Nuclear Decommissioning Funds, 74213-74215 [E7-25222]
Download as PDF
<![CDATA[
Federal Register / Vol. 72, No. 249 / Monday, December 31, 2007 / Proposed Rules
(b) Installing an airworthy blade assembly
that does not have a serial number listed in
paragraph 2.A of the ASB and does not have
‘‘RS503’’ marked near the P/N is terminating
action for the requirements of this AD.
(c) To request a different method of
compliance or a different compliance time
for this AD, follow the procedures in 14 CFR
39.19. Contact the Manager, Rotorcraft
Directorate, Rotorcraft Certification Office,
FAA, ATTN: Michael Kohner, Aviation
Safety Engineer, Fort Worth, Texas 76193–
0170, telephone (817) 222–5447, fax (817)
222–5783.
Issued in Fort Worth, Texas, on November
28, 2007.
Mark R. Schilling,
Acting Manager, Rotorcraft Directorate,
Aircraft Certification Service.
[FR Doc. E7–25411 Filed 12–28–07; 8:45 am]
BILLING CODE 4910–13–P
COMMODITY FUTURES TRADING
COMMISSION
17 CFR Part 150
RIN 3038–AC51
Revision of Federal Speculative
Position Limits
Commodity Futures Trading
Commission.
ACTION: Reopening of comment period.
mstockstill on PROD1PC66 with PROPOSALS
AGENCY:
SUMMARY: The Commodity Futures
Trading Commission is reopening the
period for public comment to provide
interested persons additional time to
comment on certain proposed
amendments pertaining to the Federal
speculative position limits for
agricultural commodities.
DATES: Comments must be received by
January 21, 2008.
ADDRESS: Comments should be
submitted to David A. Stawick,
Secretary, Commodity Futures Trading
Commission, Three Lafayette Centre,
1155 21st Street, NW., Washington, DC
20581. Comments may be sent by
facsimile to 202.418.5521, or by e-mail
to secretary@cftc.gov. Reference should
be made to the ‘‘Proposed Revision of
Federal Speculative Position Limits.’’
Comments may also be submitted
through the Federal eRulemaking Portal
at https://www.regulations.gov.
FOR FURTHER INFORMATION CONTACT: Don
Heitman, Attorney, Division of Market
Oversight, Commodity Futures Trading
Commission, Three Lafayette Centre,
1155 21st Street, NW., Washington, DC
20581, telephone (202) 418–5041,
facsimile number (202) 418–5507,
electronic mail dheitman@cftc.gov; or
Martin Murray, Economist, Division of
Market Oversight, telephone (202) 418–
VerDate Aug<31>2005
17:27 Dec 28, 2007
Jkt 214001
5276, facsimile number (202) 418–5507,
electronic mail mmurray@cftc.gov.
The
Commission is reopening the period for
public comment on proposed
amendments to regulation 150.2.1 The
amendments were proposed on
November 21, 2007 and the comment
period initially closed on December 21,
2007.2 The amendments, if adopted by
the Commission, would increase the
Federal speculative position limits
enumerated in regulation 150.2 for all
single-month and all-months-combined
positions in all commodities except
oats, pursuant to parameters specified in
Commission regulation 150.5(c). The
amendments would also aggregate
positions in all designated contract
market products that share substantially
identical terms with the contracts
enumerated in regulation 150.2 for the
purposes of ascertaining compliance
with the Federal speculative position
limits.
By letter dated December 7, 2007, the
National Grain and Feed Association, an
association representing companies that
utilize exchange traded agricultural
contracts to manage price and inventory
risks,3 and by letter dated December 14,
2007, the American Bakers Association,
an association representing the interests
of the wholesale baking industry,4
requested an extension of the comment
period to better develop a response to
Commission’s proposed amendments.
While the Commission has received
commentary on the proposed
amendments,5 it believes that it would
be appropriate to reopen the comment
period to ensure that an adequate
opportunity is provided for the
submission of additional meaningful
and substantive comments.
Accordingly, the Commission has
determined to reopen the comment
period for the proposed amendments to
regulation 150.2 to January 21, 2008.
