 CFR 5 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Withdrawn 03/18/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Lisa M. Gesser [[Page 30801]] Phone: 301 290-1460 Fax: 202 927-8525 Email: lisa.gesser@ttb.gov RIN: 1513-AA03 _______________________________________________________________________ 2471. DISTILLED SPIRITS PLANT REGULATORY INITIATIVE PROPOSAL Priority: Substantive, Nonsignificant CFR Citation: 27 CFR 19.11; 27 CFR 19.1003; 27 CFR 19.1010; 27 CFR 19.49; 27 CFR 19.153; 27 CFR 19.201 to 206; 27 CFR 19.311; 27 CFR 19.454; 27 CFR 19.605; 27 CFR 19.770; 27 CFR 19.1001 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Withdrawn 03/20/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Joanne Brady Phone: 215 333-7050 RIN: 1513-AA04 _______________________________________________________________________ 2472. HEALTH CLAIMS AND OTHER HEALTH RELATED STATEMENTS IN THE LABELING AND ADVERTISING OF ALCOHOL BEVERAGES Priority: Substantive, Nonsignificant CFR Citation: 27 CFR 4; 27 CFR 5; 27 CFR 7 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Rule 03/03/03 68 FR 10076 Final Rule Effective 06/02/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Lisa M. Gesser Phone: 301 290-1460 Fax: 202 927-8525 Email: lisa.gesser@ttb.gov RIN: 1513-AA09 _______________________________________________________________________ 2473. ALCOHOL BEVERAGE HEALTH WARNING STATEMENT Priority: Substantive, Nonsignificant CFR Citation: 27 CFR 16 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Withdrawn 11/14/02 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Lisa M. Gesser Phone: 301 290-1460 Fax: 202 927-8525 Email: lisa.gesser@ttb.gov RIN: 1513-AA13 _______________________________________________________________________ 2474. DELEGATION OF AUTHORITY IN 27 CFR PART 31 Priority: Info./Admin./Other CFR Citation: 27 CFR 31 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Withdrawn 01/24/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Karl Joedicke Phone: 202 927-7460 RIN: 1513-AA22 _______________________________________________________________________ 2475. DELEGATION OF AUTHORITY IN 27 CFR PART 40 Priority: Info./Admin./Other CFR Citation: 27 CFR 40 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Withdrawn 01/24/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Robert P. Ruhf Phone: 202 927-8210 RIN: 1513-AA25 _______________________________________________________________________ 2476. VOLUNTARY WAIVER OF FILING CLAIM FOR CREDIT, REFUND, ALLOWANCE, OR CREDIT OF TAX FOR TOBACCO PRODUCTS MANUFACTURED IN CANADA Priority: Substantive, Nonsignificant CFR Citation: 27 CFR 44 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Withdrawn 03/20/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Robert P. Ruhf Phone: 202 927-8210 RIN: 1513-AA31 _______________________________________________________________________ 2477. PETITION TO ESTABLISH ``CAPAY VALLEY'' AS AN AMERICAN VITICULTURAL AREA Priority: Substantive, Nonsignificant CFR Citation: 27 CFR 9 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Rule 12/20/02 67 FR 77922 Final Rule Effective 02/18/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Kristy Colon Phone: 202 927-8210 Fax: 202 927-8525 Email: kristy.colon@ttb.treas.gov RIN: 1513-AA35 _______________________________________________________________________ 2478. PETITION TO PROPOSE ``YADKIN VALLEY'' AS A NEW AMERICAN VITICULTURAL AREA Priority: Substantive, Nonsignificant CFR Citation: 27 CFR 9 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action 12/09/02 67 FR 72834 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Timothy P. DeVanney Phone: 202 927-8196 Fax: 202 927-8525 RIN: 1513-AA44 _______________________________________________________________________ 2479. BREWERY FORMS Priority: Substantive, Nonsignificant CFR Citation: 27 CFR 25 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Withdrawn 03/20/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Charles N. Bacon Phone: 617 557-1323 Fax: 617 557-1251 Email: charles.bacon@ttb.treas.gov RIN: 1513-AA47 [[Page 30802]] _______________________________________________________________________ 2480. [bull] REORGANIZATION OF TITLE 27, CODE OF FEDERAL REGULATIONS; FINAL RULE Priority: Info./Admin./Other Legal Authority: PL 107-296, 116 Stat. 2135 (2002) CFR Citation: 27 CFR 46; 27 CFR 47; ... Legal Deadline: None Abstract: The Homeland Security Act of 2002 divides the Bureau of Alcohol, Tobacco and Firearms, Department of the Treasury, into two separate agencies: 1) the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF) in the Department of Justice; and 2) the Alcohol and Tobacco Tax and Trade Bureau (TTB) in the Department of the Treasury. These changes require reorganization of title 27 of the Code of Federal Regulations. This final rule renames chapter I, establishes a new chapter II in 27 CFR, and removes certain regulations from chapter I and recodifies them in the new chapter II. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Final Rule 01/24/03 68 FR 3744 Final Rule Effective 01/24/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Lisa M. Gesser, TTB Specialist, Department of the Treasury, Tax and Trade Bureau, 650 Massachusetts Avenue NW., Room 5000, Washington, DC 20226 Phone: 301 290-1460 Fax: 202 927-8525 Email: lisa.gesser@ttb.gov RIN: 1513-AA71 _______________________________________________________________________ 2481. DELEGATION OF AUTHORITY IN 27 CFR PART 19 Priority: Info./Admin./Other CFR Citation: 27 CFR 19 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Withdrawn 01/24/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Robert P. Ruhf Phone: 202 927-8210 RIN: 1513-AA73 _______________________________________________________________________ 2482. DELEGATION OF AUTHORITY FOR PART 70 Priority: Info./Admin./Other CFR Citation: 27 CFR 70 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Withdrawn 01/24/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Robert P. Ruhf Phone: 202 927-8210 RIN: 1513-AA74 BILLING CODE 4810-25-S _______________________________________________________________________ Department of the Treasury (TREAS) Prerule Stage Comptroller of the Currency (OCC) _______________________________________________________________________ 2483. CAPITAL RULES Priority: Substantive, Nonsignificant 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 the 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, the OCC is amending various provisions of the capital rules for national banks. Specifically, these changes include: 1) new Basel capital accord (Basel II) (formerly referred to as domestic capital framework); and 2) securities borrowing transactions. The OCC is conducting both of these rulemakings jointly with the other Federal banking agencies. Timetable: ________________________________________________________________________ Implementation of a Revised Basel Capital Accord (formerly Domestic Capital Framework) ANPRM 11/03/00 (65 FR 66193) ANPRM Comment Period End 02/01/01 ANPRM 07/00/03 Securities Borrowing Transactions Interim Final Rule 12/05/00 (65 FR 75856) Interim Final Rule Comment Period End 01/19/01 Final Rule 12/ 00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Ron Shimabukuro, 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 Laura Goldman, 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: laura.goldman@occ.treas.gov RIN: 1557-AB14 [[Page 30803]] _______________________________________________________________________ Department of the Treasury (TREAS) Proposed Rule Stage Comptroller of the Currency (OCC) _______________________________________________________________________ 2484. RECORDKEEPING REQUIREMENTS FOR BANK EXCEPTIONS FROM SECURITIES BROKER OR DEALER REGISTRATION Priority: Substantive, Nonsignificant Legal Authority: 12 USC 93a; 12 USC 1828(t) CFR Citation: Not Yet Determined Legal Deadline: None Abstract: This notice of proposed rulemaking will seek comment on recordkeeping requirements for banks relying on exceptions to the definitions of broker or dealer in paragraphs (4) and (5) of section 3(a) of the Securities Exchange Act of 1934. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Martha Vestal Clarke, Acting Assistant Director, Department of the Treasury, Comptroller of the Currency, Legislative and Regulatory Activities, Division, 250 E Street SW, Washington, DC 20219 Phone: 202 874-5090 Email: martha.clarke@occ.treas.gov RIN: 1557-AB93 _______________________________________________________________________ 2485. MAINTENANCE OF RECORDS Priority: Substantive, Nonsignificant Legal Authority: 12 USC 1 et seq; 12 USC 92; 12 USC 92a; 12 USC 93; 12 USC 93a; 12 USC 481; 12 USC 484; 12 USC 1818; ; ; 12 USC 1 et seq; 12 USC 92; 12 USC 92a; 12 USC 93; 12 USC 93a; 12 USC 481; 12 USC 484; 12 USC 1818 CFR Citation: 12 CFR 7 Legal Deadline: None Abstract: The notice of proposed rulemaking would invite comment on a revision to part 7 that would require entities subject to the jurisdiction of the OCC to establish and maintain accurate and complete documentation and records, and allow the OCC timely access to such records. The proposed revision in part 7 would also provide that when a bank discloses documents and records to the OCC during the supervisory process, such a disclosure is not voluntary and is not made to an adversary. The OCC anticipates that this proposed rule would not have a significant impact on national banks. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Patrick Tierney, Attorney, Department of the Treasury, Comptroller of the Currency Phone: 202 874-5090 Fax: 202 874-4889 Email: patrick.tierney@occ.treas.gov RIN: 1557-AB99 _______________________________________________________________________ 2486. INTERNATIONAL BANKING ACTIVITIES Priority: Substantive, Nonsignificant Legal Authority: 12 USC 1 et seq; 12 USC 24 (Seventh); 12 USC 93a; 12 USC 161; 12 USC 602; 12 USC 1818; 12 USC 3101 et seq; 12 USC 3901 et seq CFR Citation: 12 CFR 28; 12 CFR 5 Legal Deadline: None Abstract: The OCC plans to clarify or revise a number of application or notice procedures, including the standards for approval that would apply. In addition, the OCC plans to implement a number of OCC interpretations regarding the capital equivalency deposit required of Federal branches and agencies. Finally, the OCC plans to revise several definitions. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/23/03 68 FR 19949 NPRM Comment Period End 06/23/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Lee Walzer, Counsel, Department of the Treasury, Comptroller of the Currency, Legislative and Regulatory Analysis Division, 250 E Street SW, Washington, DC 20219 Phone: 202 874-5090 Fax: 202 874-4889 Email: lee.walzer@occ.treas.gov RIN: 1557-AC04 _______________________________________________________________________ 2487. INTERAGENCY GUIDELINES ESTABLISHING STANDARDS FOR SAFETY AND SOUNDNESS Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 12 USC 93a; 12 USC 1818; 12 USC 1831-p; 12 USC 3102(b); 15 USC 6801; 15 USC 6805(b)(6) CFR Citation: 12 CFR 30 Legal Deadline: None Abstract: The OCC and the other Federal banking agencies plan to issue a notice of proposed rulemaking to amend their Interagency Guidelines Establishing Standards for Safety and Soundness. The amendment would add a new subsection, pursuant to which a depository institution should establish and maintain new policies and standards designed to ensure an effective system of corporate governance. This amendment is intended to address potential weaknesses in management and corporate governance practices. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Michele Meyer, 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-AC08 _______________________________________________________________________ 2488. [bull] REPORTING AND DISCLOSURE REQUIREMENTS FOR NATIONAL BANKS WITH SECURITIES REGISTERED UNDER THE SECURITIES EXCHANGE ACT OF 1934; SECURITIES OFFERING DISCLOSURE RULES Priority: Substantive, Nonsignificant Legal Authority: 12 USC 1 et seq; 12 USC 93a; 15 USC 78l; 15 USC 78m; 15 USC 78n; 15 USC 78p; 15 USC 78w CFR Citation: 12 CFR 11; 12 CFR 16 Legal Deadline: None Abstract: The Sarbanes-Oxley Act of 2002 made amendments to section 12(i) of the Securities Exchange Act of 1934. [[Page 30804]] These amendments vested the OCC with authority to administer and enforce several of the enhanced reporting, disclosure and corporate governance obligations imposed by the Sarbanes-Oxley Act with respect to national banks that have a class of securities registered under the Securities Exchange Act of 1934. The proposed rule would amend the Securities Exchange Act disclosure rules applicable to national banks to reflect the amendmenmts to section 12(i) of the Securities Exchange Act of 1934. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Maryann Orr Nash, 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: maryann.nash@occ.treas.gov RIN: 1557-AC12 _______________________________________________________________________ Department of the Treasury (TREAS) Final Rule Stage Comptroller of the Currency (OCC) _______________________________________________________________________ 2489. RULES, POLICIES, AND PROCEDURES FOR CORPORATE ACTIVITIES AND BANK ACTIVITIES AND OPERATIONS Priority: Substantive, Nonsignificant Legal Authority: 12 USC 1 et seq; 12 USC 24 (Seventh); 12 USC 92a; 12 UC 93a; 12 USC 161; 12 USC 602; 12 USC 1818; 12 USC 1828(n); 12 USC 1828 note; 12 USC 1831n note; 12 USC 1831o; 12 USC 1835; 12 USC 3101; 12 USC 3901 et seq; 12 USC 3907; 12 USC 3903; 12 USC 24a, sec 5136A of the Revised Statutes; 15 USC 78q; 15 USC 78q-1; 15 USC 78w; 12 USC 29; 12 USC 371; 12 USC 215a-2; 12 USC 215a-3; 12 USC 92; 12 USC 93; 12 USC 481; 12 USC 484; 12 USC 1701j-3; 12 USC 3331 et seq CFR Citation: 12 CFR 3; 12 CFR 5; 12 CFR 6; 12 CFR 7; 12 CFR 9; 12 CFR 28; 12 CFR 34 Legal Deadline: None Abstract: The OCC plans to amend part 5 to implement the authority for national banks to merge with one or more of their nonbank affiliates contained in section 1206 of the American Homeownership and Economic Opportunity Act of 2000 (AHEOA). The OCC also plans to amend part 5 to implement the authority in section 1204 of AHEOA by adding a new section setting forth the application and prior approval requirements for national banks contemplating reorganization as a subsidiary of a bank holding company. In addition, the OCC also plans to implement section 1205 of AHEOA by amending part 7 to permit national banks to adopt by-laws providing for staggered boards of directors and to permit national banks to apply to expand the size of their boards of directors over 25 members. The OCC also plans to amend part 7 in order to clarify issues that have arisen in connection with the scope of the OCC's visitorial powers. The OCC also plans to make other amendments to parts 5, 7, 9, and 34, as well as certain technical amendments Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 02/07/03 68 FR 6363 NPRM Comment Period End 04/08/03 Final Rule 06/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: Undetermined Federalism: This action may have federalism implications as defined in EO 13132. Agency Contact: Andra Shuster, Counsel, Department of the Treasury, Comptroller of the Currency Phone: 202 874-5090 Fax: 202 874-4889 Email: andra.shuster@occ.treas.gov Lee Walzer, Counsel, Department of the Treasury, Comptroller of the Currency, Legislative and Regulatory Analysis Division, 250 E Street SW, Washington, DC 20219 Phone: 202 874-5090 Fax: 202 874-4889 Email: lee.walzer@occ.treas.gov RIN: 1557-AB97 _______________________________________________________________________ 2490. CUSTOMER IDENTIFICATION PROGRAMS FOR BANKS, SAVINGS ASSOCIATIONS, AND CREDIT UNIONS Priority: Substantive, Nonsignificant Legal Authority: 12 USC 93a; 31 USC 5318(l) CFR Citation: 12 CFR 21; 31 CFR 103 Legal Deadline: Final, Statutory, October 26, 2002, Must take effect one year before date of enactment of USA Patriot Act. Abstract: The Secretary of the Treasury, the OCC, the Board of Governors of the Federal Reserve System, the FDIC, the Office of Thrift Supervision, and the National Credit Union Administration are preparing a regulation implementing section 326 of the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001. Section 326 requires a regulation that contains minimum standards that financial institutions must implement: 1) to verify the identity of any person seeking to open an account; 2) to maintain records of the information used to verify the person's identity; and 3) to determine whether the person appears on any lists of known or suspected terrorists or terrorist organizations provided to the financial institution by any Government agency. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/23/02 67 FR 48290 NPRM Comment Period End 09/06/02 Final Rule 05/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Deborah Katz, Senior Counsel, Department of the Treasury, Comptroller of the Currency, Legislative and Regulatory Activities Divison, 250 E Street SW, Washington, DC 20219 Phone: 202 874-5090 Fax: 202 874-4889 [[Page 30805]] Email: deborah.katz@occ.treas.gov RIN: 1557-AC06 _______________________________________________________________________ 2491. COMMUNITY AND ECONOMIC DEVELOPMENT ENTITIES, COMMUNITY DEVELOPMENT PROJECTS, AND OTHER PUBLIC WELFARE INVESTMENTS (12 CFR PART 24) Priority: Substantive, Nonsignificant Legal Authority: 12 USC 24 (Eleventh); 12 USC 93a; 12 USC 481; 12 USC 1818 CFR Citation: 12 CFR 24 Legal Deadline: None Abstract: The OCC issued a notice of proposed rulemaking to amend part 24, its regulation governing national bank investments that are designed to promote the public welfare. The proposal would update the definition section of the regulation to reflect the additional types of public welfare investment structures that have come into use by national banks in recent years; set forth the method a national bank should use to measure the aggregate amount of its public welfare investments; and simplify the regulation's investment self- certification and prior approval processes. These changes will simplify the regulation and reduce the burden associated with part 24 investments and thereby encourage additional public welfare investments by national banks. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/10/03 68 FR 1394 NPRM Comment Period End 03/11/03 Final Rule 05/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Michele Meyer, 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-AC09 _______________________________________________________________________ 2492. REMOVAL, SUSPENSION, AND DEBARMENT OF INDEPENDENT ACCOUNTANTS FROM PERFORMANCE OF AUDIT SERVICES Priority: Substantive, Nonsignificant Legal Authority: 12 USC 93a; 12 USC 1831m(g)(4)(B) CFR Citation: 12 CFR 19 Legal Deadline: None Abstract: The OCC issued a notice of proposed rulemaking to amend 12 CFR part 19, the Rules of Practice and Procedure by adding a new subpart P, ``Removal, Suspension, and Debarment of Independent Public Accountants from Performance of Audit Services.'' Section 112 of the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) gave the OCC, along with the other Federal banking agencies, the authority to remove, suspend, or debar accountants for good cause from performing annual audit services. The proposed rule would establish policies and procedures for the OCC to take such actions. The proposed rule would also make conforming changes to part 19. The Board of Governors of the Federal Reserve System, the FDIC, and the Office of Thrift Supervision are promulgating similar rules concurrently with the OCC to implement section 112 of FDICIA. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/08/03 68 FR 1116 Correction 01/31/03 68 FR 5075 NPRM Comment Period End 03/10/03 Final Rule 07/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None 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-AC10 _______________________________________________________________________ 2493. [bull] RULES, POLICIES, AND PROCEDURES FOR CORPORATE ACTIVITIES (ELECTRONIC FILINGS) Priority: Substantive, Nonsignificant Legal Authority: 12 USC et seq; 12 USC 24a; 12 USC 24 (Seventh); 12 USC 93a; 12 USC 3101 et seq CFR Citation: 12 CFR 5 Legal Deadline: None Abstract: The interim final rule would make revisions to part 5 filing requirements to facilitate electronic filings for certain applications. The purpose of these changes is to permit national banks to file certain classes of applications electronically and to inform national banks where they may find detailed procedural information on electronic filings. The rule would also amend part 5 to clarify the circumstances under which the OCC may adopt filing procedures different from those otherwise required by part 5. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 04/14/03 68 FR 17890 Interim Final Rule Effective 04/14/03 Interim Final Rule Comment Period End 06/13/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Jean Campbell, Attorney, Department of the Treasury, Comptroller of the Currency, Legislative and Regulatory Activities Division, 250 E Street SW, Washington, DC 20219 Phone: 202 874-5090 Fax: 202 874-4889 Email: jean.campbell@occ.treas.gov RIN: 1557-AC13 [[Page 30806]] _______________________________________________________________________ Department of the Treasury (TREAS) Long-Term Actions Comptroller of the Currency (OCC) _______________________________________________________________________ 2494. RULES AND PROCEDURES FOR CLAIMS AGAINST OCC-APPOINTED RECEIVERSHIPS FOR UNINSURED FINANCIAL INSTITUTIONS Priority: Substantive, Nonsignificant Legal Authority: 12 USC 93a; 12 USC 192; 12 USC 206; 12 USC 3108 CFR Citation: Not Yet Determined Legal Deadline: None Abstract: This regulation will establish rules and procedures for processing claims against receivers for uninsured Federal institutions that are chartered by the OCC. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM To Be Determined Regulatory Flexibility Analysis Required: No Government Levels Affected: None 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-AB59 _______________________________________________________________________ 2495. FAIR CREDIT REPORTING REGULATIONS Priority: Substantive, Nonsignificant Legal Authority: 12 USC 93a; 15 USC 1681s; PL 106-102, sec 506 CFR Citation: Not Yet Determined Legal Deadline: None Abstract: The rule will address the sharing of transactional, experiential, and other consumer information under the Fair Credit Reporting Act. Such sharing of this information constitutes an exclusion from the definition of ``consumer report'' under section 603(d) of the Fair Credit Reporting Act (15 U.S.C. 1681a(d)). It also addresses how consumers may opt out of such information sharing, and the scope of such opt-outs. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 10/20/00 65 FR 63120 NPRM Comment Period End 12/04/00 NPRM Update 03/27/01 66 FR 16624 Second NPRM To Be Determined Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Lee Walzer, Counsel, Department of the Treasury, Comptroller of the Currency, Legislative and Regulatory Analysis Division, 250 E Street SW, Washington, DC 20219 Phone: 202 874-5090 Fax: 202 874-4889 Email: lee.walzer@occ.treas.gov RIN: 1557-AB78 _______________________________________________________________________ 2496. COMMUNITY REINVESTMENT ACT REGULATION Priority: Substantive, Nonsignificant 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: The OCC, in conjunction with the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision (the Agencies), has issued an advance notice of proposed rulemaking to solicit comment on the agencies' existing Community Reinvestment Act (CRA) regulations. The Agencies are conducting a review of their CRA regulations to determine their effectiveness in achieving their goals. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ ANPRM 07/19/01 66 FR 37602 ANPRM Comment Period End 10/17/01 NPRM To Be Determined Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Margaret Hesse, Special Counsel, Department of the Treasury, Comptroller of the Currency, Community and Consumer Law Division, 250 E Street SW, Washington, DC 20219 Phone: 202 874-5750 Fax: 202 874-5322 Email: margaret.hesse@occ.treas.gov Patrick Tierney, Attorney, Department of the Treasury, Comptroller of the Currency Phone: 202 874-5090 Fax: 202 874-4889 Email: patrick.tierney@occ.treas.gov RIN: 1557-AB98 _______________________________________________________________________ 2497. RULES, POLICIES, AND PROCEDURES FOR CORPORATE ACTIVITIES Priority: Substantive, Nonsignificant Legal Authority: 12 USC 1 et seq; 12 USC 24a; 12 USC 24 (Seventh); 12 USC 93a; 12 USC 3101 et seq CFR Citation: 12 CFR 5 Legal Deadline: None Abstract: The OCC plans to issue a notice of proposed rulemaking that will require a national bank to obtain prior approval from the OCC before making certain material changes to the bank. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM To Be Determined Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Heidi M. Thomas, Special Counsel, Department of the Treasury, Comptroller of the Currency, 250 E Street SW, Washington, DC 20219 Phone: 202 874-5090 Fax: 202 874-4889 Email: heidi.thomas@occ.treas.gov RIN: 1557-AC11 [[Page 30807]] _______________________________________________________________________ Department of the Treasury (TREAS) Completed Actions Comptroller of the Currency (OCC) _______________________________________________________________________ 2498. UNIFORM RULES OF PRACTICE AND PROCEDURE; REGULATION REVIEW Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Duplicate of 1557-AC10 05/08/03 RIN: 1557-AB43 _______________________________________________________________________ 2499. PAYDAY LENDING Priority: Substantive, Nonsignificant Legal Authority: 12 USC 24(Seventh); 12 USC 93a; 12 USC 1818; 12 USC 1861 to 1867 CFR Citation: 12 CFR 5; 12 CFR 32 Legal Deadline: None Abstract: The OCC was considering amending 12 CFR part 5 and 12 CFR part 32 to address payday lending activities engaged in by national banks through arrangements with third-party lending companies. The purpose of this rulemaking would have been to adopt provisions intended to ensure that payday lending is conducted in a manner that is consistent with safe and sound banking practices. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Withdrawn 03/26/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None 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-AC01 BILLING CODE 4810-33-S _______________________________________________________________________ Department of the Treasury (TREAS) Proposed Rule Stage United States Customs Service (CUSTOMS) _______________________________________________________________________ 2500. TEXTILES AND TEXTILE PRODUCTS SUBJECT TO TEXTILE TRADE AGREEMENTS Priority: Substantive, Nonsignificant Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1624; 7 USC 1854 CFR Citation: 19 CFR 12 Legal Deadline: None Abstract: Amendment to the country of origin standards and documentary requirements applicable to textiles and textile products subject to section 204 of the Agricultural Act of 1956. Amendment involves simplification of regulatory text, has no substantive effect on the U.S. textile import program as administered by Customs, and is intended to ensure that the wording of the Customs Regulations is consistent with the product coverage of section 204. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Dick Crichton, Operations Officer, Office of Field Operations, Department of Homeland Security, Bureau of Customs and Border Protection, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 927-0162 RIN: 1515-AB54 _______________________________________________________________________ 2501. LIQUIDATION; EXTENSION; SUSPENSION Priority: Substantive, Nonsignificant Legal Authority: 19 USC 66; 19 USC 1500; 19 USC 1504; 19 USC 1624 CFR Citation: 19 CFR 159 Legal Deadline: None Abstract: Document would amend the Customs Regulations to implement amendments to section 504 of the Tariff Act of 1930, as amended, which pertains to limitations on the liquidation of entries that were contained in the Customs Modernization provisions of the North American Free Trade Agreement Implementation Act. Amendments would allow the reconciliation of entries to be treated as if they were entry summaries, subject to normal liquidation requirements; authorize the electronic transmittal of notices of extension and suspension of liquidation; extend the time period in which Customs must liquidate a suspended entry after the suspension is removed; remove the application of the four-year limitation to suspended entries; and provide that Customs must also inform sureties when an entry is suspended or extended. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 10/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: William G. Rosoff, Chief, Duty Refund and Determination Branch, Department of Homeland Security, Bureau of Customs and Border Protection, Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 572-8807 RIN: 1515-AB66 _______________________________________________________________________ 2502. DETENTION, SEIZURE, AND FORFEITURE OF ``BOOTLEG'' SOUND RECORDING AND MUSIC VIDEOS OF LIVE MUSICAL PERFORMANCES Priority: Substantive, Nonsignificant Legal Authority: 5 USC 301; 17 USC 602; 17 USC 603; 31 USC 9701; 19 USC 66; 19 USC 1202; 19 USC 58a; 19 USC 58b; 19 USC 58c; 19 USC 66; 17 USC 101; 17 USC 601 CFR Citation: 19 CFR 12; 19 CFR 24; 19 CFR 133 Legal Deadline: None Abstract: Amendment to provide for the detention, seizure, and forfeiture of unauthorized (bootleg) copies of sound recordings and music videos of live musical performances recorded outside of and imported into the United States, as provided by section 513(a) of the Uruguay Round Agreements Act. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None [[Page 30808]] Agency Contact: George F. McCray, Chief, Intellectual Property Rights Branch, Department of Homeland Security, Bureau of Customs and Border Protection, Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 572-8709 RIN: 1515-AB74 _______________________________________________________________________ 2503. RECONCILIATION Priority: Substantive, Nonsignificant Legal Authority: 19 USC 66; 19 USC 1484; 19 USC 1500; 19 USC 1624 CFR Citation: 19 CFR 142; 19 CFR 159 Legal Deadline: None Abstract: Amendment to allow those elements of an entry, other than those elements relating to the admissibility of the merchandise, that are undetermined at the time an entry summary or an import activity summary is required to be submitted, to be provided to Customs at a later date. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/00/04 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: John Leonard, Program Officer, Department of Homeland Security, Bureau of Customs and Border Protection, Office of Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 927-0915 RIN: 1515-AB85 _______________________________________________________________________ 2504. 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 Customs 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 10/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Lisa Santana, Import Specialist, Department of Homeland Security, Bureau of Customs and Border Protection, Office of Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 927-4342 RIN: 1515-AC23 _______________________________________________________________________ 2505. REQUIREMENTS FOR FUTURE CUSTOMS TRANSACTIONS WHEN PAYMENT TO CUSTOMS ON PRIOR TRANSACTIONS IS DELINQUENT AND/OR DISHONORED Priority: Substantive, Nonsignificant Legal Authority: 19 USC 66; 19 USC 1448; 19 USC 1484; 19 USC 1624; 5 USC 301; 19 USC 1505 CFR Citation: 19 CFR 142; 19 CFR 24 Legal Deadline: None Abstract: Amendment concerning how Customs will handle the future transactions of importers or other parties financially obligated to Customs who are delinquent in a payment to Customs or have had payments to the agency returned as dishonored by their financial institution. Amendment provides, among other things, that where an importer or other party financially obligated to Customs (debtor) has not paid monies owed to Customs by the due date in a Customs bill or collection notice, including a bill or collection notice requesting payment of an amount owed to Customs that has been returned as dishonored by the debtor's financial institution, Customs may require the debtor to file entry summary documentation at the time of entry with estimated duties, taxes and fees attached (to make live entry). This requirement will be imposed on all the debtor's future importations at all ports of entry until Customs receives full payment of the debtor's overdue amount, including accrued interest, or until the debt has been resolved other than by Customs termination of the collection action. Amendment also concerns when Customs will require all future payments be made by certified check, money order, cash, or if authorized, by Automated Clearinghouse credit payment. Amendments are necessary to support Customs collection efforts and to ensure a uniform and consistent approach in the manner by which Customs responds to delinquent and dishonored payments. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Robert Reiley, Financial Officer, Financial Management Division, Department of Homeland Security, Bureau of Customs and Border Protection, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 927-1504 RIN: 1515-AC68 _______________________________________________________________________ 2506. CUSTOMS EXAMINATION OF IN-TRANSIT MAIL SHIPMENTS Priority: Substantive, Nonsignificant Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1624 CFR Citation: 19 CFR 145 Legal Deadline: None Abstract: Amendment to provide that Customs has the authority to examine and search international mail without regard as to whether it is transiting the United States or the U.S. Virgin Islands, or is being delivered within the Customs territory of the United States or the U.S. Virgin Islands. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 10/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Glen E. Vereb, Chief, 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 RIN: 1515-AC71 [[Page 30809]] _______________________________________________________________________ 2507. PATENT SURVEYS Priority: Substantive, Nonsignificant Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1624 CFR Citation: 19 CFR 12; 19 CFR 24 Legal Deadline: None Abstract: Amendment to eliminate patent surveys. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 03/20/03 68 FR 13636 NPRM Comment Period End 05/19/03 Final Action 10/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Louis Alfano, Customs Officer, Commercial Enforcement, Department of Homeland Security, Bureau of Customs and Border Protection, Office of Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 927-0005 RIN: 1515-AC93 _______________________________________________________________________ 2508. ADVANCE NOTICE REQUIREMENTS FOR AIRCRAFT LANDINGS AND ARRIVALS; REVISIONS TO THE PRIVATE AIRCRAFT OVERFLIGHT PROGRAM Priority: Substantive, Nonsignificant Legal Authority: 5 USC 301; 19 USC 58b; 19 USC 66; 19 USC 1433; 19 USC 1436; 19 USC 1448; 19 USC 1459; 19 USC 1590; 19 USC 1594; 19 USC 1623; 19 USC 1624; 19 USC 1644; 19 USC 1644a CFR Citation: 19 CFR 122 Legal Deadline: None Abstract: Amendment to require that the owners or operators of commercial aircraft that operate as scheduled airlines and enter the United States from foreign areas who intend to land at landing rights or user fee airports, request from Customs permission to land in writing at least 30 days before the first flight date and secure Customs approval to land before the first flight begins. Amendment would also make the advance notice of arrival requirement applicable to all aircraft. The advance notice of arrival would be required to be given by the aircraft commander directly to the appropriate Customs location at least one hour before the aircraft crosses any border or coastline of the United States. Amendment would also modify the application process for the Overflight Program and provide for centralized processing of requests for an overflight exemption. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Elizabeth Tritt, Operations Officer, Department of Homeland Security, Bureau of Customs and Border Protection, Office of Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 927-4434 RIN: 1515-AD10 _______________________________________________________________________ 2509. PRIOR DISCLOSURE AND LOST DUTY OR REVENUE DEMANDS WHEN PENALTY CLAIM NOT ISSUED Priority: Substantive, Nonsignificant Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1592; 19 USC 1593a; 19 USC 1624 CFR Citation: 19 CFR 162 Legal Deadline: None Abstract: Amendment pertaining to prior disclosure and to the procedure for demanding payment of duties, taxes, fees, or revenue for violations of 19 U.S.C. 1592 or 1593a when a penalty claim is not issued. Amendments are designed to encourage participation in the prior disclosure program and to enhance the effectiveness of the duty/revenue demand process. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Alan Cohen, Senior Attorney, Penalties Branch, Department of Homeland Security, Bureau of Customs and Border Protection, Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 572-8742 RIN: 1515-AD13 _______________________________________________________________________ 2510. [bull] TARIFF TREATMENT RELATED TO DISASSEMBLY OPERATIONS UNDER THE NORTH AMERICAN FREE TRADE AGREEMENT 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 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: the recovered components satisfy the applicable NAFTA rules of origin requirements; and 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 10/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Edward M. Leigh, Attorney, 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: 202 572-8827 RIN: 1515-AD23 _______________________________________________________________________ 2511. [bull] MANIFEST DISCREPANCY REPORTS--NEW REQUIREMENTS FOR VESSELS AND A CONFORMING CHANGE Priority: Substantive, Nonsignificant Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1431; 19 USC 1433; 19 USC 1434; 19 USC 1436; 19 USC 1581; 19 [[Page 30810]] USC 1584; 19 USC 1498; 46 USC App.3; 46 USC App 91 CFR Citation: 19 CFR 4; 19 CFR 18; 19 CFR 113; 19 CFR 122; 19 CFR 123; 19 CFR 146; 19 CFR 158 Legal Deadline: None Abstract: Amendment concerning the filing of manifest discrepancy reports for vessels and to reflect the elimination of Customs Form 5931 for all manifest discrepancy reporting. For vessels, the amendments include requiring manifest discrepancy reports to be filed prior to the arrival of the vessels rather than 60 days after arrival, expanding the universe of parties responsible for reporting discrepancies, requiring that manifest information be kept for a period of five years after vessel arrival, and providing for penalties in certain instances when manifest discrepancy reports are not filed. Amendments regarding vessel manifest discrepancy reports reflect the necessity for national security purposes of receiving from vessels transporting cargo to the United States accurate information as to what they are transporting as soon as possible. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Pete Flores, Inspector, Department of Homeland Security, Bureau of Customs and Border Protection, Manifest and Conveyance Branch, Office of Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 927-0333 Jeremy Baskin, Attorney-Advisor, Penalties Branch, Department of Homeland Security, Bureau of Customs and Border Protection, Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 572-8753 RIN: 1515-AD26 _______________________________________________________________________ Department of the Treasury (TREAS) Final Rule Stage United States Customs Service (CUSTOMS) _______________________________________________________________________ 2512. HARBOR MAINTENANCE FEE Priority: Substantive, Nonsignificant Legal Authority: 5 USC 301; PL 99-662; 19 USC 66; 19 USC 81a to 81u; 19 USC 623; 19 USC 1202; 19 USC 1624; 31 USC 9701; PL 99-272; PL 99-509 CFR Citation: 19 CFR 4; 19 CFR 24; 19 CFR 146; 19 CFR 178 Legal Deadline: Final, Statutory, April 1, 1987. Abstract: Amendments to the Customs Regulations to implement provisions of the Water Resources Development Act of 1986, which authorizes Customs to assess a harbor maintenance fee of 0.125 percent (.00125) on the value of commercial cargo loaded on or unloaded from a commercial vessel at a port unless specifically exempted from the fee. Proceeds of the fee are deposited in a trust fund for the U.S. Army Corps of Engineers to use for the improvement and maintenance of U.S. ports and harbors. 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 12/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Deborah Thompson, Accountant, Accounts Receivable Branch, Department of Homeland Security, Bureau of Customs and Border Protection, Office of Finance, Indianapolis, IN 46278 Phone: 317 298-1200 RIN: 1515-AA57 _______________________________________________________________________ 2513. DONATED CARGO EXEMPTION FROM HARBOR MAINTENANCE FEE Priority: Substantive, Nonsignificant Legal Authority: 5 USC 301; 19 USC 58a; 19 USC 66; 19 USC 1202; 19 USC 1624; 31 USC 9701; 19 USC 58b; 19 USC 58c CFR Citation: 19 CFR 24 Legal Deadline: None Abstract: Amends interim Customs Regulations relating to harbor maintenance fees. The interim regulations established a shipping fee for transporting cargo on specified U.S. waterways. The Act was amended to include an exemption for nonprofit organizations or cooperatives, which own or finance cargo determined by Customs to be intended for use in humanitarian or development assistance overseas. This amendment sets forth the applicability and terms of this exemption. 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 12/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Deborah Thompson, Accountant, Accounts Receivable Branch, Department of Homeland Security, Bureau of Customs and Border Protection, Office of Finance, Indianapolis, IN 46278 Phone: 317 298-1200 RIN: 1515-AA87 _______________________________________________________________________ 2514. NORTH AMERICAN FREE TRADE AGREEMENT (NAFTA)--IMPLEMENTATION OF DUTY-DEFERRAL PROGRAM PROVISIONS Priority: Substantive, Nonsignificant Legal Authority: 19 USC 66; 19 USC 1448; 19 USC 1481; 19 USC 1484; 19 USC 1202; 19 USC 1315; 19 USC 1624; 19 USC 3314 CFR Citation: 19 CFR 181; 19 CFR 113; 19 CFR 141; 19 CFR 144; 19 CFR 10 Legal Deadline: Final, Statutory, January 1, 1996. Abstract: Document amends regulations to establish procedural and other requirements that apply to the collection, waiver, and reduction of [[Page 30811]] duties under the duty-deferral program provisions of the North American Free Trade Agreement (NAFTA). The document prescribes the documentary and other requirements that must be followed when merchandise is withdrawn from a U.S. duty-deferral program, either for exportation to another NAFTA country or for entry into a duty-deferral program of another NAFTA country, the procedures that must be followed in filing a claim for a waiver or reduction of duties collected on such merchandise, and the procedures for finalization of duty collections and duty waiver or reduction claims. 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 12/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Shawn Filion, Commercial Program Specialist, Department of Homeland Security, Bureau of Customs and Border Protection, Office of Field Operations, North Star Commercial, P.O. Box 400, Buffalo, NY 14225 Phone: 716 551-3053 RIN: 1515-AB87 _______________________________________________________________________ 2515. CUSTOMS ENTRY DOCUMENTATION PURSUANT TO ANTICOUNTERFEITING CONSUMER PROTECTION ACT Priority: Substantive, Nonsignificant Legal Authority: 19 USC 66; 19 USC 1448; 19 USC 1484; 19 USC 1624 CFR Citation: 19 CFR 141 Legal Deadline: Final, Statutory, January 2, 1997. Abstract: Document implements section 12 of the Anticounterfeiting Consumer Protection Act of 1996 (ACPA), which was enacted by Congress to protect consumers and American businesses from counterfeit copyrighted and trademarked products. Section 12 of the ACPA concerns the content of entry documentation required by Customs to determine whether the imported merchandise or its packaging bears an infringing trademark. Amendment requires importers to provide on the invoice a listing of all trademarks appearing on imported merchandise and its packaging. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/13/99 64 FR 49423 NPRM Comment Period End 12/13/99 64 FR 62135 Final Action 07/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: George F. McCray, Chief, Intellectual Property Rights Branch, Department of Homeland Security, Bureau of Customs and Border Protection, Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 572-8709 RIN: 1515-AC15 _______________________________________________________________________ 2516. 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 Customs 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 10/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None 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 Homeland Security, Bureau of Customs and Border Protection, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 572-8832 RIN: 1515-AC32 _______________________________________________________________________ 2517. 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; 19 USC 58b; 19 USC 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 Customs 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 Customs, 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 of Customs 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 12/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Linda Lloyd, Financial Officer, Financial Policy Division, Department of Homeland Security, Bureau of Customs and Border Protection, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 927-0119 RIN: 1515-AC40 [[Page 30812]] _______________________________________________________________________ 2518. 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 08/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Kimberly Nott, Operations Officer, Department of Homeland Security, Bureau of Customs and Border Protection, Office of Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 927-0042 RIN: 1515-AC63 _______________________________________________________________________ 2519. 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 non- import-sensitive, non-textile 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 Effective 10/01/00 Interim Final Rule 10/05/00 65 FR 59668 Interim Final Rule Comment Period End 12/04/00 Final Action 10/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None 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 Leon Hayward, Operations Officer, Department of Homeland Security, Bureau of Customs and Border Protection, Office of Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 927-3271 RIN: 1515-AC72 _______________________________________________________________________ 2520. 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 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Debbie Scott, Chief, Entry and Drawback Management, Department of Homeland Security, Bureau of Customs and Border Protection, Office of Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 927-1962 RIN: 1515-AC74 _______________________________________________________________________ 2521. 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 non-textile articles that are excluded from duty-free treatment under the Caribbean Basin Initiative program. [[Page 30813]] 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 10/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Craig Walker, Senior Attorney-Advisor, Department of Homeland Security, Bureau of Customs and Border Protection, Special Classification and Marking Branch, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 572-8810 Leon Hayward, Operations Officer, Department of Homeland Security, Bureau of Customs and Border Protection, Office of Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 927-3271 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: 1515-AC76 _______________________________________________________________________ 2522. 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 12/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None 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: 1515-AC77 _______________________________________________________________________ 2523. USER FEES Priority: Substantive, Nonsignificant Legal Authority: 5 USC 301; 19 USC 58a to 58c; 19 USC 66; 19 USC 1202; 19 USC 1505; 19 USC 1624; 26 USC 4461; 26 USC 4462; 31 USC 9701 CFR Citation: 19 CFR 24; 19 CFR 111 Legal Deadline: None Abstract: Amendment to reflect amendments to 19 U.S.C. 58c, the Customs user fee statute, made by the Miscellaneous Trade and Technical Corrections Act of 1999 (the Act), as well as prior legislative changes to that user fee statute. Amendment sets forth, pursuant to the Act, the new fee structure for passengers arriving in the United States aboard commercial vessels and aircraft, and clarifies how Customs administers certain user fees. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 03/18/02 67 FR 11954 NPRM Comment Period End 05/17/02 Final Action 07/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Robert Reiley, Financial Officer, Financial Management Division, Department of Homeland Security, Bureau of Customs and Border Protection, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 927-1504 RIN: 1515-AC81 _______________________________________________________________________ 2524. 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 12/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Luan Cotter, Operations Officer, Department of Homeland Security, Bureau of Customs and Border Protection, Office of Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 927-1249 Renee Stevens, Science Officer, Department of Homeland Security, Bureau of Customs and Border Protection, Office of Laboratories and Scientific Services, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 927-0941 Jeremy Baskin, Attorney-Advisor, Penalties Branch, Department of Homeland Security, Bureau of Customs and Border Protection, Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229 [[Page 30814]] Phone: 202 572-8753 RIN: 1515-AC87 _______________________________________________________________________ 2525. PROTOTYPES USED SOLELY FOR PRODUCT DEVELOPMENT, TESTING, EVALUATION, OR QUALITY CONTROL PURPOSES 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; PL 106- 476 CFR Citation: 19 CFR 10; 19 CFR 163 Legal Deadline: Final, Statutory, September 9, 2001, Public Law 106- 476. Abstract: Amendment to establish rules and procedures under the Product Development and Testing Act of 2000 (PDTA). The purpose of the PDTA is to promote product development and testing in the United States by allowing the duty-free entry of articles, commonly referred to as prototypes, that are to be used exclusively in product development, testing, evaluation, and quality control. Amendments set forth the procedures for both the identification of those prototypes properly entitled to duty-free entry, as well as the permissible sale of such prototypes, following use in the United States, as scrap, waste, or for recycling. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 03/08/02 67 FR 10636 NPRM Comment Period End 04/08/02 Final Action 07/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Lisa Santana, Import Specialist, Department of Homeland Security, Bureau of Customs and Border Protection, Office of Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 927-4342 RIN: 1515-AC88 _______________________________________________________________________ 2526. PREFERENTIAL TREATMENT OF BRASSIERES UNDER THE UNITED STATES- CARIBBEAN BASIN TRADE PARTNERSHIP 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; 19 CFR 163 Legal Deadline: Final, Statutory, October 1, 2001, Public Law 106-200. Abstract: Amendment to implement those provisions within the United States-Caribbean Basin Trade Partnership Act (the CBTPA) that establish standards for preferential treatment for brassieres imported from CBTPA beneficiary countries. The amendments involve specifically the methods, procedures, and related standards that will apply for purposes of determining compliance with the 75 percent aggregate U.S. fabric components content requirement under the CBTPA brassieres provision. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 10/04/01 66 FR 50534 Interim Final Rule Effective 10/04/01 Correction 10/11/01 66 FR 51864 Interim Final Rule Comment Period End 12/03/01 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Dick Crichton, Operations Officer, Office of Field Operations, Department of Homeland Security, Bureau of Customs and Border Protection, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 927-0162 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: 1515-AC89 _______________________________________________________________________ 2527. 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 09/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None 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, Program Officer, Department of Homeland Security, Bureau of Customs and Border Protection, Office of Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 927-0279 RIN: 1515-AC94 _______________________________________________________________________ 2528. CIVIL FINES FOR IMPORTATION OF MERCHANDISE BEARING A COUNTERFEIT MARK Priority: Substantive, Nonsignificant Legal Authority: 17 USC 101; 17 USC 601 to 603; 19 USC 66; 19 USC 1624; 31 USC 9701 CFR Citation: 19 CFR 133 Legal Deadline: None Abstract: Amendment pertaining to the importation of merchandise bearing a [[Page 30815]] counterfeit mark to clarify the limit on the amount of a civil fine which may be assessed by Customs when merchandise bearing a counterfeit mark is imported. Current regulations use, as a measurement for determining the limit, the domestic value of merchandise as if it had been genuine, based on the manufacturer's suggested retail price of the merchandise at the time of seizure. The amendment adheres more closely to the statutory language, basing the limit of the civil fine on the value of the genuine goods according to the manufacturer's suggested retail price, without any reference to domestic value. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/07/02 67 FR 39321 NPRM Comment Period End 08/06/02 Final Action 07/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Lynne O. Robinson, Attorney, Penalties Branch, Department of Homeland Security, Bureau of Customs and Border Protection, Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 572-8743 RIN: 1515-AC98 _______________________________________________________________________ 2529. PASSENGER AND CREW MANIFESTS REQUIRED FOR PASSENGER FLIGHTS IN FOREIGN AIR TRANSPORTATION TO THE UNITED STATES Priority: Substantive, Nonsignificant Legal Authority: 5 USC 301; 19 USC 58b; 19 USC 66; 19 USC 1433; 19 USC 1436; 19 USC 1448; 19 USC 1459; 19 USC 1590; 19 USC 1594; 19 USC 1623; 19 USC 1624; 19 USC 1644; 19 USC 1644a; 49 USC 44909(c); 19 USC 1431 CFR Citation: 19 CFR 122 Legal Deadline: None Abstract: Amendment to implement a provision of the Aviation and Transportation Security Act, which requires that each air carrier, foreign and domestic, operating a passenger flight in foreign air transportation to the United States electronically transmit to Customs in advance of arrival a passenger and crew manifest that contains certain specified information. The submission of this information to Customs is required for purposes of ensuring aviation safety and protecting national security. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 12/31/01 66 FR 67482 Interim Final Rule Comment Period End 03/01/02 Final Action 10/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: James Jeffers, Operations Officer, Department of Homeland Security, Bureau of Customs and Border Protection, Office of Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 927-4444 RIN: 1515-AC99 _______________________________________________________________________ 2530. MANUFACTURING SUBSTITUTION DRAWBACK--DUTY APPORTIONMENT Priority: Substantive, Nonsignificant Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1202; 19 USC 1313; 19 USC 1624 CFR Citation: 19 CFR 191 Legal Deadline: None Abstract: Amendment to provide the method for calculating manufacturing substitution drawback where imported merchandise, which is dutiable on its value, contains a chemical element and amounts of that chemical element are used in the manufacture or production of articles that are either exported or destroyed under Customs supervision. Recent court cases have held that a chemical element that is contained in an imported material that is subject to an ad valorem rate of duty may be designated as same kind and quality merchandise for drawback purposes. Amendment provides the method by which the duty attributable to the chemical element can be apportioned. Amendment requires a drawback claimant, where applicable, to make this apportionment calculation. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 07/24/02 67 FR 48368 Interim Final Rule Effective 07/24/02 Interim Final Rule Comment Period End 09/23/02 Final Action 07/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: William G. Rosoff, Chief, Duty Refund and Determination Branch, Department of Homeland Security, Bureau of Customs and Border Protection, Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 572-8807 RIN: 1515-AD02 _______________________________________________________________________ 2531. ACCESS TO CUSTOMS SECURITY AREAS AT AIRPORTS Priority: Substantive, Nonsignificant Legal Authority: 5 USC 301; 19 USC 58b; 19 USC 66; 19 USC 1433; 19 USC 1436; 19 USC 1448; 19 USC 1459; 19 USC 1590; 19 USC 1594; 19 USC 1623; 19 USC 1624; 19 USC 1644; 19 USC 1644a CFR Citation: 19 CFR 122 Legal Deadline: None Abstract: Amendments regarding the standards for employee access to Customs security areas at airports that accommodate international air commerce. Amendments involve the addition of a biennial access approval reapplication requirement; an expansion of the grounds for denial of an application for access; the addition of a requirement that each employee granted access must report to Customs certain changes in the employee's circumstances; the inclusion of several new employer responsibilities; an expansion of the grounds for revocation or suspension of access and for proposed revocation or suspension of access; and a limitation of the opportunity to have a hearing in a revocation or suspension action to only cases in which there is a genuine issue regarding a material fact. The changes are needed to enhance the security areas and are commensurate with the heightened enforcement posture of the Federal Government following the September 11, 2001, terrorist attacks. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 07/29/02 67 FR 48977 [[Page 30816]] Interim Final Rule Effective 07/29/02 Interim Final Rule Comment Period End 09/27/02 Final Action 09/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Elizabeth Tritt, Operations Officer, Department of Homeland Security, Bureau of Customs and Border Protection, Office of Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 927-4434 RIN: 1515-AD04 _______________________________________________________________________ 2532. CONDITIONAL RELEASE PERIOD AND CUSTOMS BOND OBLIGATIONS FOR FOOD, DRUGS, DEVICES, AND COSMETICS Priority: Substantive, Nonsignificant Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1448; 19 USC 1484; 19 USC 1499; 19 USC 1623; 19 USC 1624; 21 USC 381 CFR Citation: 19 CFR 141; 19 CFR 151 Legal Deadline: None Abstract: Amendment to provide for a specific conditional release period for any food, drug, device, or cosmetic that has been released under bond and for which admissibility is to be determined under the provisions of the Food, Drug, and Cosmetic Act. Amendment also clarifies the amount of liquidated damages that may be assessed when there is a breach of the terms and conditions of the Customs bond. Lastly, amendment authorizes any representative of the Food and Drug Administration to obtain a sample of any food, drug, device, or cosmetic, the importation of which is governed by section 801 of the Food, Drug, and Cosmetic Act, as amended. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/07/02 67 FR 39322 NPRM Comment Period End 08/06/02 Final Action 10/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Jeremy Baskin, Attorney-Advisor, Penalties Branch, Department of Homeland Security, Bureau of Customs and Border Protection, Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 572-8753 RIN: 1515-AD05 _______________________________________________________________________ 2533. PASSENGER NAME RECORD INFORMATION REQUIRED FOR PASSENGERS ON FLIGHTS IN FOREIGN AIR TRANSPORTATION TO OR FROM THE UNITED STATES Priority: Substantive, Nonsignificant Legal Authority: 5 USC 301; 19 USC 58b; 19 USC 66; 19 USC 1433; 19 USC 1436; 19 USC 1448; 19 USC 1459; 19 USC 1590; 19 USC 1594; 19 USC 1623; 19 USC 1624; 19 USC 1644; 19 USC 1644a; 19 USC 1431; 49 USC 44909(c) CFR Citation: 19 CFR 122 Legal Deadline: None Abstract: Amendment to implement a provision of the Aviation and Transportation Security Act, which requires that air carriers make Passenger Name Record (PNR) information available to Customs upon request. The availability of PNR information to Customs is necessary for purposes of ensuring aviation safety and protecting national security. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 06/25/02 67 FR 42710 Interim Final Rule Effective 06/25/02 Interim Final Rule Comment Period End 08/26/02 Final Action 10/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Liliana Quintero, Operations Officer, Department of Homeland Security, Bureau of Customs and Border Protection, Office of Field Operations, 1300 Pennsylvania Avenu NW., Washington, DC 20229 Phone: 202 927-2531 RIN: 1515-AD06 _______________________________________________________________________ 2534. PERFORMANCE OF CUSTOMS BUSINESS BY PARENT AND SUBSIDIARY CORPORATIONS Priority: Substantive, Nonsignificant Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1624; 19 USC 1641 CFR Citation: 19 CFR 111 Legal Deadline: None Abstract: Amendment to specify circumstances in which a corporate entity may perform certain customs business on behalf of a parent corporation or subsidiary corporation or sister subsidiary corporation without the need to obtain a customs broker license. It is anticipated that the amendment would improve the operational efficiency of the affected corporate entities and thereby enhance their ability to ensure compliance with applicable customs laws and regulations. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 10/15/02 67 FR 63576 NPRM Comment Period End 12/16/02 Final Action 07/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None 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 RIN: 1515-AD14 _______________________________________________________________________ 2535. [bull] CONFIDENTIALITY PROTECTION FOR VESSEL CARGO MANIFEST INFORMATION Priority: Substantive, Nonsignificant Legal Authority: 5 USC 301; 19 USC 552; 19 USC 552a; 19 USC 66; 19 USC 1431; 19 USC 1624; 31 USC 9701 CFR Citation: 19 CFR 103 Legal Deadline: None Abstract: Amendment to provide that, in addition to the importer or consignee, parties that electronically transmit vessel cargo manifest information directly to Customs 24 or more hours before cargo is laden aboard the vessel at the foreign port may [[Page 30817]] request confidentiality with respect to the name and address of the importer or consignee, related marks, and identification numbers that reveal their names and addresses, and the names and addresses of their shippers. These parties must submit to Customs a letter of authorization signed by the importer or consignee with the request for confidentiality. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/09/03 68 FR 1173 NPRM Comment Period End 02/10/03 Final Action 07/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Larry L. Burton, Director, International Trade Compliance, Department of Homeland Security, Bureau of Customs and Border Protection, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 572-8728 RIN: 1515-AD18 _______________________________________________________________________ 2536. [bull] 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 non-textile 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 10/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Robert Abels, Operations Officer, Department of Homeland Security, Bureau of Customs and Border Protection, Office of Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 927-1959 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 Craig Walker, Senior Attorney-Advisor, Department of Homeland Security, Bureau of Customs and Border Protection, Special Classification and Marking Branch, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 572-8810 Leon Hayward, Operations Officer, Department of Homeland Security, Bureau of Customs and Border Protection, Office of Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 927-3271 RIN: 1515-AD19 _______________________________________________________________________ 2537. [bull] 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 10/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Robert Abels, Operations Officer, Department of Homeland Security, Bureau of Customs and Border Protection, Office of Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 927-1959 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: 1515-AD20 _______________________________________________________________________ 2538. [bull] 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; [[Page 30818]] 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. 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. 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 08/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Joseph Lanzante, Operations Officer, Department of Homeland Security, Bureau of Customs and Border Protection, Office of Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 927-5246 RIN: 1515-AD21 _______________________________________________________________________ 2539. [bull] 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 10/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Robert Abels, Operations Officer, Department of Homeland Security, Bureau of Customs and Border Protection, Office of Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 927-1959 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: 1515-AD22 _______________________________________________________________________ 2540. [bull] PREFERENTIAL TREATMENT OF BRASSIERES 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 3314; 19 USC 2701 CFR Citation: 19 CFR 10 Legal Deadline: None Abstract: Amendment to the provisions of the Customs Regulations that implement the trade benefits for Caribbean Basin countries contained in section 213(b) of the Caribbean Basin Economic Recovery Act (the CBERA). The amendments involve the brassieres provision of section 213(b) and primarily reflect changes made to that statutory provision by section 3107 of the Trade Act of 2002. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 07/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Robert Abels, Operations Officer, Department of Homeland Security, Bureau of Customs and Border Protection, Office of Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 927-1959 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: 1515-AD24 _______________________________________________________________________ 2541. [bull] REFUND OF DUTIES PAID ON IMPORTS OF CERTAIN WOOL PRODUCTS 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 CFR Citation: 19 CFR 10 Legal Deadline: None Abstract: Amendment to remove the regulation originally promulgated to provide procedures for the issuance of refunds of duties paid on certain wool imports pursuant to section 505 of title V of the Trade and Development Act of 2000. As section 5101 of the Trade Act of 2002 significantly amended section 505 and provides self-effectuating procedures for the issuance of the refunds, the regulation implementing section 505 is no longer necessary and is obsolete. [[Page 30819]] Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Final Action 07/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Suzanne Kingsbury, Attorney, Regulations Branch, Department of Homeland Security, Bureau of Customs and Border Protection, Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 572-8763 RIN: 1515-AD27 _______________________________________________________________________ 2542. [bull] CUSTOMS BROKER LICENSE EXAMINATION DATES Priority: Substantive, Nonsignificant Legal Authority: 19 USC 66; 19 USC 1202; 19 USC 1624; 19 USC 1641 CFR Citation: 19 CFR 111 Legal Deadline: None Abstract: Amendment to allow Customs to publish a notice changing the date on which a semiannual written examination for an individual broker's license will be held when the normal date (the first Monday in April and October) conflicts with a hoiliday, religious observance, or other scheduled event. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 06/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Mike Craig, Operations Officer, Broker Management Branch, Department of Homeland Security, Bureau of Customs and Border Protection, Office of Field Operations, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 927-1684 RIN: 1515-AD28 _______________________________________________________________________ 2543. [bull] CONFIDENTIALITY OF COMMERCIAL INFORMATION Priority: Substantive, Nonsignificant Legal Authority: 5 USC 301; 5 USC 552; 5 USC 552a; 19 USC 66; 19 USC 1431; 19 USC 1624; 19 USC 1628; EO 12600 CFR Citation: 19 CFR 103 Legal Deadline: None Abstract: Amendment regarding the disclosure procedures that Customs follows when commercial information is provided to Customs by a business submitter. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 06/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Kelly Herman, Attorney, Disclosure Law Branch, Department of Homeland Security, Bureau of Customs and Border Protection, Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 572-8713 RIN: 1515-AD29 _______________________________________________________________________ Department of the Treasury (TREAS) Long-Term Actions United States Customs Service (CUSTOMS) _______________________________________________________________________ 2544. ENTRY OF SOFTWOOD LUMBER SHIPMENTS FROM CANADA Priority: Substantive, Nonsignificant CFR Citation: 19 CFR 12; 19 CFR 113 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 02/26/97 62 FR 8620 Interim Final Rule Effective 02/26/97 Interim Final Rule Comment Period End 04/28/97 Final Action To Be Determined Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Leon Hayward Phone: 202 927-3271 Related RIN: Related To 1515-AC62 RIN: 1515-AB97 _______________________________________________________________________ 2545. DESIGNATED LAND BORDER CROSSING LOCATIONS FOR CERTAIN CONVEYANCES Priority: Substantive, Nonsignificant CFR Citation: 19 CFR 123 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 11/17/97 62 FR 61251 NPRM Comment Period End 01/16/98 Final Action To Be Determined Regulatory Flexibility Analysis Required: No Government Levels Affected: None Federalism: Undetermined Agency Contact: Dennis Dore Phone: 202 927-3274 RIN: 1515-AC12 _______________________________________________________________________ 2546. ENTRY OF SOFTWOOD LUMBER SHIPMENTS FROM CANADA Priority: Substantive, Nonsignificant CFR Citation: 19 CFR 12 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 05/23/00 65 FR 33251 Interim Final Rule Effective 05/23/00 Interim Final Rule Comment Period End 07/24/00 Final Action To Be Determined Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Leon Hayward Phone: 202 927-3271 Related RIN: Related To 1515-AB97 RIN: 1515-AC62 _______________________________________________________________________ 2547. SIMPLIFICATION OF IN-TRANSIT TRUCK SHIPMENTS BETWEEN CANADA AND THE UNITED STATES Priority: Substantive, Nonsignificant CFR Citation: 19 CFR 123 [[Page 30820]] Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM To Be Determined Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Raymond Janiszewski Phone: 202 927-0365 RIN: 1515-AC65 _______________________________________________________________________ 2548. PROCEDURES GOVERNING THE BORDER RELEASE ADVANCED SCREENING AND SELECTIVITY (BRASS) PROGRAM Priority: Substantive, Nonsignificant CFR Citation: 19 CFR 24; 19 CFR 123; 19 CFR 132; 19 CFR 142 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 02/01/02 67 FR 4930 NPRM Comment Period End 04/02/02 Final Action To Be Determined Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Enrique S. Tamayo Phone: 202 927-0693 RIN: 1515-AC92 _______________________________________________________________________ Department of the Treasury (TREAS) Completed Actions United States Customs Service (CUSTOMS) _______________________________________________________________________ 2549. DEFERRAL OF DUTY ON LARGE YACHTS IMPORTED FOR SALE Priority: Substantive, Nonsignificant CFR Citation: 19 CFR 4; 19 CFR 113 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action 03/20/03 68 FR 13623 Final Action Effective 04/21/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Larry L. Burton Phone: 202 572-8728 RIN: 1515-AC58 _______________________________________________________________________ 2550. RULES OF ORIGIN FOR TEXTILE AND APPAREL PRODUCTS Priority: Substantive, Nonsignificant CFR Citation: 19 CFR 102 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action 02/25/03 68 FR 8711 Final Action Effective 02/25/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Cynthia Reese Phone: 202 572-8790 RIN: 1515-AC80 _______________________________________________________________________ 2551. SINGLE ENTRY FOR SPLIT SHIPMENTS Priority: Substantive, Nonsignificant CFR Citation: 19 CFR 141; 19 CFR 142 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action 02/25/03 68 FR 8713 Final Action Effective 03/27/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Gina Grier Phone: 202 572-8730 RIN: 1515-AC91 _______________________________________________________________________ 2552. ENTRY OF CERTAIN STEEL PRODUCTS Priority: Substantive, Nonsignificant CFR Citation: 19 CFR 12 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Rule 03/21/03 68 FR 13835 Final Rule Effective 03/21/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Lisa Santana Phone: 202 927-4342 RIN: 1515-AD15 _______________________________________________________________________ 2553. [bull] COMPLIANCE WITH INFLATION ADJUSTMENT ACT Priority: Substantive, Nonsignificant Legal Authority: 5 USC 301; 19 USC 66; 19 USC 1431; 19 USC 1433; 19 USC 1624; 28 USC 2461 note; 46 USC 12106; 46 USC App 289; 46 USC App 316(a) CFR Citation: 19 CFR 4 Legal Deadline: None Abstract: Pursuant to the Federal Civil Penalties Inflation Act of 1990 (the Act), each Federal agency is required to adjust for inflation any civil monetary penalty covered by the Act that may be assessed in connection with violations of those statutes that the agency administers. While civil monetary penalties assessed by Customs under any provisions of the Tariff Act of 1930 are specifically exempted from the Act, Customs does administer two statutory provisions covered by the Act. One statute concerns the transportation of passengers between ports or places in the United States, the other concerns the coastwise towing of vessels. This amendment adjusts the amount of penalty that can be assessed for violations incurred under these two statutory provisions. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Final Rule 03/21/03 68 FR 13819 Final Rule Effective 03/21/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Jeremy Baskin, Attorney-Advisor, Penalties Branch, Department of Homeland Security, Bureau of Customs and Border Protection, Office of Regulations and Rulings, 1300 Pennsylvania Avenue NW., Washington, DC 20229 Phone: 202 572-8753 RIN: 1515-AD25 BILLING CODE 4820-02-S [[Page 30821]] _______________________________________________________________________ Department of the Treasury (TREAS) Prerule Stage Internal Revenue Service (IRS) _______________________________________________________________________ 2554. 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 12/00/03 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:CORP 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 _______________________________________________________________________ 2555. 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 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Undetermined Additional Information: REG-137076-02 Drafting attorney: Cynthia A. McGreevy (202) 622-3130 Reviewing attorneys: Frank Boland (202) 622-3130 and Phillip Howard (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-BB04 _______________________________________________________________________ 2556. [bull] FRACTIONAL PARTS OF A DOLLAR (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7504 CFR Citation: 26 CFR 7504; 26 CFR 301 Legal Deadline: None Abstract: Regulations will authorize the Internal Revenue Service (IRS) to round figures when transcribing amounts from forms into the IRS's database. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulation 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-147965-02 Drafting attorney: Marcy W. Mendelsohn (202) 622-4940 Reviewing attorney: Charles A. Hall (202) 622-4940 Treasury attorney: Julian Kim (202) 622-1981 CC:PA:APJP Agency Contact: Marcy W. Mendelsohn, 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-BB35 RIN: 1545-BB42 _______________________________________________________________________ 2557. [bull] UPDATE TO SECTION 6081 REGULATIONS (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6081 CFR Citation: 26 CFR 1; 26 CFR 31; 26 CFR 602 Legal Deadline: None Abstract: These temporary regulations will allow an automatic extension of time to file certain information returns. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulation 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-107618-02 Drafting attorney: Charles A. Hall (202) 622-4940 Reviewing attorney: Judith M. Wall (202) 622-4940 Treasury attorney: John Parcell (202) 622-2578 CC:PA:APJP Agency Contact: Charles A. Hall, Senior Counsel, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4940 RIN: 1545-BB55 _______________________________________________________________________ 2558. [bull] 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 must 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 [[Page 30822]] particular security. Many of the securities subject to section 475 raise difficult valuation issues. This advanced notice of proposed rulemaking is asking for comments on rules and standards that the IRS is considering using a financial statement-tax conformity approach for valuing certain securities under section 475 for which the determination of actual fair market value is administratively difficult. The rules will include: (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 record-keeping, 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. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ ANPRM 06/00/03 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: No Government Levels Affected: None Additional Information: REG-100420-03 Drafting attorney: Marsha A. Sabin (202) 622-3950 Reviewing attorney: Robert Williams (202) 622-3960 Treasury attorneys: Michael Novey (202) 622-1339 and Viva Hammer (202) 622-0869 CC:FIP 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 _______________________________________________________________________ 2559. [bull] DISCLOSURE OF RETURN INFORMATION TO THE DEPARTMENT OF AGRICULTURE (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6103(j)(5) CFR Citation: 26 CFR 301 Legal Deadline: None Abstract: This temporary 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 ________________________________________________________________________ Temporary Regulation 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Federal Additional Information: REG-103809-03 Drafting attorney: Christine S. Irwin (202) 622-4570 Reviewing attorney: Gerald Ryan (202) 622-4570 CC:PA:DPL Agency Contact: Christine S. Irwin, 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-BA56, Related To 1545-BA35 RIN: 1545-BB91 _______________________________________________________________________ Department of the Treasury (TREAS) Proposed Rule Stage Internal Revenue Service (IRS) _______________________________________________________________________ 2560. 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 investment income effectively connected with the conduct of an insurance business in the United States by a foreign company. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 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 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 _______________________________________________________________________ 2561. OUTBOUND TRANSFERS OF PROPERTY TO FOREIGN CORPORATIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 367 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The income tax regulations under section 367(a) will be amended to reflect the changes made to that section by the Technical and Miscellaneous Corrections Act of 1988. Section 367(a)(5) now provides that a transfer of assets to a foreign corporation in an exchange described in section 361 is subject to section 367(a)(1), unless certain ownership requirements and other conditions are met. The regulations will provide guidance regarding the application of this section. The change in the statute was necessitated by the repeal of ``General Utilities.'' Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 [[Page 30823]] Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-209006-89 (INTL-089-89) Drafting attorney: Tasheaya Warren Ellison (202) 622-3860 Reviewing attorney: Charlie Besecky (202) 622-3860 CC:INTL Agency Contact: Tasheaya Warren Ellison, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3860 RIN: 1545-AM97 _______________________________________________________________________ 2562. 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 12/00/03 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 _______________________________________________________________________ 2563. 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 12/00/03 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 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 _______________________________________________________________________ 2564. 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 06/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-208299-90 (INTL-70-90) Drafting attorney: Kenneth P. Christman (202) 622-3870 Reviewing attorney: Paul S. Epstein (202) 622-3870 Treasury attorney: Patricia Brown (202) 622-1781 CC:INTL Agency Contact: Kenneth P. Christman, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3870 RIN: 1545-AP01 _______________________________________________________________________ 2565. 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 12/00/03 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: Steven Jensen (202) 622-3870 Treasury attorney: Patricia Brown (202) 622-1781 CC:INTL Agency Contact: Garrett D. Gregory, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, [[Page 30824]] 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3870 RIN: 1545-AP10 _______________________________________________________________________ 2566. 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 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 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-209604-93 (INTL-001-93) Drafting attorney: Kenneth P. Christman (202) 622-3870 Reviewing attorney: Paul S. Epstein (202) 622-3870 Treasury attorney: Patricia Brown (202) 622-1781 CC:INTL Agency Contact: Kenneth P. Christman, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3870 RIN: 1545-AR20 _______________________________________________________________________ 2567. SOURCE RULES FOR PAYMENTS MADE PURSUANT TO CERTAIN SWAP ARRANGEMENTS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 863; 26 USC 7701 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulations will provide rules for determining the source and character of payments made in certain swap transactions. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-253560-96 Drafting attorney: Paul S. Epstein (202) 622-3870 Reviewing attorney: Paul S. Epstein (202) 622-3870 CC:INTL Agency Contact: Paul S. Epstein, Senior Technical Reviewer, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3870 RIN: 1545-AU89 _______________________________________________________________________ 2568. SUBSTANTIATING TRAVEL EXPENSE DEDUCTIONS FOR MEMBERS OF CONGRESS Priority: Substantive, Nonsignificant 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 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-105513-97 Drafting attorney: Edwin B. Cleverdon (202) 622-4920 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: 202 622-4920 RIN: 1545-AV55 _______________________________________________________________________ 2569. FOREIGN TAX CREDIT ANTI-ABUSE REGULATION Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 901; 26 USC 901; 26 USC 904; 26 USC 864; 26 USC 7701 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulation will disallow foreign tax credits with respect to foreign taxes generated in certain arrangements from which the reasonably expected economic profits are insubstantial compared to expected foreign tax credits. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-103445-98 Drafting attorney: Bethany Ingwalson (202) 622-3850 Reviewing attorney: Barbara A. Felker (202) 622-3850 CC:INTL Agency Contact: Bethany Ingwalson, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3850 RIN: 1545-AV97 _______________________________________________________________________ 2570. 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 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No [[Page 30825]] Government Levels Affected: None Additional Information: REG-106167-98 Drafting attorney: Patrick S. Kirwan (202) 622-3130 Reviewing attorneys: Frank K. Boland (202) 622-3130 and Phillip Howard (202) 622-3000 Treasury attorney: John Parcell (202) 622-2578 CC:PSI Agency Contact: Patrick S. Kirwan, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3130 RIN: 1545-AW19 _______________________________________________________________________ 2571. CONTINGENT DEBT INSTRUMENT Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 988 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulation will prescribe the tax treatment of section 988 debt instruments that provide for contingent payments. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-106486-98 Drafting attorney: Milton M. Cahn (202) 622-3870 Reviewing attorney: Jeffrey Dorfman (202) 622-3870 CC:INTL Agency Contact: Milton M. Cahn, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3870 RIN: 1545-AW33 _______________________________________________________________________ 2572. 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 capital gain 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. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-110896-98 Drafting attorney: William C. Bomar (202) 622-7830 Reviewing attorney: Katherine A. Mellody (202) 622-3090 Treasury attorney: Catherine Hughes (202) 622-9407 CC:PSI Agency Contact: William C. Bomar, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7830 RIN: 1545-AW35 _______________________________________________________________________ 2573. CONSTRUCTIVE SALES OF APPRECIATED FINANCIAL POSITIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 1259 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations relate to principles for determining if a taxpayer has constructively sold an appreciated financial position. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: Businesses, Organizations Government Levels Affected: None Additional Information: REG-102191-98 Drafting attorney: Kathleen Sleeth (202) 622-3920 Reviewing attorney: Elizabeth Handler (202) 622-3920 Treasury attorney: Michael Novey (202) 622-1339 CC:FIP 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-AW97 _______________________________________________________________________ 2574. 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 to shipping and aircraft companies for application of the source rules for certain income under sections 863(c) and 863(d), and for related space or ocean activity income that is also foreign-based company shipping income under section 954(f). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: No Government Levels Affected: None Additional Information: REG-115557-98 Drafting attorney: Patricia A. Bray (202) 622-3880 Reviewing attorney: Elizabeth Karzon (202) 622-3880 Treasury attorney: Carl Dubert (202) 622-0222 CC:INTL Agency Contact: Patricia A. Bray, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 [[Page 30826]] Phone: 202 622-3880 RIN: 1545-AX02 _______________________________________________________________________ 2575. STRADDLES--ONE SIDE LARGER THAN THE OTHER Priority: Substantive, Nonsignificant Legal Authority: 26 USC 1092 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: A ``straddle'' occurs, for purposes of section 1092 of the Internal Revenue Code, when a taxpayer enters into two separate positions in financial instruments that ``offset'' each other. Positions offset each other when, taken together, they substantially diminish the taxpayer's risk of loss. A taxpayer in a ``straddle'' is subject to various limitations on recognition of loss on the positions until both positions are liquidated. These regulations deal with the situation in which one position is larger than the other (that is, the diminution of the risk of loss for one position is only partial). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-107335-99 Drafting attorney: Charles W. Culmer (202) 622-3960 Reviewing attorney: Robert Williams (202) 622-3960 Treasury attorney: Viva Hammer (202) 622-0869 CC:FIP Agency Contact: Charles W. Culmer, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3960 RIN: 1545-AX16 _______________________________________________________________________ 2576. DEFINITION OF ACCOUNTING METHOD Priority: Substantive, Nonsignificant 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 03/00/04 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-105228-99 Drafting attorney: Jeffery G. Mitchell (202) 622-4970 Reviewing attorney: Thomas Luxner (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-AX21 _______________________________________________________________________ 2577. 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. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 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) 622-6080 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-AX26 _______________________________________________________________________ 2578. CASH OR DEFERRED ARRANGEMENTS (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The proposed regulations update and revise regulations for cash or deferred arrangements. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulation 12/00/03 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: Businesses Government Levels Affected: None Additional Information: REG-108639-99 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-AX43 _______________________________________________________________________ 2579. 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 [[Page 30827]] Taxpayer Relief Act of 1997 and the IRS Restructuring and Reform Act of 1998. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-111833-99 Drafting attorney: Tami C. Belouin (202) 622-7940 Reviewing attorneys: Susan T. Mosley (202) 622-7940 and Henry S. Schneiderman (202) 622-7820 Treasury attorney: Julian Kim (202) 622-1981 CC:PA:APJP Agency Contact: Tami C. Belouin, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7940 RIN: 1545-AX46 _______________________________________________________________________ 2580. HIGHLY COMPENSATED EMPLOYEE Priority: Substantive, Nonsignificant Legal Authority: 26 USC 414 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulations provide the definition of highly compensated employee. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 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 _______________________________________________________________________ 2581. 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 12/00/03 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, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3860 Fax: 202 622-4476 RIN: 1545-AX77 _______________________________________________________________________ 2582. 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 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Federalism: Undetermined 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 _______________________________________________________________________ 2583. ASSUMPTION OF PARTNERSHIP LIABILITIES Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 752 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This proposed regulation prevents the acceleration or duplication of losses through the assumption of liabilities in transactions involving partnerships. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: No Government Levels Affected: Undetermined Federalism: Undetermined Additional Information: REG-106736-00 Drafting attorney: Horace Howells (202) 622-3050 Reviewing attorney: Dianna Miosi (202) 622-3050 [[Page 30828]] Treasury attorney: Deborah Harrington (202) 622-1788 CC:PSI Agency Contact: Horace W. Howells, 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 _______________________________________________________________________ 2584. LIKE-KIND EXCHANGES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 168; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulations relate to like-kind exchanges under section 168 of the Internal Revenue Code. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-106590-00 Drafting attorney: Alan H. Cooper (202) 622-3110 Reviewing attorney: Charles Ramsey (202) 622-3110 Treasury attorney: George Manousos (202) 622-1335 CC:PSI Agency Contact: Alan H. Cooper, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3110 RIN: 1545-AX95 _______________________________________________________________________ 2585. GUIDANCE ON CHANGES TO THE LAWS FOR CORPORATE ESTIMATED TAXES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 6655 CFR Citation: Not Yet Determined Legal Deadline: None Abstract: The proposed regulations provide guidance on changes to the law for corporate estimated taxes. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: None Additional Information: REG-107722-00 Drafting attorney: Robert A. Desilets, Jr. (202) 622-4910 Reviewing attorney: Pamela W. Fuller (202) 622-4910 Treasury attorney: George Manousos (202) 622-1335 CC:PA:APJP Agency Contact: Robert A. Desilets Jr., Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4910 RIN: 1545-AY22 _______________________________________________________________________ 2586. WITHHOLDING TAX ON FOREIGN PARTNERS' SHARE OF EFFECTIVELY CONNECTED INCOME Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805; 26 USC 1446 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will provide guidance for partnership withholding on partners' allocable share of partnership's effectively connected income. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: Undetermined Federalism: Undetermined Additional Information: REG-108524-00 Drafting attorney: David J. Sotos (202) 622-3860 Reviewing attorney: Michael H. Frankel (202) 622-3860 Treasury attorney: Michael Caballero (202) 622-0851 CC:INTL Agency Contact: David J. Sotos, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3860 RIN: 1545-AY28 _______________________________________________________________________ 2587. 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 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Undetermined Federalism: Undetermined 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 _______________________________________________________________________ 2588. 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 [[Page 30829]] Abstract: The regulation will address the allocation of income and deductions from intangible property. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Federalism: Undetermined Additional Information: REG-115037-00 Drafting attorney: Anne P. Shelburne (202) 874-1490 Reviewing attorney: John M. Breen(202) 874-1490 Treasury attorney: Rocco Femia (202) 622-1755 CC:INTL Agency Contact: Anne P. Shelburne, Senior Counsel, Department of the Treasury, Internal Revenue Service, 950 L'Enfant Plaza SW, Washington, DC 20024 Phone: 202 874-1490 RIN: 1545-AY38 _______________________________________________________________________ 2589. DOLLAR-VALUE LIFO Priority: Substantive, Nonsignificant 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 12/00/03 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 _______________________________________________________________________ 2590. PREVIOUSLY TAXED EARNINGS AND PROFITS UNDER SUBPART F Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805; 26 USC 959 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will address previously taxed earnings and profits under subpart F. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: No Government Levels Affected: Undetermined Federalism: Undetermined Additional Information: REG-121509-00 Drafting attorney: Jonathan A. Sambur (202) 622-3840 Reviewing attorney: Kelly Kogan (202) 622-3840 CC:INTL Agency Contact: Jonathan A. Sambur, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington Phone: 202 622-3840 RIN: 1545-AY54 _______________________________________________________________________ 2591. NORMAL RETIREMENT AGE FOR PENSION PLANS Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Unfunded Mandates: Undetermined Legal Authority: 26 USC 411; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations will provide guidance regarding the determination of normal retirement age in a pension plan, including a money purchase pension plan, target benefit plan and defined benefit plan. Section 411(a)(8) defines the term normal retirement age as the earlier of: 1) the time a participant attains normal retirement age under the plan; or 2) the later of the time a plan participant attains age 65, or the 5th anniversary of the time a plan participant commenced participation in the plan. These regulations also would provide section 411(d)(6) relief for amendments that modify a pension plan's normal retirement age to conform with the proposed regulation. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: No Government Levels Affected: None Additional Information: REG-125499-00 Drafting attorney: Janet A. Laufer (202) 622-6090 Reviewing attorney: Marjorie Hoffman (202) 622-6030 Treasury attorney: William Bortz (202) 622-1352 CC:TEGE Agency Contact: Janet A. Laufer, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-6090 Fax: 202 622-4084 RIN: 1545-AY61 _______________________________________________________________________ 2592. NORMALIZATION Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 167; 26 USC 168; 26 USC 46 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations relate to the sale or deregulation of generation assets. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 [[Page 30830]] Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Undetermined 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 _______________________________________________________________________ 2593. 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 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-120297-01 Drafting attorney: David L. Fish (202) 622-4590 Reviewing attorney: Stuart Murray (2020 622-4590 Treasury attorney: Eric San Juan (202) 622-0224 CC:PA:DPL Agency Contact: David L. Fish, Senior Technician Reviewer, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4590 RIN: 1545-AY89 _______________________________________________________________________ 2594. PAYMENTS FOR INTEREST IN PARTNERSHIP Priority: Substantive, Nonsignificant Legal Authority: 26 USC 736 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The proposed regulations relate to section 736(b)(3)(B), regarding payments for interest in a partnership if the retiring or deceased partner was a general partner in the partnership. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-123382-01 Drafting attorney: James M. Gergurich (202) 622-3070 Reviewing attorney: Christine Ellison (202) 622-3070 CC:PSI Agency Contact: James M. Gergurich, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3070 RIN: 1545-AY90 _______________________________________________________________________ 2595. ALLOCATION AND APPORTIONMENT OF INTEREST EXPENSE Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 864 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This proposed regulation provides guidance with respect to methods of apportioning interest expense under section 864(e) of the Code. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-129447-01 Drafting attorney: Melissa D. Arndt (202) 622-3850 Reviewing attorney: Anne Devereaux (202) 622-3850 Treasury attorneys: Michael Caballero (202) 622-0851 John Harrington (202) 622-0589 CC:INTL Agency Contact: Melissa D. Arndt, 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-BA92 RIN: 1545-BA02 _______________________________________________________________________ 2596. 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 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-107592-00 Drafting attorney: Frances Kelly (202) 622-7770 Reviewing attorney: Michael J. Wilder (202) 622-7750 Treasury attorney: Audrey Nacamuli (202) 622-5721 CC:CORP Agency Contact: Frances Kelly, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 [[Page 30831]] Phone: 202 622-7770 Related RIN: Related To 1545-AW30 RIN: 1545-BA11 _______________________________________________________________________ 2597. DEDUCTIBILITY OF EMPLOYER CONTRIBUTIONS FOR DEFERRED COMPENSATION Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations will update and clarify the general rules for deductibility of employer contributions to qualified retirement plans and other deferred compensation arrangements. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 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 _______________________________________________________________________ 2598. CONTINUATION OF A CONSOLIDATED GROUP Priority: Substantive, Nonsignificant Legal Authority: 26 USC 1502 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation addresses issues related to the continuation of consolidated groups in regulation's section 1.1502-75. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-126022-01 Drafting attorney: Christopher M. Bass (202) 622-7770 Reviewing attorney: Edward Cohen (202) 622-7770 CC:CORP 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-BA14 _______________________________________________________________________ 2599. 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 12/00/03 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 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 _______________________________________________________________________ 2600. GASOLINE TAX CLAIMS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 6416 CFR Citation: 26 CFR 48 Legal Deadline: None Abstract: The proposed regulation will provide guidance regarding claims for credit or refund of the gasoline tax under section 6416(b)(2) of the Internal Revenue Code. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ ANPRM 10/23/01 66 FR 53564 NPRM 06/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses, Governmental Jurisdictions Government Levels Affected: State, Local, Tribal Additional Information: REG-143219-01 Drafting attorney: Susan Athy (202) 622-3130 Reviewing attorneys: Frank Boland (202) 622-3130 and Phillip Howard (202) 622-3000 CC:PSI Agency Contact: Susan Athy, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3130 RIN: 1545-BA27 _______________________________________________________________________ 2601. 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 7805 CFR Citation: 26 CFR 301 Legal Deadline: None Abstract: The proposed regulation provides guidance regarding modified rules for serving summonses on third-party recordkeepers, the broadened range of summonses subject to the notice requirements, and the suspension of limitations periods when court actions are brought or when a summoned third party fails to fully respond to a summons. This proposed regulation incorporates the changes enacted in the Internal Revenue Service Restructuring and Reform Act of 1998, [[Page 30832]] Omnibus Budget Reconciliation Act of 1990, Technical and Miscellaneous Revenue Act of 1988 and 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 06/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-153037-01 Drafting attorney: Elizabeth D. Rawlins (202) 622-3630 Reviewing attorney: Robert A. Miller (202) 622-3630 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: 202 622-3630 RIN: 1545-BA31 _______________________________________________________________________ 2602. AMENDMENTS TO RULES FOR ALLOCATION OF BASIS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 755 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The proposed regulation amends the regulations under section 755 (section 1.755-1) in order to better coordinate with recent revisions to section 1.755-2 relating to rules for allocation of basis. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-155345-01 Drafting attorney: Craig A. Gerson (202) 622-3050 Reviewing attorney: Matthew Lay (202) 622-3060 Treasury attorney: Deborah Harrington (202) 622-1788 CC:PSI Agency Contact: Craig A. Gerson, 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-AX18 RIN: 1545-BA32 _______________________________________________________________________ 2603. EARNED INCOME CREDIT Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations relate to the earned income credit. The final regulations reflect changes in the law since the existing regulations were published in the Federal Register on March 13, 1980. Due to subsequent statutory changes in the applicable tax law, the regulations were not entirely in conformity with current law. Accordingly, sections of the final regulations are removed and amended. These regulations apply to individual taxpayers claiming the earned income credit. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-135061-01 Drafting attorney: Shoshanna Tanner (202) 622-6080 Reviewing attorney: Karin Loverud (202) 622-6080 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-BA34 _______________________________________________________________________ 2604. 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 the reference to section 911 in the section 931 regulations and update the definition of a possession under those regulations. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-159068-01 Drafting attorney: Jonathan A. Sambur (202) 622-3840 Reviewing attorney: Phyllis E. Marcus (202) 622-3840 Treasury attorney: Michael Mundaca (202) 622-1752 CC:INTL Agency Contact: Jonathan A. Sambur, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington Phone: 202 622-3840 RIN: 1545-BA37 _______________________________________________________________________ 2605. TREATMENT OF CERTAIN OBLIGATION-SHIFTING TRANSACTIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 864(c)(6); 26 USC 7701(e) CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation proposes a rule that applies to a single taxpayer engaging in certain tax-motivated obligation-shifting transfers to prevent tax avoidance. Similar multi-party tax avoidance techniques are addressed by Property Treasury Regulation section 1.7701(i)-2 (1996). This regulation also would modify a rule in the proposed regulation dealing with certain related-party transfers that might, in its present form, present opportunities for tax avoidance. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No [[Page 30833]] Small Entities Affected: No Government Levels Affected: None Additional Information: REG-160799-01 Drafting attorney: Jeffrey L. Vinnik (202) 622-3840 Reviewing attorney: David N. Bowen (202) 622-3800 Treasury attorney: Rocco Femia (202) 622-1755 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-BA41 _______________________________________________________________________ 2606. MULTI-FAMILY HOUSING BONDS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations relate to various issues with respect to multi-family housing bonds. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: No Government Levels Affected: State, Local Additional Information: REG-163765-01 Drafting attorney: Rose M. Weber (202) 622-3980 Reviewing attorney: Bruce M. Serchuk (202) 622-3980 Treasury attorney: Stephen J. Watson (202) 6622-1322 CC:TEGE Agency Contact: Rose M. Weber, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3980 Fax: 202 622-4437 RIN: 1545-BA45 _______________________________________________________________________ 2607. USER FEES FOR OFFERS TO COMPROMISE Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 31 USC 9701 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulations relating to user fees would be amended to provide for the imposition of a user fee for processing of offers to compromise. The charging of user fees implements the Independent Offices Appropriations Act, 31 U.S.C. 9701. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-103777-02 Drafting attorney: Gene W. Beard (202) 622-3620 Reviewing attorney: Frederick W. Schindler (202) 622-3620 Treasury attorney: Jodi Cohen (202) 622-0160 CC:PA:CBS Agency Contact: Gene W. Beard, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3620 RIN: 1545-BA54 _______________________________________________________________________ 2608. MODIFICATION OF CHECK THE BOX REGULATIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1; 26 CFR 301 Legal Deadline: None Abstract: The Modification of Check the Box regulation will add a new section to the 301.7701-2 regulations to provide that in certain circumstances, namely in State law mergers and conversions, a surviving disregarded entity will be regarded for purposes of assessment and collection of prior year tax liabilities of predecessor entities. Thus, following a transaction in which a regarded entity is merged or converted into a disregarded entity, the Commissioner will be able to exercise collection and assessment authority against the disregarded entity for any liabilities stemming from tax periods of the regarded entity prior to the date of the transaction. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: Undetermined Federalism: Undetermined Additional Information: REG-106681-02 Drafting attorney: James M. Gergurich (202) 622-3070 Reviewing attorney: Jeanne Sullivan (202) 622-3070 Treasury attorney: Stephanie Robinson (202) 622-9858 CC:PSI Agency Contact: James M. Gergurich, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3070 RIN: 1545-BA59 _______________________________________________________________________ 2609. ABATEMENT OF INTEREST ON LARGE ERRONEOUS REFUNDS Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Unfunded Mandates: Undetermined Legal Authority: 26 USC 6404(e) CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This proposed regulation will provide rules that address whether the Internal Revenue Service may abate interest on an erroneous refund exceeding $50,000 pursuant to I.R.C. section 6404(e) (26 U.S.C. 6404(e)). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: No Government Levels Affected: Undetermined [[Page 30834]] Federalism: Undetermined Additional Information: REG-167500-01 Drafting attorney: David A. Abernathy (202) 622-7940 Reviewing attorney: Richard Goldman (202) 622-7940 CC:PA:APJP Agency Contact: David A. Abernathy, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7940 RIN: 1545-BA61 _______________________________________________________________________ 2610. ALLOCATION AND APPORTIONMENT RULES: GUIDANCE ON SELECTED ISSUES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 863 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation provides guidance with respect to the allocation and apportionment under section 861 of selected deductions; e.g., charitable contributions and research and experimentation expenses. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-128240-01 Drafting attorney: Teresa B. Hughes (202) 622-3850 Reviewing attorney: Anne Devereaux (202) 622-3850 Treasury attorney: John Harrington (202) 622-0589 CC:INTL Agency Contact: Teresa B. Hughes, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3850 RIN: 1545-BA64 _______________________________________________________________________ 2611. PROVISIONS REGARDING CROSS-BORDER TRANSACTIONS Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805; 26 USC 368(a) 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 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Federalism: Undetermined 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, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3860 Fax: 202 622-4476 RIN: 1545-BA65 _______________________________________________________________________ 2612. INTEREST OTHER THAN THAT OF A CREDITOR Priority: Substantive, Nonsignificant Legal Authority: 26 USC 465; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation provides guidance under section 465(b)(3) of the Internal Revenue Code. The regulations state when 465(b)(3) will apply to activities and clarify who has an interest other than that of a creditor. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Undetermined Additional Information: REG-209377-89 Drafting attorney: Tara P. Volungis (202) 622-3080 Reviewing attorney: Christine Ellison (202) 622-3070 Treasury attorney: John Parcell (202) 622-2578 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 RIN: 1545-BA69 _______________________________________________________________________ 2613. CIRCULAR 230--TAX SHELTER 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 tax shelters. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-122379-02 Drafting attorney: Brinton T. Warren (202) 622-4940 Reviewing attorney: Richard S. Goldstein (202) 622-7820 Treasury attorney: Julian Kim (202) 622-1981 CC:PA:APJP Agency Contact: Brinton T. Warren, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4940 RIN: 1545-BA70 [[Page 30835]] _______________________________________________________________________ 2614. CIRCULAR 230--PHASE 2 NON-SHELTER REVISIONS Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined 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 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-122380-02 Drafting attorney: Brinton T. Warren (202) 622-4940 Reviewing attorney: Richard S. Goldstein (202) 622-7820 Treasury attorney: Julian Kim (202) 622-1981 CC:PA:APJP Agency Contact: Brinton T. Warren, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4940 RIN: 1545-BA72 _______________________________________________________________________ 2615. STATUTORY OPTIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 421 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation provides rules for the creation, and or maintenance, of a statutory stock option plan. It includes rules on adopting a plan, plan requirements, permissible provisions of a plan, and disqualification of a statutory option. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/03 Comment Period End 09/00/03 Final Action 12/00/04 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-122917-02 Drafting attorney: Erinn M. Madden (202) 622-6030 Reviewing attorney: Robert Misner (202) 622-6030 Treasury attorney: Elizabeth Drigotas (202) 622-1332 CC:TEGE Agency Contact: Erinn M. Madden, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-6030 RIN: 1545-BA75 _______________________________________________________________________ 2616. DISCLOSURE OF RELATIVE VALUE OF DISTRIBUTION FORMS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805(b); 26 USC 417(a)(3)(A) CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will specify the disclosures that must be made to participants in qualified pension plans to describe the relative value of the available optional forms of benefit. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses, Organizations Government Levels Affected: None Additional Information: REG-124667-02 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 RIN: 1545-BA78 _______________________________________________________________________ 2617. PARTNERSHIP TRANSACTIONS INVOLVING LONG-TERM CONTRACTS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 460 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: Currently, regulations under section 460 divide the rules regarding a mid-contract change in taxpayers engaged in completing long-term contracts into two categories: constructive completion transactions and step-in-the-shoes transactions. The regulations provide that a transfer described in section 721(a) of a long-term contract to a partnership and a transfer of a partnership interest are step-in-the-shoes transactions. These regulations will explain the tax consequences of contributions of long-term contracts to, transfers of interests in, and distributions from, partnerships holding long-term contracts. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: No Government Levels Affected: Undetermined Additional Information: REG-128203-02 Drafting attorney: Richard T. Probst (202) 622-3060 Reviewing attorney: Matthew Lay (202) 622-3060 Treasury attorney: Deborah Harrington (202) 622-1788 CC:PSI Agency Contact: Richard T. Probst, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3060 RIN: 1545-BA81 _______________________________________________________________________ 2618. 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 [[Page 30836]] 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 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: None Additional Information: REG-131999-02 Drafting attorney: Michael Goldman (202) 622-3080 Reviewing attorney: James Quinn (202) 622-3070 CC:PSI Agency Contact: Michael Goldman, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3080 RIN: 1545-BA84 _______________________________________________________________________ 2619. CARRYOVER AND STACKING RULE AMENDMENT Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 42 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The low-income housing tax credit rules that concern carryover allocations under regulations section 1.42-6 and stacking rules under regulations section 1.42-14 are amended to reflect changes under the Community Renewal Tax Relief Act of 2000. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Undetermined Additional Information: REG-131997-02 Drafting attorney: Christopher J. Wilson (202) 622-3040 Reviewing attorney: Susan Reaman (202) 622-3040 Treasury attorney: Steve Watson (202) 622-1322 CC:PSI Agency Contact: Christopher J. Wilson, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3040 RIN: 1545-BA85 _______________________________________________________________________ 2620. 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 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-133791-01 Drafting attorney: Jolene J. Shiraishi (202) 622-3120 Reviewing attorney: Brenda M. Stewart (202) 622-3120 Treasury attorney: Sharon Kay (202) 622-0865 CC:PSI Agency Contact: Jolene J. Shiraishi, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20044 Phone: 202 622-3120 Related RIN: Related To 1545-AX05 RIN: 1545-BA88 _______________________________________________________________________ 2621. TRANSFER OF NOTES OR STOCK TO PROVIDE FOR SATISFACTION OF CONTESTED LIABILITIES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The proposed regulations would amend regulations section 1.461-2 that allows a taxpayer to deduct in the taxable year of transfer the amount of money on other property transferred to satisfy an asserted liability that the taxpayer contests. The amendment to regulations section 1.461-2(c)(1) would provide that transfers of a taxpayer's own note or stock of the note or stock of a related person are not transfers to provide for the satisfaction of an asserted liability, except where the transfer has been made to the person who is asserting the liability. The regulations would also amend regulations section 1.461-2 to provide that a transfer of money or other property to a trust, escrow account, or a court to provide for the satisfaction of a contested workers' compensation or tort liability does not satisfy economic performance, unless the transfer is made to a qualified settlement fund. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-136890-02 Drafting attorney: Norma C. Rotunno (202) 622-7900 Reviewing attorney: Thomas D. Moffitt (202) 622-7900 Treasury attorney: Sharon A. Kay (202) 622-0865 CC:ITA Agency Contact: Norma C. Rotunno, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7900 Related RIN: Related To 1545-BA91 RIN: 1545-BA90 [[Page 30837]] _______________________________________________________________________ 2622. TRANSFER OF NOTES OR STOCK TO PROVIDE FOR SATISFACTION OF CONTESTED LIABILITIES (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The temporary regulations would amend regulations section 1.461-2 that allows a taxpayer to deduct in the taxable year of transfer the amount of money or other property transferred to satisfy an asserted liability that the taxpayer contests. The amendment to regulations section 1.461-2(c)(1) would provide that transfers of a taxpayer's own note or stock or the note or stock of a related person are not transfers to provide for the satisfaction of an asserted liability, except where the transfer has been made to the person who is asserting the liability. The regulations also amend regulations section 1.461-2 to provide that a transfer of money or other property to a trust, an escrow account, or a court to provide for the satisfaction of a contested workers' compensation or tort liability does not satisfy economic performance, unless the transfer is made to a qualified settlement fund. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulations 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-136890-02 Drafting attorney: Norma C. Rotunno (202) 622-7900 Reviewing attorney: Thomas D. Moffitt (202) 622-7900 Treasury attorney: Sharon A. Kay (202) 622-0865 CC:ITA Agency Contact: Norma C. Rotunno, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7900 Related RIN: Related To 1545-BA90 RIN: 1545-BA91 _______________________________________________________________________ 2623. GENERATION-SKIPPING TRANSFER TAX RELIEF PROVISIONS Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 2642 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This proposed regulation issue regulations under section 2642(g) relating to relief provisions. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-136761-02 Drafting attorney: Lian A. Mito (202) 622-7830 Reviewing attorney: James F. Hogan (202) 622-7830 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-BA94 _______________________________________________________________________ 2624. GUIDANCE TO FACILITATE ELECTRONIC TAX ADMINISTRATION Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will facilitate electronic tax administration. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-137243-02 Drafting attorney: Brinton T. Warren (202) 622-4940 Reviewing attorney: Judith Wall (202) 622-4940 Treasury attorney: John Parcell (202) 622-2578 CC:PA:APJP Agency Contact: Brinton T. Warren, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4940 RIN: 1545-BA96 _______________________________________________________________________ 2625. EMPLOYMENT TAXES--FAILURE-TO-DEPOSIT PENALTY Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6656; 26 USC 6302 CFR Citation: 26 CFR 31 Legal Deadline: None Abstract: Reconsideration of Rev. Rul. 75-191 (situations 1 and 2) regarding the application of the section 6656 failure-to-deposit penalty where employment taxes should have been withheld but were not. Ruling provides employer will not be subject to the penalty if employer did not actually withhold the taxes. In contrast, Treas. Reg. section 1.1461-1(a)(2) provides that penalty will be due for taxes under chapter 3 of the Code if the withholding agent should have withheld the tax but in fact did not withhold as required. Regulation will conform treatment of employment taxes to chapter 3 taxes. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: No Government Levels Affected: None Additional Information: REG-136778-02 Drafting attorney: Charles A. Hall (202) 622-4940 Reviewing attorney: Judith Wall (202) 622-4940 Treasury attorney: Julian Kim (202) 622-1981 CC:PA:APJP Agency Contact: Charles A. Hall, Senior Counsel, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 [[Page 30838]] Phone: 202 622-4940 RIN: 1545-BA97 _______________________________________________________________________ 2626. 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 12/00/03 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: No Government Levels Affected: None Additional Information: REG-138176-02 Drafting attorney: Charles A. Hall (202) 622-4940 Reviewing attorney: Ashton Trice (202) 622-4940 Treasury attorney: Eric San Juan (202) 622-0224 CC:PA:APJP Agency Contact: Charles A. Hall, Senior Counsel, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4940 RIN: 1545-BA99 _______________________________________________________________________ 2627. HAND CARRY RETURNS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6091 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation revises obsolete references in the regulations under section 6091 of the Internal Revenue Code and provides guidance to taxpayers on the proper place to file a return by hand carrying the return to the Internal Revenue Service. Currently, the regulations provide that handcarried returns should be filed with the District Director. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: No Government Levels Affected: None Additional Information: REG-138173-02 Drafting attorney: Emly B. Berndt (202) 622-4940 Reviewing attorney: Ashton Trice (202) 622-4940 Treasury attorney: John Parcell (202) 622-2578 CC:PA:APJP Agency Contact: Emly B. Berndt, 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-BB45 RIN: 1545-BB00 _______________________________________________________________________ 2628. CHANGE IN USE; ACCELERATED COST RECOVERY SYSTEM Priority: Substantive, Nonsignificant Legal Authority: 26 USC 168 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This proposed regulation provides guidance under section 168 regarding depreciation of property for which the use changes. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: None Additional Information: REG-138499-02 Drafting attorney: Kathleen Reed (202) 622-3110 Reviewing attorney: Charles Ramsey (202) 622-3110 Treasury attorney: George Manousos (202) 622-1335 CC:PSI Agency Contact: Kathleen Reed, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3110 RIN: 1545-BB05 _______________________________________________________________________ 2629. DEPRECIATION OF VANS AND LIGHT TRUCKS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 280F(d)(5)(B) CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation amends regulations section 1.280F-6T(c)(3) to provide that a truck or van that is a qualified nonpersonal use vehicle, as defined in section 274(i) and regulations section 1.274- 5T(k), is not a ``passenger automobile'' for purposes of section 280F. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: No Government Levels Affected: None Additional Information: REG-138495-02 Drafting attorney: Bernard P. Harvey, III (202) 622-3110 Reviewing attorney: Charles B. Ramsey (202) 622-3110 Treasury attorney: John Parcell (202) 622-2578 CC:PSI Agency Contact: Bernard P. Harvey III, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3110 RIN: 1545-BB06 _______________________________________________________________________ 2630. DISCLOSURE OF REPORTABLE TRANSACTIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation provides guidance under section 6011 regarding disclosure of reportable transactions. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: No Government Levels Affected: None [[Page 30839]] Additional Information: REG-138618-02 Drafting attorney: Tara P. Volungis (202) 622-3080 Reviewing attorney: Christine Ellison (202) 622-3070 Treasury attorney: Julian Kim (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 RIN: 1545-BB07 _______________________________________________________________________ 2631. REGISTRATION OF REPORTABLE TRANSACTIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 6111 CFR Citation: 26 CFR 301 Legal Deadline: None Abstract: This regulation provides guidance under section 6111 regarding the registration of reportable transactions. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: No Government Levels Affected: None Additional Information: REG-138621-02 Drafting attorney: Tara P. Volungis (202) 622-3080 Reviewing attorney: Christine Ellison (202) 622-3070 Treasury attorney: Julian Kim (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 RIN: 1545-BB08 _______________________________________________________________________ 2632. LIST MAINTENANCE REQUIREMENT FOR REPORTABLE TRANSACTIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 6112 CFR Citation: 26 CFR 301 Legal Deadline: None Abstract: This regulation provides guidance under section 6112 regarding the maintenance and furnishing of lists of investors in reportable transactions. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-138624-02 Drafting attorney: Tara P. Volungis (202) 622-3080 Reviewing attorney: Christine Ellison (202) 622-3070 Treasury attorney: Julian Kim (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 RIN: 1545-BB09 _______________________________________________________________________ 2633. CAPITAL ACCOUNT BOOKUP Priority: Substantive, Nonsignificant Legal Authority: 26 USC 704; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This proposed regulation will expand the circumstances under which a revaluation of partnership capital accounts is permitted. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-139796-02 Drafting attorney: Craig A. Gerson (202) 622-3050 Reviewing attorney: David Haglund (202) 622-3050 Treasury attorney: Deborah Harrington (202) 622-1788 CC:PSI Agency Contact: Craig A. Gerson, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3050 RIN: 1545-BB10 _______________________________________________________________________ 2634. ALLOCATION OF FOREIGN TAX CREDITS AMONG PARTNERS Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 704(b); 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 credits must be allocated to partners under section 704(b). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-139792-02 Drafting attorney: Beverly M. Katz (202) 622-3050 Reviewing attorney: Daniel Carmody (202) 622-3050 Treasury attorney: Deborah Harrington (202) 622-1788 CC:PSI Agency Contact: Beverly Katz, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3050 RIN: 1545-BB11 [[Page 30840]] _______________________________________________________________________ 2635. 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 12/00/03 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 _______________________________________________________________________ 2636. STRUCTURED SETTLEMENT FACTORING TRANSACTIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 115 CFR Citation: 26 CFR 1; 26 CFR 602 Legal Deadline: None Abstract: These regulations relate to section 5891 of the Internal Revenue Code. Section 5891 imposes a 40 percent excise tax upon any person who acquires certain payment rights in a structured settlement factoring transaction. The regulations provide guidance necessary to comply with the reporting requirements of the excise tax. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/19/03 68 FR 7956 Final Action 12/00/03 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: No Government Levels Affected: None Additional Information: REG-139768-02 Drafting attorney: Shareen S. Pflanz (202) 622-4920 Reviewing attorney: Charles Strickland (202) 622-4960 Treasury attorney: John Parcell (202) 622-2578 CC:ITA Agency Contact: Shareen S. Pflanz, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4920 Related RIN: Related To 1545-BB24 RIN: 1545-BB14 _______________________________________________________________________ 2637. TESTIMONY AUTHORIZATIONS AND REQUESTS FOR IRS INFORMATION Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Unfunded Mandates: Undetermined Legal Authority: 26 USC 301 CFR Citation: 26 CFR 301 Legal Deadline: None Abstract: This propsed regulation will amend existing regulations on testimony authorizations and requests for IRS information. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-140930-02 Drafting attorney: J. Suzanne Sones 202) 622-4590 Reviewing attorney: David L. Fish (202) 622-4590 CC:PA:DPL Agency Contact: J. Suzanne Sones, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4590 RIN: 1545-BB15 _______________________________________________________________________ 2638. INVESTIGATIVE DISCLOSURES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6103(k)(6) CFR Citation: 26 CFR 301 Legal Deadline: None Abstract: This proposed 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 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Federal Additional Information: REG-140808-02 Drafting attorney: Helene R. Newsome (202) 622-4570 Reviewing attorney: Donald M. Squires (202) 622-4570 Treasury attorney: Eric San Juan (202) 622-0224 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 _______________________________________________________________________ 2639. INVESTIGATIVE DISCLOSURES (TEMPORARY) 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. [[Page 30841]] Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulation 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Federal Additional Information: REG-140808-02 Drafting attorney: Helene R. Newsome (202) 622-4570 Reviewing attorney: Donald M. Squires (202) 622-4570 Treasury attorney: Eric San Juan (202) 622-0224 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-BB16 RIN: 1545-BB17 _______________________________________________________________________ 2640. TOLL TELEPHONE SERVICE--DEFINITION Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 49 Legal Deadline: None Abstract: This proposed regulation provides amendments to regulations relating to the definition of toll telephone service. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Undetermined Additional Information: REG-141097-02 Drafting attorney: Cynthia A. McGreevy (202) 622-3130 Reviewing attorneys: Frank Boland (202) 622-3130 Phillip Howard (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 _______________________________________________________________________ 2641. DUPLICATE TAX BENEFITS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 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 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 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 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-131478-02 Drafting attorney: Aimee K. Meacham (202) 622-7530 Reviewing attorney: Sean Duffley (202) 622-7530 CC:CORP Agency Contact: Aimee K. Meacham, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7530 RIN: 1545-BB25 _______________________________________________________________________ 2642. 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 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Federalism: Undetermined Additional Information: REG-144615-02 Drafting attorneys: David Bowen (202) 622-3800 and Jeffrey Parry (202) 874-1490 Reviewing attorney: Elizabeth G. Beck (202) 874-1490 Treasury attorney: Rocco Femia (202) 622-1755 CC:INTL Agency Contact: Jeffrey Parry, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 950 L'Enfant Plaza South SW, Washington, DC 20024 Phone: 202 874-1490 RIN: 1545-BB26 _______________________________________________________________________ 2643. 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 Taxpayer Relief Act of 1997 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 for earnings and profits accumulated in 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 12/00/03 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: No [[Page 30842]] 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 _______________________________________________________________________ 2644. EXTENSION OF TIME FOR FILING RETURNS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6081 CFR Citation: 26 CFR 1; 26 CFR 25; 26 CFR 31; 26 CFR 53; 26 CFR 55; 26 CFR 156; ... Legal Deadline: None Abstract: This regulation will amend the section 6081 regulations to remove the signature requirement for Form 8809, Request for Extension of Time to File Information Returns. This will enable filers of information returns to request an extension of time to file using an online version of the Form 8809. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: No Government Levels Affected: None Additional Information: REG-107618-02 Drafting attorney: Charles A. Hall (202) 622-4940 Reviewing attorney: Judith Wall (202) 622-4940 Treasury attorney: John Parcell (202) 622-2578 CC:PA:APJP Agency Contact: Charles A. Hall, Senior Counsel, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4940 RIN: 1545-BB29 _______________________________________________________________________ 2645. 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 proposed regulations would provide additional guidance under section 482 regarding the treatment of services. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: REG-146893-02 Drafting attorney: Douglas L. Giblen (202) 874-1490 Reviewing attorney: John M. Breen (202) 874-1490 Treasury attorney: Rocco Femia (202) 622-1755 CC:INTL Agency Contact: Douglas L. Giblen, Senior Counsel, Department of the Treasury, Internal Revenue Service, 950 L'Enfant Plaza SW, Washington, DC 20024 Phone: 202 874-1490 RIN: 1545-BB31 _______________________________________________________________________ 2646. PREPARER PENALTIES--SIGNATURE REQUIREMENT AND COPIES OF RETURNS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6107; 26 USC 6061; 26 USC 6695; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations facilitate electronic filing by tax return preparers. The existing regulations, which contain references to manually signed returns, have resulted in uncertainty over whether preparers must produce manually signed, paper copies of returns for taxpayers and the preparer's records. The regulations clarify that preparers may avoid paper copies by retaining and furnishing to taxpayers copies of returns in electronic or digital format prescribed by the Commissioner. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-141659-02 Drafting attorney: Richard C. Grosenick (202) 622-7940 Reviewing attorney: Stuart Spielman (202) 622-7940 CC:PA:APJP Agency Contact: Richard C. Grosenick, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7940 Related RIN: Related To 1545-AW52, Related To 1545-AW83, Related To 1545-AT23, Related To 1545-AL49 RIN: 1545-BB34 _______________________________________________________________________ 2647. FRACTIONAL PARTS OF A DOLLAR Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7504 CFR Citation: 26 CFR 1; 26 CFR 301 Legal Deadline: None Abstract: These proposed regulations will authorize the Internal Revenue Service (IRS) to round figures when transcribing amounts from forms into the IRS's databases. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: REG-147965-02 Drafting attorney: Marcy W. Mendelsohn (202) 622-4940 Reviewing attorney: Charles A. Hall (20) 622-4940 Treasury attorney: Julian Kim (202) 622-1981 CC:PA:APJP Agency Contact: Marcy W. Mendelsohn, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 [[Page 30843]] Phone: 202 622-4940 Related RIN: Related To 1545-BB42 RIN: 1545-BB35 _______________________________________________________________________ 2648. [bull] 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 08/00/03 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 _______________________________________________________________________ 2649. [bull] 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: Regulation to 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 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-152524-02 Drafting attorney: Jeffrey B. Fienberg (202) 622-7930 Reviewing attorney: Alison G. Burns (202) 622-7700 Treasury attorney: Audrey Nacamuli (202) 622-5721 CC:CORP Agency Contact: Jeffrey B. Fienberg, 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-BB39 RIN: 1545-BB38 _______________________________________________________________________ 2650. [bull] INVESTMENT ADJUSTMENT RULES AND WAIVER OF LOSS CARRYOVERS FROM SRLY YEARS--AMENDED (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 1502 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: Regulation to 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 ________________________________________________________________________ Temporary Regulation 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-152524-02 Drafting attorney: Jeffrey B. Fienberg (202) 622-7930 Reviewing attorney: Alison G. Burns (202) 622-7700 Treasury attorney: Audrey Nacamuli (202) 622-5721 CC:CORP Agency Contact: Jeffrey B. Fienberg, 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-BB38 RIN: 1545-BB39 _______________________________________________________________________ 2651. [bull] 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 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-141669-02 Drafting attorney: Robert A. Desilets (202) 622-4910 Reviewing attorney: John J. McGreevy (202) 622-4910 Treasury attorney: Julian Kim (202) 622-1981 CC:PA:APJP Agency Contact: Robert A. Desilets Jr., Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4910 RIN: 1545-BB41 _______________________________________________________________________ 2652. [bull] HAND CARRYING RETURNS (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6091 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This temporary regulation provides guidance to taxpayers under section 6091 of the Code regarding the place of filing for hand- carried returns. The regulations reflect the changes in [[Page 30844]] organizational structure of the IRS that may affect where taxpayers may file hand-carried returns. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulations 06/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-138173-02 Drafting attorney: Emly B. Berndt (202) 622-4940 Reviewing attorney: Ashton P. Trice (202) 622-4940 Treasury attorney: John Parcell (202) 622-2578 CC:PA:APJP Agency Contact: Emly B. Berndt, 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-BB00 RIN: 1545-BB45 _______________________________________________________________________ 2653. [bull] ADMINISTRATIVE SIMPLIFICATION OF 481(A) ADJUSTMENT PERIODS IN VARIOUS REGULATIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The purpose of this project is to harmonize various regulatory provisions with current administrative guidance regarding recovery periods for section 481(a) adjustments. When the IRS changed the spread periods from four years (positive and negative) to four years (positive) and one year (negative), it discovered that there were some scattered regulatory provisions that contain different spread periods. Those regulatory provisions that are imposed as a matter of administrative discretion are under consideration to impose a standard spread period. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-142605-02 Drafting attorney: Christian T. Wood (202) 622-4930 Reviewing attorneys: Grant Anderson (202) 622-4930 and David Schneider (202) 622-4930 CC:ITA Agency Contact: Christian T. Wood, Attorney-advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4930 RIN: 1545-BB47 _______________________________________________________________________ 2654. [bull] 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 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-153841-02 Drafting attorney: Scott S. Landes (202) 622-3090 Reviewing attorney: George Maenik (202) 622-3090 Treasury attorney: Catherine Hughes (202) 622-9407 CC:PSI Agency Contact: Scott S. Landes, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3090 RIN: 1545-BB54 _______________________________________________________________________ 2655. [bull] 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 12/00/03 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: No Government Levels Affected: Federal Additional Information: REG-130751-01 Drafting attorney: Jeffrey L. Vinnik (202) 622-3840 Reviewing attorney: David Bowen (202) 622-3800 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-BB56 _______________________________________________________________________ 2656. [bull] 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 deprecations allowance. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-157164-02 [[Page 30845]] 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 RIN: 1545-BB57 _______________________________________________________________________ 2657. [bull] DEEMED IRAS IN QUALIFIED RETIREMENT PLANS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 408 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) added new section 408(q) to the Internal Revenue Code. The new section allows eligible employer plans to permit employees to make voluntary contributions to a separate account or annuity established under the plan. The regulation will provide rules under which the accounts or annuities will be treated as Roth or traditional IRA's as applicable. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-157302-02 Drafting attorney: Linda C. Phillips (202) 622-6090 Reviewing attorney: Janet Laufer (202) 622-6090 Treasury attorney: Tom Reeder (202) 622-1341 CC:TEGE Agency Contact: Linda C. Phillips, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-6090 RIN: 1545-BB58 _______________________________________________________________________ 2658. [bull] DEEMED IRAS IN QUALIFIED RETIREMENT PLANS (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 408(q) CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) added new section 408(q) to the Internal Revenue Code. The new section allows eligible employer plans to permit employees to make voluntary contributions to a separate account or annuity established under the plan. The regulation will provide rules under which the accounts or annuities will be treated as Roth or traditional IRA's as applicable. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulation 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-158210-02 Drafting attorney: Linda C. Phillips (202) 622-6090 Reviewing attorney: Janet Laufer (202) 622-6090 Treasury attorney: Tom Reeder (202) 622-1341 CC:TEGE Agency Contact: Linda C. Phillips, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-6090 RIN: 1545-BB59 _______________________________________________________________________ 2659. [bull] LOSS LIMITATION RULES--G U REPEAL Priority: Substantive, Nonsignificant Legal Authority: 26 USC 337; 26 USC 7805; 26 USC 1502 CFR Citation: 26 CFR 1; 26 CFR 602 Legal Deadline: None Abstract: The proposed 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 proposed regulations will 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 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Undetermined Federalism: Undetermined Additional Information: REG-157711-02 Drafting attorney: Lola L. Johnson (202) 622-7550 Reviewing attorney: Charles M. Whedbee (202) 622-7550 CC:CORP Agency Contact: Lola L. Johnson, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7550 RIN: 1545-BB61 _______________________________________________________________________ 2660. [bull] SAFE HARBOR LEASING SECOND INTEREST CAPITALIZATION Priority: Substantive, Nonsignificant Legal Authority: 26 USC 263A(f) CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation clarifies treatment under Internal Revenue Code section 263A(f) of interest expense incurred in connection with safe harbor leases under former section 168(f)(8). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-148399-02 Drafting attorney: Grant D. Anderson (202) 622-4970 Reviewing attorney: Donna Crisalli (202) 622-4800 CC:ITA Agency Contact: Grant D. Anderson, Attorney-Advisor, Department of the [[Page 30846]] Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4970 Fax: 202 622-6316 Related RIN: Related To 1545-BB63 RIN: 1545-BB62 _______________________________________________________________________ 2661. [bull] SAFE HARBOR LEASING SECOND INTEREST CAPITALIZATION (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 263A(f) CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This temporary regulation clarifies treatment under Internal Revenue Code 263A(f) of interest expense incurred in connection with safe harbor leases under former section Internal Revenue Code section 168(f)(8). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulations 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-148399-02 Drafting attorney: Grant D. Anderson (202) 622-4970 Reviewing attorney: Donna Crissali (202) 622-4800 CC:ITA Agency Contact: Grant D. Anderson, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4970 Fax: 202 622-6316 Related RIN: Related To 1545-BB62 RIN: 1545-BB63 _______________________________________________________________________ 2662. [bull] 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 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: Governmental Jurisdictions Government Levels Affected: State, Local, Tribal, Federal Additional Information: REG-155608-02 Drafting attorney: John A. Tolleris (202) 622-6060 Reviewing attorney: Cheryl Press (202) 622-6060 CC:TEGE Agency Contact: William Bortz, Attorney, Department of the Treasury, Internal Revenue Service, 111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-6060 RIN: 1545-BB64 _______________________________________________________________________ 2663. [bull] INSTALLMENT OBLIGATIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 704(c)(1) CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: Treatment of installment obligations received in exchange for section 704(c) property. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Undetermined Federalism: Undetermined Additional Information: REG-160330-02 Drafting attorney: Christopher L. Trump (202) 622-3080 Reviewing attorney: Jeanne Sullivan (202) 622-4117 Treasury attorney: Deborah Harrington (202) 622-1788 CC:PSI Agency Contact: Christopher L. Trump, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3080 RIN: 1545-BB65 _______________________________________________________________________ 2664. [bull] USE OF GOVERNMENT DEPOSITARIES IN CONNECTION WITH TAX UNDER THE FEDERAL UNEMPLOYMENT TAX ACT Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805; 26 USC 6302 CFR Citation: 26 CFR 31 Legal Deadline: None Abstract: Raising the amount of accumulated Federal Unemployment Tax Act taxes that a taxpayer may accumulate before being required to deposit. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: No Government Levels Affected: Undetermined Federalism: Undetermined Additional Information: REG-144908-02 Drafting attorney: Heather L. Dostaler (202) 622-8445 Reviewing attorney: Brinton T. Warren (202) 622-4940 Treasury attorney: John Parcell (202) 622-2578 CC:PA:APJP Agency Contact: Heather L. Dostaler, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 [[Page 30847]] Phone: 202 622-8445 Related RIN: Related To 1545-BB67 RIN: 1545-BB66 _______________________________________________________________________ 2665. [bull] USE OF GOVERNMENT DEPOSITARIES IN CONNECTION WITH TAX UNDER THE FEDERAL UNEMPLOYMENT TAX ACT (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 6302 CFR Citation: 26 CFR 31 Legal Deadline: None Abstract: Raising the amount of accumulated Federal Unemployment Tax Act taxes that a taxpayer may accumulate before required to deposit. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: No Government Levels Affected: Undetermined Additional Information: REG-144908-02 Drafting attorney: Heather L. Dostaler (202) 622-8445 Reviewing attorney: Brinton T. Warren (202) 622-4940 Treasury attorney: John Parcell (202) 622-2578 CC:PA:APJP Agency Contact: Heather L. Dostaler, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-8445 Related RIN: Related To 1545-BB66 RIN: 1545-BB67 _______________________________________________________________________ 2666. [bull] AVAILABILITY OF SECTION 338(H)(10) ELECTION IN MULTISTEP TRANSACTIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 338; 26 USC 368 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation concerns whether a section 338(h)(10) election should suspend application of the step transaction doctrine. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-143679-02 Drafting attorneys: Daniel F. Heins (202) 622-7930 and Mary E. Goode (202) 622-7930 Reviewing attorney: Reginald Mombrun (202) 622-7930 CC:CORP Agency Contact: Daniel F. Heins, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7930 Mary E. Goode, 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-BB78 RIN: 1545-BB68 _______________________________________________________________________ 2667. [bull] STATUTORY OPTIONS (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation concerning the transfer of stock pursuant to an incentive stock option and options granted under an employee stock option plan are effective for an option granted on or after January 1, 2004. Taxpayers may rely on these proposed regulations when they are published in the Federal Register. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulations 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-122917-02 Drafting attorney: Erinn M. Madden (202) 622-6030 Reviewing attorney: Robert Misner (202) 622-6030 Treasury attorney: Elizabeth Drigotas (202) 622-1332 CC:TEGE Agency Contact: Erinn M. Madden, 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-BA75 RIN: 1545-BB69 _______________________________________________________________________ 2668. [bull] LIQUIDATION OF AN INTEREST Priority: Substantive, Nonsignificant Legal Authority: 26 USC 2704(b) CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation relates to additional rules for determining when applicable restrictions are disregarded in valuing the liquidation of an interest under section 2704 of the Internal Revenue Code. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Undetermined Additional Information: REG-163113-02 Drafting attorney: John MacEachen (202) 622-7701 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: 202 622-7701 RIN: 1545-BB71 [[Page 30848]] _______________________________________________________________________ 2669. [bull] QUALIFIED INTERESTS Priority: Info./Admin./Other Legal Authority: 26 USC 2702 CFR Citation: 26 CFR 25 Legal Deadline: None Abstract: This regulation amends Examples 5 and 6 of regulation section 25.2702-3(e) to comply with the Tax Court's holding in Walton v. Commissioner, 115 TC. 589 (2000). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-163679-02 Drafting attorney: Scott S. Landes (202) 622-3090 Reviewing attorney: George Masnik (202) 622-3090 Treasury attorney: Catherine Hughes (202) 622-9407 CC:PSI Agency Contact: Scott S. Landes, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3090 RIN: 1545-BB72 _______________________________________________________________________ 2670. [bull] REAL ESTATE MORTGAGE INVESTMENT CONDUITS; APPLICATION OF SECTION 446 WITH RESPECT TO INDUCEMENT FEES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 446; 26 USC 860 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The proposed regulations provide guidance on the proper timing of income from the receipt of fees to induce the purchase of noneconomic residual interests in Real Estate Mortgage Investment Conduits (REMICs). The proposed regulations require that these REMIC inducement fees may no longer be taken into account currently upon receipt. Instead, the proposed regulations require that these inducement fees be taken into account over a period that is related to the period during which the applicable REMIC is expected to generate taxable income or net loss allocable to the holder of the noneconomic residual interest. The proposed regulations also provide several safe harbor methods of accounting for these inducement fees. The regulations will be issued at 26 CFR section 1.446-6, as applicable. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: REG-162625-02 Drafting attorney: John W. Rogers, III (202) 622-3950 Reviewing attorney: Santina M. Jannotta (202) 622-3930 CC:FIP Agency Contact: John W. Rogers, III, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3950 Related RIN: Related To 1545-BB74 RIN: 1545-BB73 _______________________________________________________________________ 2671. [bull] REAL ESTATE MORTGAGE INVESTMENT CONDUITS; APPLICATION OF SECTION 446 WITH RESPECT TO INDUCEMENT FEES (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 446; 26 USC 860 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The temporary regulations provide guidance on the proper timing of income from the receipt of fees to induce the purchase of noneconomic residual interests in Real Estate Mortgage Investment Conduits (REMICs). The temporary regulations require that these REMIC inducement fees may no longer be taken into account currently upon receipt. Instead, the temporary regulations require that these inducement fees be taken into account over a period that is related to the period during which the applicable REMIC is expected to generate taxable income or net loss allocable to the holder of the noneconomic residual interest. The temporary regulations also provide several safe harbor methods of accounting for these inducement fees. The regulations will be issued at 26 CFR section 1.446-6T, as applicable. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulations 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-162625-02 Drafting attorney: John W. Rogers, III (202) 622-3950 Reviewing attorney: Santina M. Jannotta (202) 622-3930 CC:FIP Agency Contact: John W. Rogers, III, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3950 Related RIN: Related To 1545-BB73 RIN: 1545-BB74 _______________________________________________________________________ 2672. [bull] 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 proposed 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 06/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-163909-02 Drafting attorney: Patrick S. Kirwan (202) 622-3130 [[Page 30849]] Reviewing attorneys: Frank K. Boland (202) 622-3130 and Phillip Howard (202) 622-3000 Treasury attorney: John Parcell (202) 622-2578 CC:PSI Agency Contact: Patrick S. Kirwan, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3130 Related RIN: Related To 1545-BB76 RIN: 1545-BB75 _______________________________________________________________________ 2673. [bull] GUIDANCE ON LIFE INSURANCE AND ANNUITY CONTRACTS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 817 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The proposed regulation modifies the existing section under 26 U.S.C. 817(h) relating to guidance on life insurance and annuity contracts. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-163974-02 Drafting attorney: James Polfer (202) 622-3970 Reviewing attorney: Donald Drees, Jr.(202) 622-3970 CC:FIP Agency Contact: James Polfer, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3970 RIN: 1545-BB77 _______________________________________________________________________ 2674. [bull] 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 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-165579-02 Drafting attorney: Rebecca Burch (202) 622-7550 Reviewing attorney: Wayne Murray (202) 622-7700 Treasury attorney: Audrey Nacamuli (202) 622-5721 CC:CORP Agency Contact: Rebecca 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 _______________________________________________________________________ 2675. [bull] CORPORATE REORGANIZATIONS; CONTINUITY--TRANSFERS OF ASSETS OR STOCK FOLLOWING A REORGANIZATION (TEMPORARY) Priority: Routine and Frequent Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation provides amendments to regulation 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 temporary regulations will clarify the reorganizations subject to these rules. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulations 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-165579-02 Drafting attorney: Rebecca Burch (202) 622-7550 Reviewing attorney: Wayne Murray (202) 622-7700 Treasury attorney: Audrey Nacamuli (202) 622-5721 CC:CORP Agency Contact: Rebecca 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-BB80 RIN: 1545-BB81 _______________________________________________________________________ 2676. [bull] NOTIONAL PRINCIPAL CONTRACTS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 446 CFR Citation: 26 CFR 1; 26 CFR 602 Legal Deadline: None Abstract: These proposed 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 12/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: REG-166012-02 Drafting attorney: Kathleen Sleeth (202) 622-3290 Reviewing attorney: Elizabeth Handler (202) 622-3290 Treasury attorney: Viva Hammer (202) 622-0869 [[Page 30850]] CC:FIP 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 _______________________________________________________________________ 2677. [bull] ASSUMPTION OF PARTNERSHIP LIABILITIES (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These temporary regulations enact section 358(b) for partnerships for the period between October 18, 1999, and the publication of the companion proposed regulations. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulations 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-106736-00 Drafting attorney: Horace W. Howells (202) 622-3050 Reviewing attorney: Dianna Miosi (202) 622-3050 Treasury attorney: Deborah Harrington (202) 622-1788 CC:PSI Agency Contact: Horace W. Howells, 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-AX93 RIN: 1545-BB83 _______________________________________________________________________ 2678. [bull] 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) provide that if the holder of the REMIC residual interest is a foreign person, amounts inducible in the gross income of the holder shall be taken into account for each day during the taxable year on which the foreign person held the interest. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: No Government Levels Affected: Undetermined Federalism: Undetermined Additional Information: REG-159929-02 Drafting attorney: Arturo Estrada (202) 622-3900 CC:FIP 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 _______________________________________________________________________ 2679. [bull] TRANSFEROR OR TRANSFEREE AS A PREDECESSOR OR SUCCESSOR 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) sets forth whether a transferor or transferee will be treated as a predecessor or successor for purposes of section 355(e). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 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: Charles Whedbee (202) 622-7550 Treasury attorney: Audrey Nacamuli (202) 622-5721 CC:CORP 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 _______________________________________________________________________ 2680. [bull] DEPENDENT CARE CREDIT Priority: Substantive, Nonsignificant 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. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 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 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 _______________________________________________________________________ 2681. [bull] GUIDANCE UNDER SECTION 368 REGARDING RESTRICTED STOCK Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Unfunded Mandates: Undetermined Legal Authority: 26 USC 368; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The notice of proposed rulemaking concerns how qualification of a corporate acquisition as a tax-free [[Page 30851]] reorganization under section 368 of the Internal Revenue Code is affected by employee-shareholders' receipt of restricted stock of the acquiring corporation. Restricted stock is typically stock that the employee cannot sell and may forfeit, unless the employee works for the acquiring corporation for a certain number of years. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: No Government Levels Affected: Undetermined Federalism: Undetermined Additional Information: REG-140313-02 Drafting attorney: Stephen R. Cleary (202) 622-7530 Reviewing attorney: Mark S. Jennings (202) 622-7750 Treasury attorney: Audrey Nacamuli (202) 622-5721 CC:CORP Agency Contact: Stephen R. Cleary, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7530 RIN: 1545-BB87 _______________________________________________________________________ 2682. [bull] DETERMINATION OF SINGLE-SUM DISTRIBUTIONS FROM CASH BALANCE PLANS Priority: Substantive, Nonsignificant 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 12/00/03 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: Elizabeth Drigotas (202) 622-1332 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 _______________________________________________________________________ 2683. [bull] ACCRUAL FOR CERTAIN REMIC REGULAR INTERESTS Priority: Substantive, Nonsignificant 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 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-108637-03 Drafting attorney: Rebecca E. Asta (202) 927-6716 CC:FIP Agency Contact: Rebecca E. Asta, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3940 RIN: 1545-BB94 _______________________________________________________________________ 2684. [bull] 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: The 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 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-150088-02 Drafting attorney: Jerome D. Sekula (202) 622-3610 Reviewing attorney: Alan Levine (202) 622-3610 CC:PA:CBS Agency Contact: Jerome D. Sekula, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3610 RIN: 1545-BB96 _______________________________________________________________________ 2685. [bull] 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: The 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 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-150091-02 Drafting attorney: Jerome D. Sekula (202) 622-3610 CC:PA:CBS Agency Contact: Jerome D. Sekula, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, [[Page 30852]] 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3610 RIN: 1545-BB97 _______________________________________________________________________ 2686. [bull] COMPUTATION OF TAX ATTRIBUTES Priority: Routine and Frequent Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The proposed regulations under section 108 (and section 1017) will clarify: 1) the computation of tax attributes subject to reduction due to cancellation of indebtedness income (COD income) under section 108(c)(j)(6), (B), (C); and 2) that even in a section 381 transaction, all of a taxpayer's tax attributes, including basis, are subject to reduction. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-113112-03 Drafting attorney: Theresa M. Kolish (202) 622-7930 Reviewing attorney: Steve Hankin (202) 622-7930 CC:CORP Agency Contact: Theresa M. Kolish, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7930 RIN: 1545-BB98 _______________________________________________________________________ 2687. [bull] DISTRIBUTIONS OF LOSS CORPORATION STOCK BY QUALIFIED PLANS (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 382(m) CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: Under current regulations, distributions of loss corporation stock from a qualified trust to its beneficiaries can cause an ownership change, triggering the limitation on losses of section 382 of the Internal Revenue Code. This regulation would reduce the negative impact of many such distributions by providing a ``tacking rule'' that would treat distributed stock as having been acquired by the beneficiary in the time and manner acquired by the trust. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulations 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-108676-03 Drafting attorney: Martin T. Huck (202) 622-7228 Reviewing attorney: Mark Jennings (202) 622-7228 CC:CORP Agency Contact: Martin T. Huck, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7228 RIN: 1545-BB99 _______________________________________________________________________ 2688. [bull] DISTRIBUTIONS OF LOSS CORPORATION STOCK BY QUALIFIED PLANS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 382(m) CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: Under current regulations, distributions of loss corporation stock from a qualified trust to its beneficiaries can cause an ownership change, triggering the limitation on losses of section 382 of the Internal Revenue Code. This regulation would reduce the negative impact of many such distributions by providing a ``talking rule'' that would treat distributed stock as having been acquired by the beneficiary in the time and manner acquired by the trust. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-108676-03 Drafting attorney: Martin T. Huck (202) 622-7228 Reviewing attorney: Mark Jennings (202) 622-7228 CC:CORP Agency Contact: Martin T. Huck, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7228 RIN: 1545-BC00 _______________________________________________________________________ 2689. [bull] TAX EXEMPT BOND PARTNERSHIP REPORTING REGULATION (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6031; 26 USC 7805; 26 USC 706 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will state the IRS authority to issue other guidance concerning the reporting requirements for Tax Exempt Bond Partnerships. The guidance will be issued separately by Revenue Procedure. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulation 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-115472-03 Drafting attorney: David A. Shulman (202) 622-3080 Reviewing attorney: Jeanne Sullivan (202) 622-3080 Treasury attorney: Deborah Harrington (202) 622-1788 CC:PSI Agency Contact: David A. Shulman, 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-BC04 RIN: 1545-BC01 [[Page 30853]] _______________________________________________________________________ 2690. [bull] NEW MARKETS TAX CREDIT AMENDMENTS (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 450; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The temporary regulations will amend regulations section 1.45D-1T involving the new markets tax credit under section 45D. The amendments will address certain issues involving qualified low-income community investments under section 45D(d)(1). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulations 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Undetermined Additional Information: REG-115471-03 Drafting attorney: Paul F. Handleman (202) 622-3040 Reviewing attorney: Susan Reaman (202) 622-3040 Treasury attorney: Steve Watson (202) 622-1322 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 Fax: 202 622-4753 RIN: 1545-BC02 _______________________________________________________________________ 2691. [bull] NEW MARKETS TAX CREDIT AMENDMENTS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 450; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will amend regulations section 1.45D-1T involving the new markets tax credit under section 45D. The amendments will address certain issues involving qualified low-income community investments under section 45D(d)(1). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-115471-03 Drafting attorney: Paul F. Handleman (2020 622-3040 Reviewing attorney: Susan Reaman (202) 622-3040 Treasury attorney: Steve Watson (202) 622-1322 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 Fax: 202 622-4753 RIN: 1545-BC03 _______________________________________________________________________ 2692. [bull] TAX EXEMPT BOND PARTNERSIP REPORTING REGULATION Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6031; 26 USC 7805; 26 USC 706 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will state the Services authority to issue other guidance concerning the reporting requirements for Tax Exempt Bond Partnerships. The guidance will be issued separately by Revenue Procedure. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Undetermined Additional Information: REG-115472-03 Drafting attorney: David A. Shulman (202) 622-3080 Reviewing attorney: Jeanne Sullivan (2020 622-3080 Treasury attorney: Deborah Harrington (202) 622-1788 CC:PSI Agency Contact: David A. Shulman, 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-BC01 RIN: 1545-BC04 _______________________________________________________________________ 2693. [bull] ALLOCATION OF BASIS TO DISTRIBUTEES FOLLOWING A REORGANIZATION Priority: Routine and Frequent Legal Authority: 26 USC 338; 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 will provide the basis allocation methods when a distributee exchanges a single class of acquired on different lots (different dates and basis) for a single class of stock in a reorganization qualifying under section 368. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-116564-03 Drafting attorney: Theresa M. Kolish (202) 622-7930 Reviewing attorney: Reginald Mombrun (202) 622-7930 CC:CORP Agency Contact: Theresa M. Kolish, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7930 RIN: 1545-BC05 _______________________________________________________________________ 2694. [bull] GENERAL ALLOCATION AND ACCOUNTING REGULATIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None [[Page 30854]] 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 12/00/03 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: No Government Levels Affected: State Federalism: Undetermined Additional Information: REG-140379-02 Drafting attorney: Johanna L. Som de Cerff (202) 622-3980 CC:TEGE Agency Contact: Johanna L. Som de Cerff, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3980 Fax: 202 622-4437 RIN: 1545-BC07 _______________________________________________________________________ Department of the Treasury (TREAS) Final Rule Stage Internal Revenue Service (IRS) _______________________________________________________________________ 2695. GOLDEN PARACHUTE PAYMENTS Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805; 26 USC 280G CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations will provide rules relating to restrictions on golden parachute payments. The regulations will provide guidance to taxpayers, who must comply with section 280G, by delineating the circumstances under which payments may be considered excess parachute payments. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/05/89 54 FR 19390 NPRM Comment Period End 07/05/89 Hearing 11/21/89 54 FR 39548 Second NPRM 02/20/02 67 FR 7630 Second NPRM Comment Period End 06/05/02 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-209114-90 (EE-30-90) Drafting attorney: Erinn M. Madden (202) 622-6060 Reviewing attorney: Robert Misner (202) 622-6060 CC:TEGE Agency Contact: Erinn M. Madden, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-6030 RIN: 1545-AH49 _______________________________________________________________________ 2696. 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 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-209042-86 (INTL-610-86) Drafting attorney: Michael H. Frankel (202) 622-3860 Reviewing attorney: Charlie Besecky (202) 622-3860 CC:INTL Agency Contact: Michael H. Frankel, Senior Technical Reviewer, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3860 RIN: 1545-AK74 _______________________________________________________________________ 2697. 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 [[Page 30855]] Hearing 03/01/89 54 FR 1189 Final Action 12/00/03 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, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3860 Fax: 202 622-4476 RIN: 1545-AK79 _______________________________________________________________________ 2698. 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: These regulations relate to branch rules and how to translate branch income, the taxation of exchange gain or loss on branch remittances. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 09/25/91 56 FR 48457 Final Action 06/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-208270-86 (INTL-965-86) Drafting attorney: Kenneth P. Christman (202) 622-3870 Reviewing attorney: Jeffrey Dorfman (202) 622-3870 Treasury attorney: Patrick Brown (202) 622-1754 CC:INTL Agency Contact: Kenneth P. Christman, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3870 RIN: 1545-AM12 _______________________________________________________________________ 2699. 