The Commission notes that it will give
full consideration to any comment
received in the interval between the
closing and reopening of the comment
period for the proposed amendments.
SUPPLEMENTARY INFORMATION:
1 17
CFR 150.2.
FR 65783 (November 21, 2007).
3 Letter from Rod Clark, Chair, Risk Management
Committee, National Grain and Feed Association, to
David A. Stawick, Secretary of the Commission
(December 7, 2007) (on file with the Commission).
4 Letter from Lee Sanders, Senior Vice President,
Government Relations & Public Affairs, Corporate
Secretary, American Bakers Association, to David
A. Stawick, Secretary of the Commission (December
14, 2007) (on file with the Commission).
5 Comment File: 07–014, available at https://
www.cftc.gov/lawandregulation/federalregister/
federalregistercomments/2007/07–014.html.
2 72
PO 00000
Frm 00005
Fmt 4702
Sfmt 4702
74213
Issued in Washington, DC, on December
21, 2007 by the Commission.
David A. Stawick,
Secretary of the Commission.
[FR Doc. E7–25344 Filed 12–28–07; 8:45 am]
BILLING CODE 6351–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[REG–147290–05]
RIN 1545–BF08
Nuclear Decommissioning Funds
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice of proposed rulemaking
by cross reference to temporary
regulations.
AGENCY:
SUMMARY: In the Rules and Regulations
section of this issue of the Federal
Register, the IRS is issuing temporary
regulations under section 468A of the
Internal Revenue Code relating to
deductions for contributions to trusts
maintained for decommissioning
nuclear power plants. The temporary
regulations reflect changes to the law
made by the Energy Policy Act of 2005,
and affect most taxpayers that own an
interest in a nuclear power plant. The
text of the temporary regulations also
serves as the text of these proposed
regulations.
DATES: Written or electronic comments
and requests for a public hearing must
be received by March 31, 2008.
ADDRESSES: Send submissions to:
CC:PA:LPD:PR (REG–147290–05), room
5203, Internal Revenue Service, PO Box
7604, Ben Franklin Station, Washington,
DC 20044. Submissions may be hand
delivered Monday through Friday
between the hours of 8 a.m. and 4 p.m.
to: CC:PA:LPD:PR (REG–147290–05),
Courier’s Desk, Internal Revenue
Service, 1111 Constitution Avenue,
NW., Washington, DC, or sent
electronically, via the Federal
eRulemaking Portal at https://
www.regulations.gov/ (IRS REG–
147290–05).
FOR FURTHER INFORMATION CONTACT:
Concerning the regulations, Patrick S.
Kirwan, (202) 622–3110; concerning
submissions and to request a hearing,
Kelly Banks, (202) 622–7180 (not tollfree numbers).
SUPPLEMENTARY INFORMATION:
Paperwork Reduction Act
The collection of information
contained in this notice of proposed
E:\FR\FM\31DEP1.SGM
31DEP1
mstockstill on PROD1PC66 with PROPOSALS
74214
Federal Register / Vol. 72, No. 249 / Monday, December 31, 2007 / Proposed Rules
rulemaking has been submitted to the
Office of Management and Budget for
review in accordance with the
Paperwork Reduction Act of 1995 (44
U.S.C. 3507(d)). OMB has approved, on
a temporary basis, the information
collections contained in the crossreferenced temporary rule under control
number 1545–2091. Comments on the
collection of information should be sent
to the Office of Management and
Budget, Attn: Desk Officer for the
Department of the Treasury, Office of
Information and Regulatory Affairs,
Washington, DC 20503, with copies to
the Internal Revenue Service, Attn: IRS
Reports Clearance Officer,
SE:W:CAR:MP:T:T:SP, Washington, DC
20224. Comments on the collection of
information should be received by
February 29, 2008. Comments are
specifically requested concerning:
Whether the proposed collection of
information is necessary for the proper
performance of the functions of the IRS,
including whether the information will
have practical utility;
The accuracy of the estimated burden
associated with the proposed collection
of information;
How the quality, utility, and clarity of
the information to be collected may be
enhanced;
How the burden of complying with
the proposed collection of information
may be minimized, including through
the application of automated collection
techniques or other forms of information
technology; and
Estimates of capital or start-up costs
and costs of operation, maintenance,
and purchase of service to provide
information.
The collection of information in this
proposed regulation is in §§ 1.468A–
3T(h), 1.468A–4T, 1.468A–7T, and
1.468A–8T(d). The information
collected under § 1.468A–3T(h) is
required to evaluate whether the
taxpayer has properly determined the
schedule of ruling amounts. The
information collected under § 1.468A–
7T pertains to the initial election to
maintain a qualified nuclear
decommissioning trust fund. The
information collected under § 1.468A–
8T(d) is required to evaluate whether
the taxpayer has properly determined
the schedule of deduction amounts. The
collection of information is mandatory.
The likely recordkeepers are owners of
nuclear power plants.
Estimated total annual recordkeeping
burden: 2,500 hours.
The estimated annual burden per
recordkeeper varies depending on
individual circumstances, with an
estimated average of 25 hours.
VerDate Aug<31>2005
17:27 Dec 28, 2007
Jkt 214001
Estimated number of recordkeepers:
100.
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless it displays a valid control
number assigned by the Office of
Management and Budget.
Books or records relating to a
collection of information must be
retained as long as their contents may
become material in the administration
of any internal revenue law. Generally,
tax returns and tax return information
are confidential, as required by 26
U.S.C. 6103.
Background
The temporary regulations in the
Rules and Regulations section of this
issue of the Federal Register contain
amendments to 26 CFR part 1 providing
regulations under section 468A of the
Internal Revenue Code of 1986 (Code).
Section 468A was amended by section
1310 of the Energy Policy Act of 2005,
Public Law 109–58 (119 Stat. 594).
Explanation of Provisions
The temporary regulations in the
Rules and Regulations section of this
issue of the Federal Register amend the
Income Tax Regulations (26 CFR part 1)
under section 468A of the Internal
Revenue Code of 1986 (Code). The text
of the temporary regulations also serves
as the text of these proposed
regulations. The preamble to the
temporary regulations explains these
proposed regulations.
Special Analyses
It has been determined that this notice
of proposed rulemaking is not a
significant regulatory action as defined
in Executive Order 12866. Therefore, a
regulatory assessment is not required. It
also has been determined that section
553(b) and (d) of the Administrative
Procedure Act (5 U.S.C. chapter 5) does
not apply to these regulations. It is
hereby certified that this regulation will
not have a significant economic impact
on a substantial number of small
entities. The proposed regulations do
not impose a collection of information
on small entities. Accordingly, a
regulatory flexibility analysis is not
required. We request comment on the
accuracy of this certification. Pursuant
to section 7805(f) of the Code, this
regulation has been submitted to the
Chief Counsel for Advocacy of the Small
Business Administration for comment
on its impact on small business.
PO 00000
Frm 00006
Fmt 4702
Sfmt 4702
Comments and Requests for a Public
Hearing
Before these proposed regulations are
adopted as final regulations,
consideration will be given to any
written comments (a signed original and
eight (8) copies) or electronically
generated comments that are submitted
timely to the IRS. The IRS and Treasury
Department generally request comments
on the clarity of the proposed rule and
how it may be made easier to
understand. All comments will be
available for public inspection and
copying. A public hearing may be
scheduled if requested in writing by a
person who timely submits comments.
If a public hearing is scheduled, notice
of the date, time, and place for the
hearing will be published in the Federal
Register.
Drafting Information
The principal author of these
regulations is Patrick S. Kirwan, Office
of Associate Chief Counsel
(Passthroughs and Special Industries).
However, other personnel from the IRS
and Treasury Department participated
in their development.
List of Subjects in 26 CFR Part 1
Income taxes, Reporting and
recordkeeping requirements.
Proposed Amendments to the
Regulations
Accordingly, 26 CFR part 1 is
proposed to be amended as follows:
PART 1—INCOME TAXES
Paragraph 1. The authority citation
for part 1 continues to read in part as
follows:
Authority: 26 U.S.C. 7805 * * *
Section 1.468A–5 also issued under 26
U.S.C. 468A(e)(5). * * *
Par. 2. Sections 1.468A–0 through
1.468A–9 are added to read as follows:
§ 1.468A–0
Table of contents.