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 12/00/03 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 Setzer, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3870 RIN: 1545-AO24 _______________________________________________________________________ 2700. REGISTRATION REQUIRED OBLIGATIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 165 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will finalize all outstanding proposed regulations under section 1.163-1(b)(2). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/21/93 58 FR 5316 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-208245-90 (INTL-115-90) Drafting attorney: Carl M. Cooper (202) 622-3840 Reviewing attorney: Valerie A. Mark Lippe (202) 622-3840 CC:INTL Agency Contact: Carl M. Cooper, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3840 RIN: 1545-AP33 _______________________________________________________________________ 2701. 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 12/00/03 [[Page 30856]] 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 _______________________________________________________________________ 2702. 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 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: State, Local 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 _______________________________________________________________________ 2703. 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 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-209619-93 (IA-17-93) Drafting attorney: A. Katharine Kiss (202) 622-4930 Reviewing attorney: Jeffery G. Mitchell (202) 622-4930 CC:ITA Agency Contact: A. Katharine Kiss, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4930 RIN: 1545-AR82 _______________________________________________________________________ 2704. 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 12/00/03 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) 622-3060 Reviewing attorney: Al Kraft (202) 622-3920 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: 202 622-3060 RIN: 1545-AS85 _______________________________________________________________________ 2705. 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 holds equity swaps to be straddles. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/02/95 60 FR 21482 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No [[Page 30857]] Small Entities Affected: No Government Levels Affected: None Additional Information: REG-209768-95 (FI-21-95) Drafting attorney: Mary Truchly (202) 622-3960 Reviewing attorney: Christina Morrison (202) 622-3960 CC:FIP Agency Contact: Mary Truchly, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3960 RIN: 1545-AT46 _______________________________________________________________________ 2706. 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 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-100841-97 Drafting attorney: Frederick W. Schindler (202) 622-3620 Reviewing attorney: Lawrence Schattner (202) 622-3620 CC:PA:CBS Agency Contact: Frederick W. Schindler, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3620 RIN: 1545-AU97 _______________________________________________________________________ 2707. DEFINITION OF ``PRIVATE ACTIVITY BONDS'' ALLOCATION AND ACCOUNTING REGULATIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 141; 26 USC 142; 26 USC 145; 26 USC 148; 26 USC 150 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations will provide general allocation and accounting rules for purposes of applying the private activity bond tests to tax-exempt bonds issued by State and local governments. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/30/94 59 FR 67658 NPRM Comment Period End 05/01/95 Final Action 06/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-101563-97 Drafting attorney: Bruce M. Serchuk (202) 622-3980 CC:TEGE Agency Contact: Bruce M. Serchuk, Senior Technician Reviewer, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3980 Fax: 202 622-4437 RIN: 1545-AU98 _______________________________________________________________________ 2708. RETURN OF LEVIED PROPERTY IN CERTAIN CASES Priority: Substantive, Nonsignificant 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 12/00/03 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: Rita Cavanagh (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 _______________________________________________________________________ 2709. ELECTRONIC TRANSMISSION OF WITHHOLDING CERTIFICATES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 6061; 26 USC 1441 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation provides guidance for the electronic transmission of withholding certificates. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 10/14/97 62 FR 53504 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-107872-97 Drafting attorney: Carl M. Cooper (202) 622-3840 Reviewing attorney: Valerie A. Mark Lippe (202) 622-3840 [[Page 30858]] CC:INTL Agency Contact: Carl M. Cooper, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3840 RIN: 1545-AV27 _______________________________________________________________________ 2710. INTEREST ON EDUCATION LOANS Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 221; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation provides guidance on the deduction of interest on education loans under section 221. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/21/99 64 FR 3257 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-116826-97 Drafting attorney: Kelly M. Davidson (202) 622-5020 Drating attorney: Donna Crisalli (202) 622-5020 CC:ITA Agency Contact: Kelly M. Davidson, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-5020 RIN: 1545-AW01 _______________________________________________________________________ 2711. 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 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-104924-98 Drafting attorney: Stephen J. Coleman (202) 622-3060 Reviewing attorney: Robert Williams (202) 622-3960 CC:FIP Agency Contact: Stephen J. Coleman, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3060 RIN: 1545-AW06 _______________________________________________________________________ 2712. INTERCOMPANY OBLIGATIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 1502; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulation provides clarification of the tax treatment of certain transfers of intercompany obligations by or to a member of a consolidated group. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/18/98 63 FR 70354 NPRM Comment Period End 03/22/99 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-105964-98 Drafting attorney: Frances Kelly (202) 622-7700 Reviewing attorney: Michael J. Wilder (202) 622-7750 Treasury attorney: Audrey Nacamuli (202) 622-5721 CC:CORP Agency Contact: Frances Kelly, 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-BA11 RIN: 1545-AW30 _______________________________________________________________________ 2713. GUIDANCE UNDER SUBPART F RELATING TO CERTAIN HYBRID TRANSACTIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 954 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations provide guidance on the treatment under subpart F of certain payments involving branches of a CFC that are treated as separate entities for foreign tax purposes or partnerships in which CFCs are partners. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/13/99 64 FR 37727 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-113909-98 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-AW63 _______________________________________________________________________ 2714. 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 [[Page 30859]] 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 12/00/03 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: Michael Novey (202) 622-1339 CC:PA:APJP 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 _______________________________________________________________________ 2715. QUALIFIED OFFERS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation relates to the qualified offer rule allowing the recovery of reasonable administrative or litigation costs. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/04/01 66 FR 749 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-121928-98 Drafting attorney: Tami C. Belouin (202) 622-7940 Reviewing attorneys: Henry Schneiderman (202) 622-7820 and Susan T. Mosley (202) 622-7940 Treasury attorney: Julian Kim (202) 622-1981 CC:PA:APJP Agency Contact: Tami C. Belouin, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7940 RIN: 1545-AW99 _______________________________________________________________________ 2716. 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 and the allocation of the research credit among members of the controlled group. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/04/00 65 FR 258 Public Hearing 04/26/00 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-105606-99 Drafting attorney: Jolene J. Shiraishi (202) 622-3120 Reviewing attorney: Joseph H. Makurath (202) 622-3120 Treasury attorney: Julian Kim (202) 622-1981 CC:PSI Agency Contact: Jolene J. Shiraishi, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20044 Phone: 202 622-3120 Related RIN: Related To 1545-BA88 RIN: 1545-AX05 _______________________________________________________________________ 2717. DELAY RENTAL PAYMENTS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 263 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulations clarify that section 1.612-3(c) applies to delay rental payments to the extent that section 263A does not require the payments to be capitalized. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 02/08/00 65 FR 6090 Public Hearing 05/26/00 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-103882-99 Drafting attorney: Brenda M. Stewart (202) 622-3120 Reviewing attorney: J.H. Makurath (202) 622-3120 Treasury attorney: John Parcell (202) 622-2578 CC:PSI Agency Contact: Brenda M. Stewart, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3120 RIN: 1545-AX06 _______________________________________________________________________ 2718. 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 06/00/03 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 [[Page 30860]] 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 _______________________________________________________________________ 2719. ALLOCATING BASIS ADJUSTMENTS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 755; 26 USC 1060 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulations will provide rules for determining the fair market value of partnership assets for the purpose of allocating basis adjustments under sections 732(d), 734(b), and 743(b) among partnership assets under section 755, using the residual method of section 1060 of the Internal Revenue Code. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/05/00 65 FR 17829 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-107872-99 Drafting attorney: Craig A. Gerson (202) 622-3050 Reviewing attorney: Matthew Lay (202) 622-3060 Treasury attorney: Deborah Harrington (202) 622-1788 CC:PSI Agency Contact: Craig A. Gerson, 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-BA32 RIN: 1545-AX18 _______________________________________________________________________ 2720. GUARANTEED INVESTMENT CONTRACTS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations will revise the special rules for guaranteed investment contracts. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/27/99 64 FR 46876 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: State, Local Additional Information: REG-105565-99 Drafting attorney: Rose M. Weber (202) 622-3980 Reviewing attorney: Rebecca L. Harrigal (202) 622-3980 Treasury attorney: Stephen J. Watson (202) 622-1322 CC:TEGE Agency Contact: Rose M. Weber, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3980 Fax: 202 622-4437 RIN: 1545-AX22 _______________________________________________________________________ 2721. SPECIAL RULES FOR RETROACTIVE PAYMENTS UNDER SECTION 417(A)(7)(A) FOR QUALIFIED RETIREMENT PLANS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 417; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulation provides guidance regarding the special rule in section 417(a)(7)(A), which permits qualified retirement plans to provide written explanation of QJSA after the annuity starting date. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/17/01 66 FR 3916 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Undetermined Additional Information: REG-109481-99 Drafting attorney: Robert M. Walsh (202) 622-6090 Reviewing attorney: Marjorie Hoffman (202) 622-6000 CC:TEGE Agency Contact: Robert M. Walsh, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-6090 RIN: 1545-AX34 _______________________________________________________________________ 2722. CHANGES IN ENTITY CLASSIFICATION: SPECIAL RULE FOR CERTAIN FOREIGN ELIGIBLE ENTITIES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 7701 CFR Citation: 26 CFR 301 Legal Deadline: None Abstract: This regulation provides rules relating to certain conversions of foreign eligible entities under the entity classification rules. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 11/29/99 64 FR 66591 Public Hearing 01/31/00 NPRM Comment Period End 02/28/00 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-110385-99 Drafting attorney: Aaron A. Farmer (202) 622-3860 Reviewing attorney: Charles P. Besecky (202) 622-3860 CC:INTL Agency Contact: Aaron A. Farmer, Senior Counsel, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 [[Page 30861]] Phone: 202 622-3860 RIN: 1545-AX39 _______________________________________________________________________ 2723. COMPENSATION DEFERRED UNDER ELIGIBLE SECTION 457(B) PLANS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 457 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulations relate to deferred compensation plans of State and local governments and tax-exempt entities under section 457 of the Internal Revenue Code. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/08/02 67 FR 30826 Public Hearing 08/29/02 67 FR 43574 Final Action 12/00/03 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: No Government Levels Affected: State, Local Federalism: Undetermined Additional Information: REG-105885-99 Drafting attorney: Cheryl E. Press (202) 622-6060 Reviewing attorney: Robert Patchell (202) 622-6060 Treasury attorney: William Bortz (202) 622-1352 CC:TEGE Agency Contact: Cheryl E. Press, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-6060 Fax: 202 622-4631 RIN: 1545-AX52 _______________________________________________________________________ 2724. 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 12/00/03 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 _______________________________________________________________________ 2725. 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 12/00/03 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 _______________________________________________________________________ 2726. HIPAA PORTABILITY Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 9833 CFR Citation: 26 CFR 54 Legal Deadline: None Abstract: These regulations provide guidance to group health plans regarding the limitations on imposing pre-existing condition exclusions and the special enrollment rules. These regulations also provide guidance regarding plans and benefits that are not subject to these rules. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/08/97 62 FR 16977 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-119828-99 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-AX84 [[Page 30862]] _______________________________________________________________________ 2727. DISCLOSURE OF RETURN AND RETURN INFORMATION TO DESIGNEE OF TAXPAYER Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6103 CFR Citation: 26 CFR 301 Legal Deadline: None Abstract: This regulation finalizes regulations implementing the amendment contained in the Taxpayer Bill of Rights II (TBOR II) to Internal Revenue Code section 6103(c). TBOR II eliminated the requirement for a request or consent for disclosure to be in writing. The final regulation, which will be substantially identical to a temporary regulation already in effect will permit the Internal Revenue Service to disclose returns and return information to a taxpayer's designee, pursuant to non-written request for or consent to disclosure. The regulation will also provide rules and guidance for consent in an electronic environment. Additionally, the regulation will provide guidance to Internal Revenue Service personnel to clarify a number of issues that have arisen since the regulation was initially promulgated in the late 1970s. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/11/01 66 FR 2373 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-103320-00 Drafting attorney: Joseph E. Conley (202) 622-4580 Reviewing attorney: David Fish (202) 622-4570 Treasury attorney: Eric San Juan (202) 622-0224 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-AX85 _______________________________________________________________________ 2728. APPLICATION OF SEPARATE FOREIGN TAX CREDIT LIMITATIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 904; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation clarifies the application of separate foreign tax credit limitations under sections 904(b) and 904(d) of the Code and revises the rules for computing post-1986 undistributed earnings and taxes of foreign corporations under section 902 of the Code. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/03/01 66 FR 319 Final Action 06/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-104683-00 Drafting attorney: Bethany Ingwalson (202) 622-3850 Reviewing attorney: Barbara A. Felker (202) 622-3850 Treasury attorney: Michael Caballero (202) 622-0851 CC:INTL Agency Contact: Bethany Ingwalson, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3850 RIN: 1545-AX88 _______________________________________________________________________ 2729. DEFINITION OF INCOME Priority: Substantive, Nonsignificant Legal Authority: 26 USC 643; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulations provide guidance under section 643 of the Internal Revenue Code, on whether State law definition of trust income is trust income for Federal tax purposes. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 02/15/01 66 FR 1039 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Undetermined Federalism: Undetermined Additional Information: REG-106513-00 Drafting attorney: Bradford R. Poston (202) 622-3060 Reviewing attorney: J. Thomas Hines (202) 622-3060 Treasury attorney: Catherine Hughes (202) 622-9407 CC:PSI Agency Contact: Bradford R. Poston, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3060 RIN: 1545-AX96 _______________________________________________________________________ 2730. INVESTMENT TYPE PROPERTY (PREPAYMENT) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation defines investment type property for purposes of determining whether bonds are arbitrage bonds under section 148 of the Internal Revenue Code. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/25/99 64 FR 46320 Second NPRM 04/17/02 67 FR 18835 Public Hearing 09/24/02 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: State, Local Additional Information: REG-105369-00 Drafting attorney: Johanna L. Som de Cerff (202) 622-3980 Reviewing attorney: Rebecca L. Harrigal (202) 622-3980 Treasury attorney: Stephen Watson (202) 622-1322 CC:TEGE The previous notice of proposed rulemaking (REG-113526-98; 64 FR [[Page 30863]] 46320), published on August 25, 1999, relating to arbitrage and related restrictions applicable to tax-exempt bonds issued by State and Local governments, is withdrawn by the second notice of proposed rulemaking (REG-105369-00; 67 FR 18835). Agency Contact: Johanna L. Som de Cerff, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3980 Fax: 202 622-4437 Related RIN: Related To 1545-AW44 RIN: 1545-AY12 _______________________________________________________________________ 2731. ELECTING MARK-TO-MARKET FOR MARKETABLE STOCK OF A PFIC Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 1296 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation describes the methods and procedures for electing mark-to-market treatment for marketable stock of a PFIC. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/31/02 67 FR 49634 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Federalism: Undetermined Additional Information: REG-112306-00 Drafting attorney: Alexandra K. Helou (202) 622-3840 Reviewing attorney: Phyllis Marcus (202) 622-3840 CC:INTL Agency Contact: Alexandra K. Helou, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3840 RIN: 1545-AY17 _______________________________________________________________________ 2732. AUTHORIZED PLACEMENT AGENCY Priority: Substantive, Nonsignificant Legal Authority: 26 USC 152 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulations amend 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 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-107279-00 Drafting attorney: Elizabeth K. Kaye (202) 622-4910 Reviewing attorney: Pamela W. Fuller (202) 622-4910 CC:PA:APJP Agency Contact: Elizabeth K. Kaye, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4910 Fax: 202 622-6232 RIN: 1545-AY18 _______________________________________________________________________ 2733. USE OF TAXPAYER IDENTIFYING NUMBERS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 6109; 26 USC 1445; 26 USC 897 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation requires the use of taxpayer identifying numbers on submissions made by foreign taxpayers to reduce or eliminate tax under sections 897 and 1445 of the Internal Revenue Code. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/26/02 67 FR 48823 Hearing 11/13/02 67 FR 48823 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Federalism: Undetermined Additional Information: REG-106876-00 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, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3860 Fax: 202 622-4476 RIN: 1545-AY24 _______________________________________________________________________ 2734. DUAL CONSOLIDATED LOSS RECAPTURE EVENTS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This proposed regulation will revise provisions in section 1503(d) of the Internal Revenue Code relating to dual consolidated losses. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/01/02 67 FR 49892 Hearing 12/03/02 67 FR 49892 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Federalism: Undetermined Additional Information: REG-106879-00 Drafting attorneys: Kathryn T. Holman (202) 622-3860 and Kenneth D. Allison (202) 622-3860 Reviewing attorney: Michael H. Frankel (202) 622-3860 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 Kenneth D. Allison, Attorney-Advisor, Department of the Treasury, Internal [[Page 30864]] Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3860 RIN: 1545-AY27 _______________________________________________________________________ 2735. HIPAA GENERAL NONDISCRIMINATION Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 9833 CFR Citation: 26 CFR 54 Legal Deadline: None Abstract: These regulations provide guidance regarding the requirements imposed on group health plans not to discriminate in rules for eligibility under the plan on the basis of any health factor, and not to require any individual to pay a higher premium or contribution for coverage under the plan than any similarly situated individual based on any health factor. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/08/01 66 FR 1435 Final Action 06/00/03 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 _______________________________________________________________________ 2736. 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 06/00/03 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 _______________________________________________________________________ 2737. 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 06/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-114084-00 Drafting attorney: Russell Weinheimer (202) 622-6080 Reviewing attorney: Alan Tawnshunsky (202) 622-6080 Treasury attorney: Kevin Knopf (202) 622-2329 CC:TEGE Agency Contact: Russell Weinheimer, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-6080 RIN: 1545-AY34 _______________________________________________________________________ 2738. INFORMATION REPORTING ON CANCELLATION OF INDEBTEDNESS Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805; 26 USC 6050 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation relates to information reporting on the cancellation of indebtedness. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/13/02 67 FR 40629 Public Hearing 10/08/02 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-107524-00 Drafting attorney: Joseph P. Dewald (202) 622-4910 Reviewing attorney: Donna Welch (202) 622-4910 Treasury attorney: Michael Novey (202) 622-1339 CC:PA:APJP 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-AY35 [[Page 30865]] _______________________________________________________________________ 2739. 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 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 12/00/03 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 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 withdraws the notice of proposed rulemaking that was published on January 2, 2001, and provides 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, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7530 RIN: 1545-AY42 _______________________________________________________________________ 2740. MODIFIED GUARANTEED CONTRACTS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 817A CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulations will provide guidance to issuers of modified guaranteed contracts. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/03/02 67 FR 38214 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-248110-96 Drafting attorney: Ann H. Logan (202) 622-3970 Reviewing attorney: Donald J. Drees (202) 622-3970 CC:FIP 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-AY48 _______________________________________________________________________ 2741. ELECTION--ASSET ACQUISITIONS OF INSURANCE COMPANIES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 148; 26 USC 7805; 26 USC 721; 26 USC 338 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 12/00/03 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: Filiz Serbes (202) 622-7790 Treasury attorney: Audrey Nacamuli (202) 622-0869 CC:CORP 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 _______________________________________________________________________ 2742. ELECTRONIC FURNISHING OF PAYEE STATEMENTS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6050; 26 USC 6051; 26 USC 6041; 26 USC 6724 CFR Citation: 26 CFR 1; 26 CFR 31 Legal Deadline: None Abstract: This regulation amends the regulations to allow for the electronic furnishing of Forms W-2, 1098-E, 1098-T, and other payee statements. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 02/14/01 66 FR 10247 NPRM Comment Period End 07/06/01 66 FR 32279 Public Hearing 07/25/01 66 FR 32279 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: State Additional Information: REG-107186-00 Drafting attorney: Michael E. Hara (202) 622-4910 Reviewing attorney: John McGreevy (202) 622-4910 Treasury attorney: John Parcell (202) 622-2578 [[Page 30866]] CC:PA:APJP Agency Contact: Michael E. Hara, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue, Washington, DC 20224 Phone: 202 622-4910 RIN: 1545-AY50 _______________________________________________________________________ 2743. 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 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Federal Additional Information: REG-209461-79 Drafting attorney: Christine Keller (202) 622-6080 Reviewing attorney: Janet A. Laufer (202) 622-6090 CC:TEGE Agency Contact: Christine Keller, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-6080 RIN: 1545-AY67 _______________________________________________________________________ 2744. QUALIFIED S ELECTION FOR TESTAMENTARY TRUSTS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 1361 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These final regulations relate to the qualified subchapter S election for testamentary trusts. A testamentary trust may qualify as a permitted shareholder of an S corporation for a two-year period beginning on the day the stock is transferred to the trust. These regulations would provide that the beneficiary of a qualifying testamentary trust that also qualifies as a qualified subchapters S trust (QSST) may make a QSST election at any time up to the end of the 16-day-and-2-month period beginning after the two-year qualifying period. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/24/01 66 FR 44565 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-106431-01 Drafting attorney: Deane M. Burke (202) 622-3070 Reviewing attorney: Mary Beth Collins (202) 622-3070 Treasury attorney: Deborah Harrington (202) 622-1788 CC:PSI Agency Contact: Deane M. Burke, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3070 RIN: 1545-AY76 _______________________________________________________________________ 2745. RESEARCH CREDIT III Priority: Substantive, Nonsignificant Legal Authority: 26 USC 41 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation relates to the computation of the research credit under section 41(c) and the definition of the qualified research under section 41(d) of the Internal Revenue Code. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/26/01 66 FR 66362 Hearing 03/27/02 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Undetermined Additional Information: REG-112991-01 Drafting attorney: Nicole R. Cimino (202) 622-3120 Reviewing attorney: Leslie Finlow (202) 622-3120 Treasury attorney: Julian Kim (202) 622-1981 CC:PSI Agency Contact: Nicole R. Cimino, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3120 RIN: 1545-AY82 _______________________________________________________________________ 2746. TREATMENT OF COMMUNITY INCOME FOR CERTAIN INDIVIDUALS NOT FILING JOINT RETURNS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 66 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations will provide guidance on the treatment of community income for certain married taxpayers who do not file joint tax returns. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/22/02 67 FR 2841 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-115054-01 Drafting attorney: Robin M. Tuczak (202) 622-4940 Reviewing attorney: Judith M. Wall (202) 622-4940 Treasury attorney: Eric San Juan (202) 622-0224 CC:PA:APJP Agency Contact: Robin M. Tuczak, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4940 RIN: 1545-AY83 _______________________________________________________________________ 2747. LOW-INCOME TAXPAYER CLINICS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 [[Page 30867]] CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will amend the regulations pertaining to the definition of income tax return preparer to exclude low-income taxpayer clinics and their volunteers when operating as authorized by 26 U.S.C. 7526. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/11/02 67 FR 39915 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-115285-01 Drafting attorney: Brinton T. Warren (202) 622-4940 Reviewing attorney: Judith M. Wall (202) 622-4940 Treasury attorney: Julian Kim (202) 622-1981 CC:PA:APJP Agency Contact: Brinton T. Warren, 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-BA95 RIN: 1545-AY84 _______________________________________________________________________ 2748. CHARITABLE LEAD INTEREST Priority: Substantive, Nonsignificant Legal Authority: 26 USC 2055; 26 USC 2522; 26 USC 170 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation conforms the regulations under sections 170, 2055, and 2522 to the decision in Estate of Boeshore v. Commissioner, 78 T.C. 523 (1982) acq. in result, 1987-2 C.B. 1. The opinion found that section 20.2055-2(c)(2)(vi)(e) was invalid to the extent that it held that an estate tax charitable deduction was precluded because a private unitrust interest was payable from the trust before the commencement of the charitable unitrust interest. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/23/02 67 FR 48070 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Undetermined Additional Information: REG-115781-01 Drafting attorney: Susan B. Hurwitz (202) 622-3090 Reviewing attorney: George Masnik (202) 622-3090 CC:PSI Agency Contact: Susan B. Hurwitz, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3090 RIN: 1545-AY86 _______________________________________________________________________ 2749. NEW MARKET TAX CREDIT Priority: Substantive, Nonsignificant Legal Authority: 26 USC 45D; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations relate to the new markets tax credit under section 45D, which was enacted by section 121(a) of the Community Renewal Tax Relief Act of 2000 (Pub. L. 106-554). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ ANPRM 05/01/01 66 FR 21844 NPRM 12/26/01 66 FR 66376 Public Hearing 03/14/02 Final Action 06/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Undetermined Additional Information: REG-119436-01 Drafting attorney: Paul F. Handleman (202) 622-3040 Reviewing attorney: Susan Reaman (202) 622-3040 Treasury attorney: Steve Watson (202) 622-1322 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 Fax: 202 622-4753 RIN: 1545-AY87 _______________________________________________________________________ 2750. NET GIFT TREATMENT Priority: Substantive, Nonsignificant Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 25 Legal Deadline: None Abstract: This regulation is intended to cover the effect of gift tax entitled to be recovered by the donor, pursuant to the right of recovery under section 2207A, on the amount of the gift under section 2519 (i.e., whether the transfer is a ``net gift''). The section was reserved when the regulations under section 2519 were finalized, because of uncertainty regarding whether section 2207A shifts the liability for the gift tax to the beneficiaries of the transfer. After considering the issue in conjunction with several TAMS and PLRS, we have adopted a position that section 2207A does not shift the liability for the gift tax imposed on a section 2519 transfer. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/22/02 67 FR 47755 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-123345-01 Drafting attorney: DeAnn K. Malone (202) 622-7830 Reviewing attorney: Melissa Liquerman (202) 622-7076 CC:PSI Agency Contact: DeAnn K. Malone, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7830 RIN: 1545-AY91 _______________________________________________________________________ 2751. DEFINITION OF AGENT AND SAFEGUARD CERTIFICATIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6103 CFR Citation: 26 CFR 301 [[Page 30868]] Legal Deadline: None Abstract: This regulation relates to the definition of agent for purposes of I.R.C. sections 6103(1) and (m). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 02/01/02 67 FR 4938 NPRM Comment Period End 05/02/02 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: State, Federal, Local Additional Information: REG-120135-01 Drafting attorney: Helene R. Newsome (202) 622-4570 Reviewing attorney: Donald M. Squires (202) 622-4570 Treasury attorney: Eric San Juan (202) 622-0224 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-AY94 _______________________________________________________________________ 2752. TAX SHELTER PENALTIES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6662; 26 USC 6664 CFR Citation: 26 CFR 301 Legal Deadline: None Abstract: The proposed regulations relate to sections 6662 and 6664 regarding tax shelter penalties. The project has arisen in connection with the revision to Circular 230. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/31/02 67 FR 79894 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-126016-01 Drafting attorneys: Jamie G. Bernstein (202) 622-4570 Reviewing attorney: Ashton P. Trice (202) 622-7820 Treasury attorney: Julian Kim (202) 622-1981 CC:PA:APJP Agency Contact: Jamie G. Bernstein, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 20224 Phone: 202 622-4570 Fax: 202 622-9888 Related RIN: Related To 1545-BB70 RIN: 1545-AY97 _______________________________________________________________________ 2753. EXPENDITURES IN CONNECTION WITH THE CREATION OF INTANGIBLE ASSETS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 263 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulations provide guidance on the treatment of costs incurred in connection with the creation of an intangible asset. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/19/02 67 FR 77701 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-125638-01 Drafting attorney: Andrew J. Keyso, Jr. (202) 622-5020 Reviewing attorney: Robert Casey (202) 622-4950 Treasury attorney: Jodi Cohen (202) 622-0160 CC:ITA Agency Contact: Andrew J. Keyso Jr., Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-5020 RIN: 1545-BA00 _______________________________________________________________________ 2754. 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 Temporary Regulations 01/24/03 68 FR 3384 Second NPRM 01/24/03 68 FR 3477 Final Action 12/00/03 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: Reginald Mombrum (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 (1) a cross- referencing proposed regulation to a temporary regulation published in the Federal Register on January 24, 2003, and (2) a NPRM. The temporary regulations also use the REG-126485-01 number. The document published with respect to the temporary regulations also serve as [[Page 30869]] 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 _______________________________________________________________________ 2755. 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 12/00/03 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:CORP 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 _______________________________________________________________________ 2756. REDUCTIONS OF ACCRUALS AND ALLOCATIONS BECAUSE OF INCREASED AGE Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 411; 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 12/00/03 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 _______________________________________________________________________ 2757. PROCUREMENT/PURCHASING CARD REPORTING Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6041; 26 USC 3406; 26 USC 6724 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations provide guidance on the rules relating to information reporting, backup withholding, and penalties for transactions with payments made with a procurement/purchasing card. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/31/03 68 FR 4970 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: Undetermined Additional Information: REG-116641-01 Drafting attorney: Donna J. Welch (202) 622-4910 Reviewing attorney: John McGreevy (202) 622-4910 Treasury attorney: John Parcell (202) 622-2578 CC:PA:APJP Agency Contact: Donna J. Welch, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4910 Fax: 202 927-9248 Related RIN: Related To 1545-BB88 RIN: 1545-BA17 _______________________________________________________________________ 2758. RECEIPT OF MULTIPLE NOTICES WITH RESPECT TO INCORRECT TAXPAYER IDENTIFICATION NUMBERS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 3406 CFR Citation: 26 CFR 31 Legal Deadline: None Abstract: The regulations will amend the rule for determining the number of notices a payer received from the Internal Revenue Service for purposes of determining whether a payer must impose backup withholding pursuant to section 31.3406(d). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/03/02 67 FR 44579 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-116644-01 Drafting attorney: Nancy L. Rose (202) 622-4910 Reviewing attorney: Pamela W. Fuller (202) 622-4910 [[Page 30870]] Treasury attorney: Jodi Cohen (202) 622-0160 CC:PA:APJP 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-BA18 _______________________________________________________________________ 2759. CATCH-UP CONTRIBUTIONS FOR INDIVIDUALS AGED 50 OR OVER Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulations will provide guidance for plans that permit individuals aged 50 or over to make catch-up contributions under the plan. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 10/23/01 66 FR 53555 Public Hearing 04/30/02 67 FR 7656 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-142499-01 Drafting attorney: John T. Ricotta (202) 622-6060 Reviewing attorney: Marjorie Hoffman (202) 622-6060 Treasury attorney: Elizabeth Drigotas (202) 622-1332 CC:TEGE Agency Contact: John T. Ricotta, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-6060 RIN: 1545-BA24 _______________________________________________________________________ 2760. SPLIT-DOLLAR LIFE INSURANCE Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 7872 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation provides guidance under sections 7872, 61, and 83 on the taxation of split-dollar life insurance arrangements pursuant to Notice 2001-10 and Notice 2002-8. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/09/02 67 FR 95414 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-164754-01 Drafting attorney: Rebecca E. Asta (202) 622-3940 Reviewing attorney: David Silber (202) 622-3524 Treasury attorney: Mike Novey (202) 622-1339 CC:FIP Agency Contact: Rebecca E. Asta, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3940 RIN: 1545-BA44 _______________________________________________________________________ 2761. AMENDMENT TO THE DEFINITION OF REFUNDING Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will amend the definition of a refunding issue applicable to tax-exempt bonds issued by States and local governments. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/10/02 67 FR 17310 Final Action 06/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: State, Local Additional Information: REG-165706-01 Drafting attorney: Michael P. Brewer (202) 622-3980 Reviewing attorney: Bruce Serchuk (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-BA46 _______________________________________________________________________ 2762. TREATMENT OF FUNDED WELFARE BENEFIT PLANS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation provides special rules concerning employer deductions for contributions to a welfare benefit fund that is part of a 10 or more employer plan. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/11/02 67 FR 45933 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-165868-01 Drafting attorney: Betty J. Clary (202) 622-6080 Reviewing attorney: Mark Schwimmer (202) 622-6080 Treasury attorney: Harlan Weller (202) 622-1001 CC:TEGE 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-BA47 _______________________________________________________________________ 2763. LOSS LIMITATION RULES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 337(d) CFR Citation: 26 CFR 1; 26 CFR 602 Legal Deadline: None Abstract: The regulation provides guidance on the treatment of certain losses recognized on sales of subsidiary [[Page 30871]] stock by members of a consolidated group under section 337(d) and section 1502 of the Internal Revenue Code. For related matters, see the proposed regulations published on March 12, 2002, at 67 FR 11070 regarding REG-102740-02. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/31/02 67 FR 38040 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-123305-02 Drafting attorney: Lola L. Johnson (202) 622-7550 Reviewing attorney: Sean P. Duffley (202) 622-7530 CC:CORP Agency Contact: Lola L. Johnson, 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-BA51, Related To 1545-BA74 RIN: 1545-BA52 _______________________________________________________________________ 2764. 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: These 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 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Undetermined Federalism: Undetermined Additional Information: REG-103580-02 Drafting attorney: Audrey W. Ellis (202) 622-3060 Reviewing attorneys: Matthew Lay (202) 622-3060 Treasury attorney: Deborah Harrington (202) 622-1788 CC:PSI Agency Contact: 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 _______________________________________________________________________ 2765. COMPENSATORY STOCK OPTIONS UNDER SECTION 482 Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805; 26 USC 482 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations will provide rules for treatment of stock options with regard to qualified cost sharing arrangements, non- integral services, and other section 482 purposes. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/29/02 67 FR 48997 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-106359-02 Drafting attorney: Douglas L. Giblen (202) 874-1490 Reviewing attorney: Elizabeth G. Beck (202) 874-1895 Treasury attorney: Rocco Femia (202) 622-1755 CC:INTL Agency Contact: Douglas L. Giblen, Senior Counsel, Department of the Treasury, Internal Revenue Service, 950 L'Enfant Plaza SW, Washington, DC 20024 Phone: 202 874-1490 RIN: 1545-BA57 _______________________________________________________________________ 2766. MODIFICATION OF CHECK THE BOX REGULATIONS (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1; 26 CFR 301 Legal Deadline: None Abstract: The Modification of Check the Box regulations will add a new section to the 301.7701-2 regulations to provide that in certain circumstances, namely in State law mergers and conversions, a surviving disregarded entity will be regarded for purposes of assessment and collection of prior year tax liabilities of predecessor entities. Thus, following a transaction in which a regarded entity is merged or converted into a disregarded entity, the Commissioner will be able to exercise collection and assessment authority against the disregarded entity for any liabilities stemming from tax periods of the regarded entity prior to the date of the transaction. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulation 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: Undetermined Federalism: Undetermined Additional Information: REG-106681-02 Drafting attorney: James M. Gergurich (202) 622-3070 Reviewing attorney: Jeanne Sullivan (202) 622-3070 Treasury attorney: Stephanie Robinson (202) 622-9858 CC:PSI Agency Contact: James M. Gergurich, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3070 RIN: 1545-BA58 _______________________________________________________________________ 2767. REQUIRED DISTRIBUTIONS FROM RETIREMENT PLANS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 401(a)(9) CFR Citation: 26 CFR 1 Legal Deadline: None [[Page 30872]] Abstract: This regulation relates to required minimum distributions from defined benefit plans and annuity contracts. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 04/17/02 67 FR 18834 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-108697-02 Drafting attorney: Cathy A. Vohs (202) 622-6090 Reviewing attorney: Marjorie Hoffman (202) 622-6000 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 Related RIN: Related To 1545-AY69, Related To 1545-AY70 RIN: 1545-BA60 _______________________________________________________________________ 2768. 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 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-122564-02 Drafting and reviewing attorney: Marie C. Milnes-Vasquez (202) 622-7750 Treasury attorney: Audrey Nacamuli (202) 622-5721 CC:CORP Agency Contact: Marie Milnes-Vasquez, 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-BA76 RIN: 1545-BA73 _______________________________________________________________________ 2769. CONTROLLED FOREIGN PARTNERSHIP REPORTING Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. Unfunded Mandates: Undetermined Legal Authority: 26 USC 7805; 26 USC 6038 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will provide guidance regarding controlled foreign partnership reporting. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/23/02 67 FR 78202 Final Action 12/00/03 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: Businesses Government Levels Affected: None Additional Information: REG-124069-02 Drafting attorney: Tasheaya Warren Ellison (202) 622-3860 Reviewing attorney: Michael H. Frankel (202) 622-3860 CC:INTL Agency Contact: Tasheaya Warren Ellison, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3860 RIN: 1545-BA77 _______________________________________________________________________ 2770. EARNINGS CALCULATION FOR RETURNED OR RECHARACTERIZED CONTRIBUTIONS 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 sets forth a rule for calculating net income attributable to IRA contributions being returned under Code section 408(d)(4) or recharacterized under Code section 408A(d)(6). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 07/23/02 67 FR 48067 Final Action 12/00/03 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: No Government Levels Affected: Undetermined Federalism: Undetermined Additional Information: REG-124256-02 Drafting attorney: Cathy A. Vohs (202) 622-6090 Reviewing attorney: Marjorie Hoffman (202) 622-6090 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-BA82 _______________________________________________________________________ 2771. 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 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None [[Page 30873]] 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 _______________________________________________________________________ 2772. 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 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-133254-02 Drafting attorney: Alexandra K. Helou (202) 622-3840 Reviewing attorney: Valerie Mark Lippe (202) 622-3840 Treasury attorney: Hilary Hoover (202) 622-1781 CC:INTL Agency Contact: Alexandra K. Helou, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3840 RIN: 1545-BA86 _______________________________________________________________________ 2773. DESIGNATED IRS OFFICER OR EMPLOYEE Priority: Routine and Frequent Legal Authority: 26 USC 7602 CFR Citation: 26 CFR 1 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 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-134026-02 Drafting attorney: Elizabeth D. Rawlins (202) 622-3630 Reviewing attorney: Robert A. Miller (202) 622-3630 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: 202 622-3630 Related RIN: Related To 1545-BA98 RIN: 1545-BA89 _______________________________________________________________________ 2774. REDUCED EXCLUSION OF GAIN FROM SALE OR EXCHANGE OF PRINCIPAL RESIDENCE Priority: Substantive, Nonsignificant Legal Authority: 26 USC 121; 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation provides guidance on when a taxpayer who has not owned and used the property for two years or who has claimed the exclusion within the last two years is eligible to claim a reduced exclusion under section 121(c). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/24/02 67 FR 78398 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-138882-02 Drafting attorney: Sara P. Shepherd (202) 622-4960 Reviewing attorney: J. Charles Strickland (202) 622-4960 Treasury attorney: Eric Sam Juan (202) 622-0224 CC:ITA Agency Contact: Sara P. Shepherd, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4960 Related RIN: Related To 1545-BB02 RIN: 1545-BB01 _______________________________________________________________________ 2775. SUBSTANTIATION OF INCIDENTAL EXPENSES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 274(d) CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations will amend the regulations under section 1.274-5 to grant the Commissioner authority to establish a method under which a taxpayer may elect to use a specified amount or amounts for incidental expenses paid or incurred while traveling away from home in lieu of substantiating the actual incidental expenses. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 11/08/02 67 FR 68539 Final Action 12/00/03 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: No Government Levels Affected: None Federalism: Undetermined Additional Information: REG-141832-02 Drafting attorney: Samerra Y. Hasan (202) 622-4930 Reviewing attorney: John Moriarty (202) 622-4800 CC:ITA Agency Contact: Sameera Y. Hasan, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, [[Page 30874]] 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4930 Related RIN: Related To 1545-BB19 RIN: 1545-BB20 _______________________________________________________________________ 2776. EXCLUSIONS FROM GROSS INCOME OF FOREIGN CORPORATIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 883; 26 USC 872 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation will provide rules with respect to whether a foreign country will be considered to grant a reciprocal Aircraft/ Shipping exemption to U.S. corporations for purposes of section 883 of the Code. This regulation will also provide rules with respect to whether a foreign corporation satisfies the ownership requirements of section 883(c) and the activity requirements of section 883(a). The regulation affects a large segment of the shipping and air transport industries. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 08/02/02 67 FR 50510 Hearing 11/12/02 67 FR 50510 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses Government Levels Affected: None Additional Information: REG-136311-01 Drafting attorneys: Patricia A. Bray (202) 622-3880 and David L. Lundy (202) 622-3880 Reviewing attorney: Elizabeth U. Karzon (202) 622-3880 Treasury attorney: Carl Dubert (202) 622-0222 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 David L. Lundy, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3880 Related RIN: Previously reported as 1545-BA07 RIN: 1545-BB30 _______________________________________________________________________ 2777. [bull] ADVANCE RENTALS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 61(a)(5) CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The regulation will allow the IRS Commissioner to change the rules for accounting for advance rental income. This change is needed to accomplish an item on Treasury's Guidance Priority List involving advance payments. Because the modification only provides for the Commissioner's authority and does not directly change a substantive rule, the regulation should have no lost or risk. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/18/02 67 FR 77450 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-151043-02 Drafting attorney: Edwin B. Cleverdon (202) 622-7900 Reviewing attorney: Kim Koch (202) 622-5020 CC:ITA Agency Contact: Edwin B. Cleverdon, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4920 RIN: 1545-BB44 _______________________________________________________________________ 2778. [bull] INFORMATION REPORTING RELATING TO TAXABLE STOCK TRANSACTIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6043; 26 USC 6045 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: These regulations under sections 6043(c) and 6045 require information reporting for corporate acquisitions of control and changes in capital structure. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 11/18/02 67 FR 69496 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-143321-02 Drafting attorney: Nancy L. Rose (202) 622-4910 Reviewing attorney: Pamela W. Fuller (202) 622-4910 CC:PA:APJP 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 Related RIN: Related To 1545-BB40 RIN: 1545-BB60 _______________________________________________________________________ 2779. [bull] COLLECTED EXCISE TAXES; DUTIES OF COLLECTOR (TEMPORARY) 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 temporary 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 ________________________________________________________________________ Temporary Regulations 06/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-163909-02 Drafting attorney: Patrick S. Kirwan (202) 622-3130 Reviewing attorneys: Frank Boland (202) 622-3130 and Phillip Howard (202) 622-3130 [[Page 30875]] Treasury attorney: John Parcell (202) 622-2578 CC:PSI Agency Contact: Patrick S. Kirwan, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3130 Related RIN: Related To 1545-BB75 RIN: 1545-BB76 _______________________________________________________________________ 2780. [bull] AVAILABILITY OF SECTION 338(H)(10) ELECTION IN MULTISTEP TRANSACTIONS (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 338; 26 USC 368 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: This regulation relates to whether a section 338(h)(10) election should suspend application of the step transaction doctrine. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 10/07/02 67 FR 62417 Final Action 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-143679-02 Drafting attorneys: Mary E. Goode (202) 622-7930 and Daniel Heins (202) 622-7930 Reviewing attorney: Reginald Mombrun (202) 622-7930 CC:CORP Agency Contact: Daniel F. Heins, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7930 Mary E. Goode, 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-BB68 RIN: 1545-BB78 _______________________________________________________________________ 2781. [bull] 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 12/00/03 Regulatory Flexibility Analysis Required: No Small Entities Affected: Businesses, Organizations 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 _______________________________________________________________________ Department of the Treasury (TREAS) Long-Term Actions Internal Revenue Service (IRS) _______________________________________________________________________ 2782. 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 _______________________________________________________________________ 2783. 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 Small Entities Affected: No Government Levels Affected: None Agency Contact: W. Edward Williams Phone: 202 622-3880 RIN: 1545-AC10 _______________________________________________________________________ 2784. 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 [[Page 30876]] Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Douglas L. Giblen Phone: 202 874-1490 RIN: 1545-AI16 _______________________________________________________________________ 2785. 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 Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Amanda A. Ehrlich Phone: 202 622-3880 RIN: 1545-AJ93 _______________________________________________________________________ 2786. 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 _______________________________________________________________________ 2787. CLARIFICATION OF TREATMENT OF SEPARATE LIMITATION LOSSES Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/04 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 _______________________________________________________________________ 2788. 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 _______________________________________________________________________ 2789. 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 Small Entities Affected: No Government Levels Affected: None Agency Contact: W. Edward Williams Phone: 202 622-3880 RIN: 1545-AM91 _______________________________________________________________________ 2790. RAILROAD UNEMPLOYMENT REPAYMENT TAX Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 31 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 05/13/93 58 FR 28374 NPRM Comment Period End 07/12/93 Next Action Undetermined Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: No Government Levels Affected: None Agency Contact: Kyle A. Finizio Phone: 202 622-6040 RIN: 1545-AN40 _______________________________________________________________________ 2791. 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 Small Entities Affected: No Government Levels Affected: None Agency Contact: Martin Scully Phone: 202 622-4960 RIN: 1545-AN73 _______________________________________________________________________ 2792. 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 _______________________________________________________________________ 2793. CHARITABLE CONTRIBUTIONS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 03/12/91 56 FR 10395 Hearing 08/01/91 56 FR 23823 Next Action Undetermined [[Page 30877]] Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Teresa B. Hughes Phone: 202 622-3850 RIN: 1545-AP30 _______________________________________________________________________ 2794. 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 CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/15/92 57 FR 59324 NPRM Comment Period End 01/20/93 Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Lisa K. Leong Phone: 202 622-7530 RIN: 1545-AP52 _______________________________________________________________________ 2795. 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 _______________________________________________________________________ 2796. 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 _______________________________________________________________________ 2797. FOREIGN TRUSTS REGULATIONS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/04 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Karen Rennie Quarrie Phone: 202 622-3880 RIN: 1545-AR25 _______________________________________________________________________ 2798. TREATMENT OF DUAL CONSOLIDATED LOSSES Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/04 Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: No Government Levels Affected: None Agency Contact: Kenneth D. Allison Phone: 202 622-3860 RIN: 1545-AR26 _______________________________________________________________________ 2799. 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 _______________________________________________________________________ 2800. 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: Kenneth P. Christman Phone: 202 622-3870 RIN: 1545-AT96 _______________________________________________________________________ 2801. TREATMENT OF OBLIGATION-SHIFTING TRANSACTIONS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/27/96 61 FR 68175 NPRM Comment Period End 04/08/97 Final Action 12/00/04 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Christina A. Morrison Phone: 202 622-3950 RIN: 1545-AU19 _______________________________________________________________________ 2802. APPLICATION OF GRANTOR TRUST RULES TO NONEXEMPT EMPLOYEES' TRUST Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 [[Page 30878]] 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 _______________________________________________________________________ 2803. RECOMPUTATION OF LIFE INSURANCE RESERVES Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/02/97 62 FR 71 Next Action Undetermined Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: No Government Levels Affected: None Agency Contact: Mark S. Smith Phone: 202 622-3970 RIN: 1545-AU49 _______________________________________________________________________ 2804. APPLICATION OF ATTRIBUTION RULES TO FOREIGN TRUSTS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/04 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Federalism: Undetermined Agency Contact: W. Edward Williams Phone: 202 622-3880 RIN: 1545-AU91 _______________________________________________________________________ 2805. 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: Alexa Temple Dubert Phone: 202 622-3071 RIN: 1545-AU94 _______________________________________________________________________ 2806. STOCKS AND SECURITIES SAFE HARBOR EXCEPTION Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 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 12/00/04 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Paul S. Epstein Phone: 202 622-3870 RIN: 1545-AW13 _______________________________________________________________________ 2807. 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: 202 874-1490 RIN: 1545-AW50 _______________________________________________________________________ 2808. HIGHWAY VEHICLE--DEFINITION Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 48 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 06/06/02 67 FR 38913 Public Hearing 02/27/03 Final Action 12/00/04 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Theodore N. Margopulos Phone: 202 622-3130 RIN: 1545-AX10 _______________________________________________________________________ 2809. INSPECTION OF WRITTEN DETERMINATIONS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 301 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/04 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Deborah Lambert-Dean Phone: 202 622-4570 Fax: 202 622-9888 RIN: 1545-AX40 _______________________________________________________________________ 2810. DEFINITION OF PRIVATE ACTIVITY BOND--REFUNDING REGULATIONS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/30/94 59 FR 67658 NPRM Comment Period End 05/01/95 Next Action Undetermined [[Page 30879]] Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Bruce M. Serchuk Phone: 202 622-3980 Fax: 202 622-4437 RIN: 1545-AX55 _______________________________________________________________________ 2811. DEFINITION OF PASSIVE FOREIGN INVESTMENT COMPANY UNDER SECTION 1297 Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/04 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Alexandra K. Helou Phone: 202 622-3840 RIN: 1545-AX78 _______________________________________________________________________ 2812. CAPITALIZATION OF INTEREST AND CARRYING CHARGES PROPERLY ALLOCABLE TO STRADDLES Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/18/01 66 FR 4746 Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Mary Truchly Phone: 202 622-3960 RIN: 1545-AX92 _______________________________________________________________________ 2813. ACTIVE CONDUCT OF AN INSURANCE BUSINESS UNDER PFIC RULES Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/04 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Undetermined Agency Contact: Mark R. Pollard Phone: 202 622-3850 RIN: 1545-AY20 _______________________________________________________________________ 2814. SPECIAL RULES RELATING TO TRANSFERS OF INTANGIBLES TO FOREIGN CORPORATIONS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/04 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Federalism: Undetermined Agency Contact: Thomas D. Beem Phone: 202 622-3860 RIN: 1545-AY41 _______________________________________________________________________ 2815. SPECIAL RULES FOR S CORPORATIONS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 301; 26 CFR 601 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/04 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 _______________________________________________________________________ 2816. TRANSITIONAL RELIEF FOR QUALIFIED INTERMEDIARIES Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. CFR Citation: 26 CFR 1 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/04 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: Undetermined Federalism: Undetermined Agency Contact: Marc Korab Phone: 202 622-3840 RIN: 1545-AY92 _______________________________________________________________________ 2817. APPLICATION OF THE FEDERAL INSURANCE CONTRIBUTIONS ACT, FEDERAL UNEMPLOYMENT TAX ACT, AND COLLECTION OF INCOME TAX AT SOURCE TO STATUTORY STOCK OPTIONS Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is undetermined. CFR Citation: 26 CFR 31 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 11/13/01 66 FR 57023 Public Hearing 05/14/02 67 FR 5076 Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Stephen B. Tackney Phone: 202 622-6040 RIN: 1545-BA26 _______________________________________________________________________ 2818. FOREIGN CORPORATIONS--TREATMENT OF DISTRIBUTIONS OR LIQUIDATIONS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Aaron A. Farmer Phone: 202 622-3860 RIN: 1545-BA79 _______________________________________________________________________ 2819. REDEMPTIONS TREATED AS DIVIDENDS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 [[Page 30880]] Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 10/18/02 67 FR 64331 Final Action 12/00/04 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Lisa K. Leong Phone: 202 622-7530 RIN: 1545-BA80 _______________________________________________________________________ 2820. ALLOCATION AND APPORTIONMENT OF INTEREST EXPENSE Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Melissa D. Arndt Phone: 202 622-3850 Related RIN: Related To 1545-BA02 RIN: 1545-BA92 _______________________________________________________________________ 2821. EARNINGS AND PROFITS ATTRIBUTION PRINCIPLES Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Timetable: Next Action Undetermined Regulatory Flexibility Analysis Required: Undetermined Small Entities Affected: No Government Levels Affected: Undetermined Federalism: Undetermined Agency Contact: Mark R. Pollard Phone: 202 622-3850 RIN: 1545-BA93 _______________________________________________________________________ 2822. AUTHORIZATION FOR IRS TO CHARGE FEES FOR COPYING EXEMPT ORGANIZATION RETURNS Priority: Info./Admin./Other CFR Citation: 26 CFR 301 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 12/00/04 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Sarah Tate Phone: 202 622-4590 Related RIN: Related To 1545-BB22 RIN: 1545-BB21 _______________________________________________________________________ 2823. AUTHORIZATION FOR IRS TO CHARGE FEES FOR COPYING EXEMPT ORGANIZATION RETURNS (TEMPORARY) Priority: Info./Admin./Other CFR Citation: 26 CFR 301 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Temporary Regulation 12/00/04 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Agency Contact: Sarah Tate Phone: 202 622-4590 Related RIN: Related To 1545-BB21 RIN: 1545-BB22 _______________________________________________________________________ 2824. 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 Small Entities Affected: No Government Levels Affected: State, Local Federalism: Undetermined Agency Contact: Rose M. Weber Phone: 202 622-3980 Fax: 202 622-4437 RIN: 1545-BB23 _______________________________________________________________________ 2825. 