[The text of this proposed section is
the same as the text of § 1.468A–0T
published elsewhere in this issue of the
Federal Register.]
§ 1.468A–1 Nuclear decommissioning
costs; general rules.
[The text of this proposed section is
the same as the text of § 1.468A–1T
published elsewhere in this issue of the
Federal Register.]
§ 1.468A–2
Treatment of electing taxpayer.
[The text of this proposed section is
the same as the text of § 1.468A–2T
published elsewhere in this issue of the
Federal Register.]
E:\FR\FM\31DEP1.SGM
31DEP1
Federal Register / Vol. 72, No. 249 / Monday, December 31, 2007 / Proposed Rules
§ 1.468A–3
Ruling amount.
[The text of this proposed section is
the same as the text of § 1.468A–3T
published elsewhere in this issue of the
Federal Register.]
§ 1.468A–4 Treatment of nuclear
decommissioning fund.
[The text of this proposed section is
the same as the text of § 1.468A–4T
published elsewhere in this issue of the
Federal Register.]
§ 1.468A–5 Nuclear decommissioning
fund—miscellaneous provisions.
[The text of this proposed section is
the same as the text of § 1.468A–5T
published elsewhere in this issue of the
Federal Register.]
§ 1.468A–6 Disposition of an interest in a
nuclear power plant.
[The text of this proposed section is
the same as the text of § 1.468A–6T
published elsewhere in this issue of the
Federal Register.]
§ 1.468A–7
election.
Manner of and time for making
[The text of this proposed section is
the same as the text of § 1.468A–7T
published elsewhere in this issue of the
Federal Register.]
§ 1.468A–8 Special transfers to qualified
funds pursuant to section 468A(f).
[The text of this proposed section is
the same as the text of § 1.468A–8T
published elsewhere in this issue of the
Federal Register.]
§ 1.468A–9 Effective/applicability date and
transitional rules.
[The text of this proposed section is
the same as the text of § 1.468A–9T(a)
and (b) published elsewhere in this
issue of the Federal Register.]
Kevin M. Brown,
Deputy Commissioner for Services and
Enforcement.
[FR Doc. E7–25222 Filed 12–28–07; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[REG–139236–07]
mstockstill on PROD1PC66 with PROPOSALS
RIN 1545–BH07
Measurement of Assets and Liabilities
for Pension Funding Purposes
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice of proposed rulemaking.
AGENCY:
VerDate Aug<31>2005
17:27 Dec 28, 2007
Jkt 214001
SUMMARY: This document contains
proposed regulations providing
guidance on the determination of plan
assets and benefit liabilities for
purposes of the funding requirements
that apply to single employer defined
benefit plans. These regulations affect
sponsors, administrators, participants,
and beneficiaries of single employer
defined benefit plans.
DATES: Written or electronic comments
and requests for a public hearing must
be received by March 31, 2008.
ADDRESSES: Send submissions to:
CC:PA:LPD:PR (REG–139236–07), room
5203, Internal Revenue Service, P.O.
Box 7604, Ben Franklin Station,
Washington, DC 20044. Submissions
may be hand-delivered Monday through
Friday between the hours of 8 a.m. and
4 p.m. to CC:PA:LPD:PR (REG–139236–
07), Courier’s Desk, Internal Revenue
Service, 1111 Constitution Avenue,
NW., Washington, DC, or sent
electronically via the Federal
eRulemaking Portal at
www.regulations.gov (IRS–REG–
139236–07).
FOR FURTHER INFORMATION CONTACT:
Concerning the regulations, Lauson C.
Green or Linda S. F. Marshall at (202)
622–6090; concerning submissions and
requests for a public hearing, Richard A.
Hurst at Richard.A.Hurst@
irscounsel.treas.gov or at (202) 622–
7180 (not toll-free numbers).
SUPPLEMENTARY INFORMATION:
Paperwork Reduction Act
The collections of information
contained in this notice of proposed
rulemaking have been submitted to the
Office of Management and Budget for
review in accordance with the
Paperwork Reduction Act of 1995 (44
U.S.C. 3507(d)). Comments on the
collections of information should be
sent to the Office of Management and
Budget, Attn: Desk Officer for the
Department of the Treasury, Office of
Information and Regulatory Affairs,
Washington, DC 20503, with copies to
the Internal Revenue Service, Attn: IRS
Reports Clearance Officer,
SE:W:CAR:MP:T:T:SP, Washington, DC
20224. Comments on the collection of
information should be received by
February 29, 2008. Comments are
specifically requested concerning:
Whether the proposed collection of
information is necessary for the proper
performance of the functions of the
Internal Revenue Service, including
whether the information will have
practical utility;
The accuracy of the estimated burden
associated with the proposed collection
of information;
PO 00000
Frm 00007
Fmt 4702
Sfmt 4702
74215
How the quality, utility, and clarity of
the information to be collected may be
enhanced;
How the burden of complying with
the proposed collections of information
may be minimized, including through
the application of automated collection
techniques or other forms of information
technology; and
Estimates of capital or start-up costs
and costs of operation, maintenance,
and purchase of service to provide
information.
The collection of information in this
proposed regulation is in § 1.430(h)(2)–
1(e). This information is required in
order for a plan sponsor to make an
election to use an alternative interest
rate for purposes of determining a plan’s
funding obligations under § 1.430(h)(2)–
1. This information is required to obtain
or retain benefits. The likely
respondents are qualified retirement
plan sponsors.
Estimated total annual reporting
burden: 54,000 hours.
Estimated average annual burden
hours per respondent: 0.75 hours.
Estimated number of respondents:
72,000.
Estimated annual frequency of
responses: Occasional.
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless it displays a valid control
number assigned by the Office of
Management and Budget.
Books or records relating to a
collection of information must be
retained as long as their contents may
become material in the administration
of any internal revenue law. Generally,
tax returns and tax return information
are confidential, as required by 26
U.S.C. 6103.
Background
This document contains proposed
Income Tax Regulations (26 CFR part 1)
under sections 430(d), 430(g), 430(h)(2),
and 430(i), as added to the Internal
Revenue Code (Code) by the Pension
Protection Act of 2006 (PPA ’06), Public
Law 109–280 (120 Stat. 780).
Section 412 provides minimum
funding requirements that generally
apply for pension plans (including both
defined benefit pension plans and
money purchase pension plans). PPA
’06 makes extensive changes to those
minimum funding requirements that
generally apply for plan years beginning
on or after January 1, 2008. Section 430,
which was added by PPA ’06, specifies
the minimum funding requirements that
apply to single employer defined benefit
pension plans (including multiple
E:\FR\FM\31DEP1.SGM
31DEP1
]]>Agencies
[Federal Register Volume 72, Number 249 (Monday, December 31, 2007)]
[Proposed Rules]
[Pages 74213-74215]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-25222]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[REG-147290-05]
RIN 1545-BF08
Nuclear Decommissioning Funds
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice of proposed rulemaking by cross reference to temporary
regulations.
-----------------------------------------------------------------------
SUMMARY: In the Rules and Regulations section of this issue of the
Federal Register, the IRS is issuing temporary regulations under
section 468A of the Internal Revenue Code relating to deductions for
contributions to trusts maintained for decommissioning nuclear power
plants. The temporary regulations reflect changes to the law made by
the Energy Policy Act of 2005, and affect most taxpayers that own an
interest in a nuclear power plant. The text of the temporary
regulations also serves as the text of these proposed regulations.
DATES: Written or electronic comments and requests for a public hearing
must be received by March 31, 2008.
ADDRESSES: Send submissions to: CC:PA:LPD:PR (REG-147290-05), room
5203, Internal Revenue Service, PO Box 7604, Ben Franklin Station,
Washington, DC 20044. Submissions may be hand delivered Monday through
Friday between the hours of 8 a.m. and 4 p.m. to: CC:PA:LPD:PR (REG-
147290-05), Courier's Desk, Internal Revenue Service, 1111 Constitution
Avenue, NW., Washington, DC, or sent electronically, via the Federal
eRulemaking Portal at https://www.regulations.gov/ (IRS REG-147290-05).