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: Undetermined Small Entities Affected: Businesses Government Levels Affected: None Agency Contact: Margaret A. Hogan Phone: 202 622-3850 RIN: 1545-BB27 _______________________________________________________________________ 2826. [bull] 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: Next Action Undetermined 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: Tom A. Luxner (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 [[Page 30881]] the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4970 RIN: 1545-BB43 _______________________________________________________________________ 2827. [bull] PARTNERSHIP EQUITY FOR SERVICES Priority: Substantive, Nonsignificant 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 06/00/04 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-105346-03 Drafting attorney: Audrey W. Ellis (202) 622-3060 Reviewing attorney: Matthew Lay (202) 622-3060 Treasury attorney: Deborah Harrington (202) 622-1788 CC:PSI Agency Contact: 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 _______________________________________________________________________ 2828. [bull] TRANSFERS OF NONSTATUTORY STOCK OPTIONS TO RELATED PERSONS Priority: Substantive, Nonsignificant Legal Authority: 42 USC 83 CFR Citation: 42 CFR 1 Legal Deadline: None Abstract: The regulations will provide rules for determining when the transfer of a nonstatutory stock option will be considered an arm's length transaction for purposes of section 1.83-7(a). Timetable: Next Action Undetermined Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-116914-03 Drafting attorney: Stephen B. Tackney (202) 622-6040 Treasury attorney: Elizabeth Drigotas (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: 202 622-6040 RIN: 1545-BC06 _______________________________________________________________________ Department of the Treasury (TREAS) Completed Actions Internal Revenue Service (IRS) _______________________________________________________________________ 2829. LIMITATIONS ON PASSIVE ACTIVITY LOSSES AND CREDITS--SELF-CHARGED ITEMS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9013 08/21/02 67 FR 54087 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Danielle M. Grimm Phone: 202 622-3080 RIN: 1545-AN64 _______________________________________________________________________ 2830. ELECTION TO TREAT TRUST AS ESTATE Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9032 12/24/02 67 FR 78371 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Faith Colson Phone: 202 622-3060 RIN: 1545-AW24 _______________________________________________________________________ 2831. CORPORATE TAX SHELTER REGISTRATION Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 301 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9046 03/04/03 68 FR 10161 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Danielle M. Grimm Phone: 202 622-3080 Tara P. Volungis Phone: 202 622-3080 Related RIN: Related To 1545-AX81, Related To 1545-AX79, Related To 1545-BA62, Related To 1545-BB50, Related To 1545-BB53 RIN: 1545-AW26 _______________________________________________________________________ 2832. EDUCATION CREDITS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9034 12/26/02 67 FR 78687 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Donna J. Welch Phone: 202 622-4910 Fax: 202 927-9248 RIN: 1545-AW65 [[Page 30882]] _______________________________________________________________________ 2833. CERTAIN ASSET TRANSFERS TO REGULATED INVESTMENT COMPANIES (RICS) AND REAL ESTATE INVESTMENT TRUSTS (REITS) Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9047 03/18/03 68 FR 12817 Regulatory Flexibility Analysis Required: No Government Levels Affected: Federal Agency Contact: Jennifer D. Sledge Phone: 202 622-7750 RIN: 1545-AW92 _______________________________________________________________________ 2834. NOTICE OF CONTACT OF THIRD PARTIES Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 301 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9028 12/18/02 67 FR 77419 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Charles B. Christopher Phone: 202 622-3630 RIN: 1545-AX04 _______________________________________________________________________ 2835. EXCLUSION OF GAIN ON THE SALE OR EXCHANGE OF PRINCIPAL RESIDENCE Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9030 12/24/02 67 FR 78358 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Sara P. Shepherd Phone: 202 622-4960 RIN: 1545-AX28 _______________________________________________________________________ 2836. LOANS TO PARTICIPANTS OR BENEFICIARIES FROM QUALIFIED EMPLOYEE PLANS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9021 12/03/02 67 FR 71821 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Vernon Carter Phone: 202 622-6060 RIN: 1545-AX68 _______________________________________________________________________ 2837. REQUIREMENT TO MAINTAIN LIST OF INVESTORS IN POTENTIALLY ABUSIVE TAX SHELTERS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 301; 26 CFR 602 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Fourth NPRM 10/22/02 67 FR 64799 Final Action Completed by TD 9046 03/04/03 68 FR 10161 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Tara P. Volungis Phone: 202 622-3080 Charlotte Chyr Phone: 202 622-3070 Related RIN: Related To 1545-AW26, Related To 1545-AX81, Related To 1545-BA62, Related To 1545-BB53, Related To 1545-BB52 RIN: 1545-AX79 _______________________________________________________________________ 2838. TAX SHELTER DISCLOSURE STATEMENTS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1; 26 CFR 602 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Fourth NPRM 10/22/02 67 FR 64840 Final Action Completed by TD 9046 03/04/03 68 FR 10161 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Tara P. Volungis Phone: 202 622-3080 Charlotte Chyr Phone: 202 622-3070 Related RIN: Related To 1545-AX79, Related To 1545-AW26, Related To 1545-BA62, Related To 1545-BB48, Related To 1545-BB53 RIN: 1545-AX81 _______________________________________________________________________ 2839. STATUTE OF LIMITATIONS ON COLLECTION INSTALLMENT AGREEMENTS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 301 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9027 12/18/02 67 FR 77416 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Frederick W. Schindler Phone: 202 622-3620 RIN: 1545-AX89 _______________________________________________________________________ 2840. DEFINITION OF DIESEL FUEL Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 48 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9051 04/02/03 68 FR 15940 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Susan Athy Phone: 202 622-3130 RIN: 1545-AX97 _______________________________________________________________________ 2841. CONSTRUCTIVE TRANSFERS AND TRANSFERS OF PROPERTY TO THIRD PARTIES ON BEHALF OF A SPOUSE Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 [[Page 30883]] Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9035 01/13/03 68 FR 1534 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Edward C. Schwartz Phone: 202 622-4960 RIN: 1545-AX99 _______________________________________________________________________ 2842. GUIDANCE NECESSARY TO FACILITATE ELECTRONIC TAX ADMINISTRATION Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1; 26 CFR 301 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9040 01/31/03 68 FR 4918 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Joseph P. Dewald Phone: 202 622-4910 Related RIN: Related To 1545-AY56 RIN: 1545-AY04 _______________________________________________________________________ 2843. DAMAGES FOR INTENTIONAL OR RECKLESS DISREGARD OF THE INTERNAL REVENUE CODE Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 301 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9050 03/25/03 68 FR 14316 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Robert A. Miller Phone: 202 622-3640 RIN: 1545-AY08 _______________________________________________________________________ 2844. DISALLOWANCE OF DEDUCTIONS AND CREDITS FOR FAILURE TO FILE TIMELY RETURN Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9043 03/10/03 68 FR 11313 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Nina E. Chowhdry Phone: 202 622-3880 RIN: 1545-AY26 _______________________________________________________________________ 2845. DISCLOSURE OF RETURN INFORMATION TO OFFICERS AND EMPLOYEES OF THE DEPARTMENT OF COMMERCE FOR CERTAIN STATISTICAL PURPOSES AND RELATED ACTIVITIES Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 301 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9037 01/21/03 68 FR 2691 Regulatory Flexibility Analysis Required: No Government Levels Affected: Federal Agency Contact: Christine S. Irwin Phone: 202 622-4570 RIN: 1545-AY52 _______________________________________________________________________ 2846. OBLIGATION OF STATES AND POLITICAL SUBDIVISIONS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9016 09/23/02 67 FR 59756 Regulatory Flexibility Analysis Required: No Government Levels Affected: State, Local Agency Contact: Rose M. Weber Phone: 202 622-3980 Fax: 202 622-4437 RIN: 1545-AY71 _______________________________________________________________________ 2847. DISCLOSURE OF RETURNS AND RETURN INFORMATION BY OTHER AGENCIES Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 301 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9036 01/21/03 68 FR 2695 Regulatory Flexibility Analysis Required: No Government Levels Affected: Federal Agency Contact: Julie C. Schwartz Phone: 202 622-4570 RIN: 1545-AY77 _______________________________________________________________________ 2848. EXCISE TAX IMPOSED ON FOREIGN INSURERS OR REINSURERS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9024 11/27/02 67 FR 70845 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: David L. Lundy Phone: 202 622-3880 RIN: 1545-AY93 _______________________________________________________________________ 2849. CONSOLIDATED RETURN INTERCOMPANY TRANSACTION RULES Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 446 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9025 12/16/02 67 FR 76985 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Vincent Daly Phone: 202 622-7770 RIN: 1545-BA05 [[Page 30884]] _______________________________________________________________________ 2850. NOTICE OF SIGNIFICANT REDUCTION IN THE RATE OF FUTURE BENEFIT ACCRUAL Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1; 26 CFR 54; 26 CFR 602 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9052 04/09/03 68 FR 17217 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Pamela R. Kinard Phone: 202 622-6060 RIN: 1545-BA08 _______________________________________________________________________ 2851. UNIT LIVESTOCK PRICING METHOD Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9019 10/28/02 67 FR 65697 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: A. Katharine Kiss Phone: 202 622-4930 RIN: 1545-BA25 _______________________________________________________________________ 2852. GUIDANCE REGARDING FOREIGN PERSONAL HOLDING COMPANY INCOME Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9039 01/31/03 68 FR 4916 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Kenneth P. Christman Phone: 202 622-3870 RIN: 1545-BA33 _______________________________________________________________________ 2853. TRANSFERS OF C CORPORATION PROPERTY TO RICS OR REITS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9047 03/18/03 68 FR 12817 Regulatory Flexibility Analysis Required: No Government Levels Affected: Federal Agency Contact: Jennifer D. Sledge Phone: 202 622-7750 RIN: 1545-BA36 _______________________________________________________________________ 2854. WITHHOLDING AT TREATY RATE EXCEPTION FOR TAXPAYER IDENTIFYING NUMBER Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9023 11/22/02 67 FR 70310 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Jonathan A. Sambur Phone: 202 622-3840 RIN: 1545-BA38 _______________________________________________________________________ 2855. INFORMATION REPORTING FOR QUALIFIED TUITION AND RELATED EXPENSES; MAGNETIC MEDIA FILING REQUIREMENTS FOR INFORMATION RETURNS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1; 26 CFR 301 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9029 12/19/02 67 FR 77678 Regulatory Flexibility Analysis Required: Yes Government Levels Affected: None Agency Contact: Donna J. Welch Phone: 202 622-4910 Fax: 202 927-9248 RIN: 1545-BA43 _______________________________________________________________________ 2856. DETERMINATION OF BASIS OF PARTNER'S INTEREST; SPECIAL RULES Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9049 03/18/03 68 FR 12815 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Barbara Campbell Phone: 202 622-3050 RIN: 1545-BA50 _______________________________________________________________________ 2857. LOW-INCOME TAXPAYER CLINICS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9026 12/18/02 67 FR 77418 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Brinton T. Warren Phone: 202 622-4940 Related RIN: Related To 1545-AY84 RIN: 1545-BA95 _______________________________________________________________________ 2858. DESIGNATED IRS OFFICER OR EMPLOYEE (TEMPORARY) Priority: Routine and Frequent CFR Citation: 26 CFR 301 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9015 09/10/02 67 FR 57330 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Elizabeth D. Rawlins Phone: 202 622-3630 Related RIN: Related To 1545-BA89 RIN: 1545-BA98 [[Page 30885]] _______________________________________________________________________ 2859. REDUCED EXCLUSION OF GAIN FROM SALE OR EXCHANGE OF PRINCIPAL RESIDENCE (TEMPORARY) Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9031 12/24/02 67 FR 78367 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Sara P. Shepherd Phone: 202 622-4960 Related RIN: Related To 1545-BB01 RIN: 1545-BB02 _______________________________________________________________________ 2860. PENALTIES FOR UNAUTHORIZED INSPECTION OF RETURNS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 301 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9044 03/12/03 68 FR 11739 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Carol A. Marchant Phone: 202 622-4590 RIN: 1545-BB13 _______________________________________________________________________ 2861. SUBSTANTIATION OF INCIDENTAL EXPENSES (TEMPORARY) Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9020 11/12/02 67 FR 68512 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Sameera Y. Hasan Phone: 202 622-4930 Related RIN: Related To 1545-BB20 RIN: 1545-BB19 _______________________________________________________________________ 2862. STRUCTURED SETTLEMENT FACTORING TRANSACTIONS (TEMPORARY) Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1; 26 CFR 602 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9042 02/19/03 68 FR 7922 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Shareen S. Pflanz Phone: 202 622-4920 Related RIN: Related To 1545-BB14 RIN: 1545-BB24 _______________________________________________________________________ 2863. TAX SHELTER DISCLOSURE STATEMENTS (TEMPORARY) Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9017 10/22/02 67 FR 64799 Public Hearing 12/11/02 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Tara P. Volungis Phone: 202 622-3080 Related RIN: Related To 1545-AX81, Related To 1545-BA62 RIN: 1545-BB32 _______________________________________________________________________ 2864. REQUIREMENT TO MAINTAIN LIST OF INVESTORS IN POTENTIALLY ABUSIVE TAX SHELTERS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 301 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9018 10/22/02 67 FR 64807 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Charlotte Chyr Phone: 202 622-3070 Related RIN: Related To 1545-AX79, Related To 1545-BA62 RIN: 1545-BB33 _______________________________________________________________________ 2865. ISSUES RELATING TO CERTAIN FOREIGN CORPORATIONS AND PARTNERSHIPS Priority: Substantive, Nonsignificant CFR Citation: 26 CFR 1 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9033 12/23/02 67 FR 78174 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Tasheaya Warren Ellison Phone: 202 622-3860 RIN: 1545-BB36 _______________________________________________________________________ 2866. [bull] INFORMATION REPORTING FOR TAXABLE STOCK TRANSACTIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6043(c) CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: Information reporting by corporations is currently authorized by section 6043(c) of the Internal Revenue Code with respect to changes in control and changes in capital structure. Temporary regulations will set forth requirements for such reporting by corporations, requiring both a return describing the transaction and Forms 1099 reporting amounts received by shareholders. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9022 11/18/02 67 FR 69468 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Additional Information: REG-143321-02 Drafting attorney: Nancy L. Rose (202) 622-4910 Reviewing attorney: Pamela W. Fuller (202) 622-4910 [[Page 30886]] CC:PA:APJP 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 Related RIN: Related To 1545-BB60 RIN: 1545-BB40 _______________________________________________________________________ 2867. [bull] STATUTORY MERGERS AND CONSOLIDATIONS Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The final regulations are the effective rules with respect to statutory mergers and consolidations under Internal Revenue Code section 368(a)(1)(A) for transactions up until January 24, 2003 (the date for which temporary regulations were published defining the term statutory merger or consolidation). Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9038 01/24/03 68 FR 3384 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-162729-02 Drafting attorney: Richard M. Heinecke (202) 622-7930 Reviewing attorney: Reginald Mombrun (202) 622-7930 Treasury attorney: Audrey Nacamuli (202) 622-5721 CC:CORP RIN 1545-BB46 and its corresponding number REG-162729-02 are with respect to final regulations published simultaneously with temporary regulations. Since final and temporary regulations cannot simultaneously apply, RIN 1545-BB46 was utilized to reflect that the final regulation would close when the temporary regulation was issued. The temporary regulations and the proposed regulations both used the REG-126485-01 number and RIN 1545-BA06. When the temporary regulations were published on January 24, 2003, the final regulation (REG-162729- 02; RIN 1545-BB46) was 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-BA06 RIN: 1545-BB46 _______________________________________________________________________ 2868. [bull] DISCLOSURE STATEMENTS FOR EMPLOYMENT TAX Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6011 CFR Citation: 26 CFR 31 Legal Deadline: None Abstract: This regulation will tell taxpayers that listed transactions must be disclosed in accordance with published guidance. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 10/22/02 67 FR 64840 Final Action Completed by TD 9046 03/04/03 68 FR 10161 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-154115-02 Drafting attorneys: Tara P. Volungis (202) 622-3080 and Charlotte Chyr (202) 622-3070 Reviewing attorney: Christine Ellison (202) 622-3080 Treasury attorney: Julian Kim (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 Charlotte Chyr, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3070 Related RIN: Related To 1545-AW26, Related To 1545-AX79, Related To 1545-AX81, Related To 1545-BB49, Related To 1545-BB50 RIN: 1545-BB48 _______________________________________________________________________ 2869. [bull] DISCLOSURE STATEMENTS FOR ESTATE TAX Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6011 CFR Citation: 26 CFR 20 Legal Deadline: None Abstract: This regulation will tell taxpayers that listed transactions must be disclosed in accordance with published guidance. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 10/22/02 67 FR 64840 Final Action Completed by TD 9046 03/04/03 68 FR 10161 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-154117-02 Drafting attorneys: Tara P. Volungis (202) 622-3080 and Charlotte Chyr (202) 622-3070 Reviewing attorney: Christine Ellison (202) 622-3080 Treasury attorney: Julian Kim (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 Charlotte Chyr, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3070 Related RIN: Related To 1545-BB48, Related To 1545-BB50, Related To 1545-AX81, Related To 1545-AW26, Related To 1545-AX79 RIN: 1545-BB49 _______________________________________________________________________ 2870. [bull] DISCLOSURE STATEMENTS FOR GIFT TAX Priority: Substantive, Nonsignificant Legal Authority: 26 USC 6011 CFR Citation: 26 CFR 25 Legal Deadline: None Abstract: This regulation will tell taxpayers that listed transactions must [[Page 30887]] be disclosed in accordance with published guidance. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 10/22/02 67 FR 64840 Final Action Completed by TD 9046 03/04/03 68 FR 10161 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-154116-02 Drafting attorneys: Tara P. Volungis (202) 622-3080 and Charlotte Chyr (202) 622-3070 Reviewing attorney: Christine Ellison (202) 622-3080 Treasury attorney: Julian Kim (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 Charlotte Chyr, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3070 Related RIN: Related To 1545-AW26, Related To 1545-AX79, Related To 1545-AX81, Related To 1545-BB49, Related To 1545-BB51 RIN: 1545-BB50 _______________________________________________________________________ 2871. [bull] DISCLOSURE STATEMENTS FOR PENSION EXCISE TAXES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 54 Legal Deadline: None Abstract: This regulation will require that listed transactions be disclosed in accordance with published guidance. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 10/22/02 67 FR 64840 Final Action Completed by TD 9046 03/04/03 68 FR 10161 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-154423-02 Drafting attorneys: Tara P. Volungis (202) 622-3080 and Charlotte Chyr (202) 622-3070 Reviewing attorney: Christine Ellison (202) 622-3070 Treasury attorney: Julian Kim (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 Charlotte Chyr, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3070 Related RIN: Related To 1545-AX79, Related To 1545-AX81, Related To 1545-AW26, Related To 1545-BB50, Related To 1545-BB53 RIN: 1545-BB51 _______________________________________________________________________ 2872. [bull] DISCLOSURE STATEMENTS FOR PUBLIC CHARITY EXCISE TAXES Priority: Substantive, Nonsignificant Legal Authority: 26 UCS 7805 CFR Citation: 26 CFR 56 Legal Deadline: None Abstract: This regulation will require that listed transactions be disclosed in accordance with published guidance. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 10/22/02 67 FR 64840 Final Action Completed by TD 9046 03/04/03 68 FR 10161 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-154426-02 Drafting attorneys: Tara P. Volungis (202) 622-3080 and Charlotte Chyr (202) 622-3070 Reviewing attorney: Christine Ellison (202) 622-3070 Treasury attorney: Julian Kim (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 Charlotte Chyr, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3070 Related RIN: Related To 1545-AX79, Related To 1545-AX81, Related To 1545-AW26, Related To 1545-BB51, Related To 1545-BB53 RIN: 1545-BB52 _______________________________________________________________________ 2873. [bull] DISCLOSURE STATEMENTS FOR FOUNDATION EXCISE TAXES Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805 CFR Citation: 26 CFR 53 Legal Deadline: None Abstract: This regulation will require that listed transactions be disclosed in accordance with published guidance. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 10/22/02 67 FR 64840 Final Action Completed by TD 9046 03/04/03 68 FR 10161 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-154429-02 Drafting attorneys: Tara P. Volungis (202) 622-3080 and Charlotte Chyr (202) 622-3070 Reviewing attorney: Christine Ellison (202) 622-3070 Treasury attorney: Julian Kim (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 Charlotte Chyr, Attorney-Advisor, Department of the Treasury, Internal [[Page 30888]] Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-3070 Related RIN: Related To 1545-AW26, Related To 1545-AX81, Related To 1545-BB49, Related To 1545-BB48, Related To 1545-BB51 RIN: 1545-BB53 _______________________________________________________________________ 2874. [bull] TAXPAYER IDENTIFICATION NUMBER (TIN) MATCHING PROGRAM (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 3406 CFR Citation: 26 CFR 31 Legal Deadline: None Abstract: This temporary regulation relates to the taxpayer identification number (TIN) matching program under section 3406. In order to specifically allow a payor's authorized agent to participate in TIN matching, these regulations provide that the term ``payor'' includes an agent designated by the payor to participate in TIN Matching. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9041 01/31/03 68 FR 4922 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-116641-01 Drafting attorney: Donna J. Welch (202) 622-4910 Reviewing attorney: John McGreevy (202) 622-4910 Treasury attorney: John Parcell (202) 622-2578 CC:PA:APJP Agency Contact: Donna J. Welch, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-4910 Fax: 202 927-9248 Related RIN: Related To 1545-BA17 RIN: 1545-BB88 _______________________________________________________________________ 2875. [bull] GUIDANCE UNDER SECTION 1502: SUSPENSION OF LOSSES ON CERTAIN STOCK DISPOSITIONS (TEMPORARY) Priority: Substantive, Nonsignificant Legal Authority: 26 USC 7805; 26 USC 1502 CFR Citation: 26 CFR 1 Legal Deadline: None Abstract: The temporary regulations under section 1502 redetermine the basis of stock of a subsidiary member of a consolidated group immediately prior to certain transfers of such stock and certain deconsolidation of a subsidiary member. The temporary regulations also suspend certain losses recognized on the disposition of such stock. The regulations apply to corporations filing consolidated returns. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Final Action Completed by TD 9048 03/14/03 68 FR 12287 Regulatory Flexibility Analysis Required: No Small Entities Affected: No Government Levels Affected: None Additional Information: REG-131478-02 Drafting attorney: Aimee K. Meacham (202) 622-7530 CC:CORP Agency Contact: Aimee K. Meacham, Attorney-Advisor, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW, Washington, DC 20224 Phone: 202 622-7530 RIN: 1545-BB95 BILLING CODE 4830-01-S _______________________________________________________________________ Department of the Treasury (TREAS) Prerule Stage Office of Thrift Supervision (OTS) _______________________________________________________________________ 2876. CAPITAL RULES Priority: Substantive, Nonsignificant Legal Authority: 12 USC 1462; 12 USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1467a; 12 USC 1835; 12 USC 1848; 12 USC 4808 CFR Citation: 12 CFR 567 Legal Deadline: None Abstract: OTS has underway a number of regulatory amendments to its capital standards for savings associations. These amendments implement section 303 of the Riegle Community Development and Regulatory Improvement Act of 1994 (CDRIA). CDRIA requires the Federal banking agencies to make their capital rules and other rules more uniform. The agencies plan to issue either an advance notice of proposed rulemaking (ANPRM) or a notice of proposed rulemaking (NPRM) that would introduce the domestic implementation of the New Basel Capital Accord (Basel II). This would include an introduction to an advanced internal ratings-based (IRB) approach to credit risk, and may include modifications to the current U.S. domestic capital framework. Timetable: ________________________________________________________________________ Implementation of a Revised Basel Capital Accord (formerly Modified Domestic Capital Framework) ANPRM 07/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Michael D. Solomon, Senior Program Manager for Capital Policy, Supervision Policy, Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552 Phone: 202 906-5654 Teresa Scott, Counsel (Banking and Finance), Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552 Phone: 202 906-6478 Fax: 202 905-6518 Email: teresa.scott@ots.treas.gov David Riley, Project Manager for Capital Policy, Supervision Policy, Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552 Phone: 202 906-6669 RIN: 1550-AB11 [[Page 30889]] _______________________________________________________________________ Department of the Treasury (TREAS) Final Rule Stage Office of Thrift Supervision (OTS) _______________________________________________________________________ 2877. [bull] REMOVAL, SUSPENSION, AND DEBARMENT OF ACCOUNTANTS FROM PERFORMING AUDIT SERVICES Priority: Substantive, Nonsignificant Legal Authority: 12 USC 1462a; 12 USC 1463; 12 USC 1464; 12 USC 1467a; 12 USC 1813; 12 USC 1831m; 15 USC 78 CFR Citation: 12 CFR 513 Legal Deadline: None Abstract: The OCC, Board, FDIC, and OTS (the Agencies) propose to revise their respective rules of practice pursuant to section 36 of the Federal Deposit Insurance Act (FDIA) (12 USC 1831m). Section 36, as implemented by 12 CFR part 363, requires that each insured depository institution with total assets of $500 million or more produce an annual report containing the institution's financial statements and certain management assessments. The depository institution must provide the report to the FDIC, the appropriate Federal banking agency, and any appropriate State bank supervisor. Section 36 also requires that the depository institution obtain an audit of its financial statements and an attestation on management's assertions concerning internal controls over financial reporting by an independent public accountant (accountant) and include the accountant's audit and attestation reports in its annual report. Congress gave the Agencies authority to remove, suspend, or debar accountants from performing the audit services required by section 36 if there is good cause to do so. This proposal would amend the Agencies' rules to establish rules of practice and procedure for the removal, suspension, and debarment of accountants and their firms from performing section 36 audit services for insured depository institutions. The proposal reflects the Agencies' increasing concern with the quality of audits and internal controls for financial reporting at insured depository institutions. Although there have been few bank and thrift failures in recent years, the circumstances of the failures that have occurred illustrate the importance of maintaining high quality in the audits of the financial position and attestations of management assessments of insured depository institutions. The proposed regulations enhance the Agencies' ability to address misconduct by accountants who perform annual audit and attestation services. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 01/08/03 68 FR 1116 Correction 01/31/03 68 FR 4967 Correction 01/31/03 68 FR 5075 Final Rule 07/00/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Christine Smith, Project Manager (Supervision Policy), Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552 Phone: 202 906-5740 Teresa Scott, Counsel (Banking and Finance), Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552 Phone: 202 906-6478 Fax: 202 905-6518 Email: teresa.scott@ots.treas.gov RIN: 1550-AB53 _______________________________________________________________________ Department of the Treasury (TREAS) Long-Term Actions Office of Thrift Supervision (OTS) _______________________________________________________________________ 2878. DIRECTORS AND OFFICERS Priority: Substantive, Nonsignificant CFR Citation: 12 CFR 545; 12 CFR 563 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM To Be Determined Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Robyn Dennis Phone: 202 906-5751 David A. Permut Phone: 202 906-7505 Karen Osterloh Phone: 202 906-6639 RIN: 1550-AB19 _______________________________________________________________________ 2879. FAIR CREDIT REPORTING Priority: Substantive, Nonsignificant CFR Citation: 12 CFR 571 Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ NPRM 10/20/00 65 FR 63120 NPRM Comment Period End 12/04/00 NPRM Update 03/27/01 66 FR 16624 Second NPRM To Be Determined Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Cindy Baltierra Phone: 202 906-6540 Paul Robin Phone: 202 906-6648 RIN: 1550-AB33 _______________________________________________________________________ 2880. 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 Joint NPRM To Be Determined Regulatory Flexibility Analysis Required: Undetermined Government Levels Affected: None Agency Contact: Richard Bennett Phone: 202 906-7409 Theresa A. Stark Phone: 202 906-7054 Celeste Anderson Phone: 202 906-7990 RIN: 1550-AB48 [[Page 30890]] _______________________________________________________________________ Department of the Treasury (TREAS) Completed Actions Office of Thrift Supervision (OTS) _______________________________________________________________________ 2881. RECORDKEEPING AND CONFIRMATION REQUIREMENTS FOR SECURITIES TRANSACTIONS; FIDUCIARY POWERS OF SAVINGS ASSOCIATIONS Priority: Substantive, Nonsignificant CFR Citation: 12 CFR 550; 12 CFR 551 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Final Rule 12/12/02 67 FR 76293 Regulatory Flexibility Analysis Required: Yes Government Levels Affected: State, Federal Federalism: This action may have federalism implications as defined in EO 13132. Agency Contact: Timothy Leary Phone: 202 906-7170 Judi McCormick Phone: 202 906-5636 RIN: 1550-AB49 _______________________________________________________________________ 2882. REGULATORY REPORTING STANDARDS: QUALIFICATIONS FOR INDEPENDENT PUBLIC ACCOUNTS PERFORMING AUDIT SERVICES FOR VOLUNTARY AUDIT FILERS Priority: Substantive, Nonsignificant CFR Citation: 12 CFR 562 Completed: ________________________________________________________________________ Reason Date FR Cite ________________________________________________________________________ Interim Final Rule 11/25/02 67 FR 70529 Correction 12/10/02 67 FR 75809 Interim Final Rule Comment Period End 01/27/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Teresa Scott Phone: 202 906-6478 Fax: 202 905-6518 Email: teresa.scott@ots.treas.gov Christine Smith Phone: 202 906-5740 RIN: 1550-AB54 _______________________________________________________________________ 2883. [bull] SAVINGS ASSOCIATIONS--OPERATIONS; TRANSACTIONS WITH AFFILIATES Priority: Substantive, Nonsignificant Legal Authority: 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 375b; 12 USC 3806; 42 USC 4106; 44 USC 3501 et seq. CFR Citation: 12 CFR 506; 12 CFR 559; 12 CFR 562; 12 CFR 563 Legal Deadline: None Abstract: The Office of Thrift Supervision (OTS) revised its regulations on transactions with affiliates. This interim final rule conformed OTS' regulations to the Board of Governors of the Federal Reserve System's (FRB) final rule implementing sections 23A and 23B of the Federal Reserve Act (FRA). The FRB rule (Regulation W) combines statutory restrictions on transactions with affiliates with new and existing interpretations and exemptions. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 12/20/02 67 FR 77909 Interim Final Rule Comment Period End 02/18/03 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Donna Deale, Manager, Supervision Policy, Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552 Phone: 202 906-7488 Karen Osterloh, Special Counsel, Department of the Treasury, Office of Thrift Supervision, 1700 G Street NW., Washington, DC 20552 Phone: 202 906-6639 RIN: 1550-AB55 BILLING CODE 6720-01-S [FR Doc. 03-10365 Filed 05-23-03; 8:45 am]