FOR FURTHER INFORMATION CONTACT: Concerning the regulations, Patrick S.
Kirwan, (202) 622-3110; concerning submissions and to request a
hearing, Kelly Banks, (202) 622-7180 (not toll-free numbers).
SUPPLEMENTARY INFORMATION:
Paperwork Reduction Act
The collection of information contained in this notice of proposed
[[Page 74214]]
rulemaking has been submitted to the Office of Management and Budget
for review in accordance with the Paperwork Reduction Act of 1995 (44
U.S.C. 3507(d)). OMB has approved, on a temporary basis, the
information collections contained in the cross-referenced temporary
rule under control number 1545-2091. Comments on the collection of
information should be sent to the Office of Management and Budget,
Attn: Desk Officer for the Department of the Treasury, Office of
Information and Regulatory Affairs, Washington, DC 20503, with copies
to the Internal Revenue Service, Attn: IRS Reports Clearance Officer,
SE:W:CAR:MP:T:T:SP, Washington, DC 20224. Comments on the collection of
information should be received by February 29, 2008. Comments are
specifically requested concerning:
Whether the proposed collection of information is necessary for the
proper performance of the functions of the IRS, including whether the
information will have practical utility;
The accuracy of the estimated burden associated with the proposed
collection of information;
How the quality, utility, and clarity of the information to be
collected may be enhanced;
How the burden of complying with the proposed collection of
information may be minimized, including through the application of
automated collection techniques or other forms of information
technology; and
Estimates of capital or start-up costs and costs of operation,
maintenance, and purchase of service to provide information.
The collection of information in this proposed regulation is in
Sec. Sec. 1.468A-3T(h), 1.468A-4T, 1.468A-7T, and 1.468A-8T(d). The
information collected under Sec. 1.468A-3T(h) is required to evaluate
whether the taxpayer has properly determined the schedule of ruling
amounts. The information collected under Sec. 1.468A-7T pertains to
the initial election to maintain a qualified nuclear decommissioning
trust fund. The information collected under Sec. 1.468A-8T(d) is
required to evaluate whether the taxpayer has properly determined the
schedule of deduction amounts. The collection of information is
mandatory. The likely recordkeepers are owners of nuclear power plants.
Estimated total annual recordkeeping burden: 2,500 hours.
The estimated annual burden per recordkeeper varies depending on
individual circumstances, with an estimated average of 25 hours.
Estimated number of recordkeepers: 100.
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless it displays a valid
control number assigned by the Office of Management and Budget.
Books or records relating to a collection of information must be
retained as long as their contents may become material in the
administration of any internal revenue law. Generally, tax returns and
tax return information are confidential, as required by 26 U.S.C. 6103.
Background
The temporary regulations in the Rules and Regulations section of
this issue of the Federal Register contain amendments to 26 CFR part 1
providing regulations under section 468A of the Internal Revenue Code
of 1986 (Code). Section 468A was amended by section 1310 of the Energy
Policy Act of 2005, Public Law 109-58 (119 Stat. 594).
Explanation of Provisions
The temporary regulations in the Rules and Regulations section of
this issue of the Federal Register amend the Income Tax Regulations (26
CFR part 1) under section 468A of the Internal Revenue Code of 1986
(Code). The text of the temporary regulations also serves as the text
of these proposed regulations. The preamble to the temporary
regulations explains these proposed regulations.
Special Analyses
It has been determined that this notice of proposed rulemaking is
not a significant regulatory action as defined in Executive Order
12866. Therefore, a regulatory assessment is not required. It also has
been determined that section 553(b) and (d) of the Administrative
Procedure Act (5 U.S.C. chapter 5) does not apply to these regulations.
It is hereby certified that this regulation will not have a significant
economic impact on a substantial number of small entities. The proposed
regulations do not impose a collection of information on small
entities. Accordingly, a regulatory flexibility analysis is not
required. We request comment on the accuracy of this certification.
Pursuant to section 7805(f) of the Code, this regulation has been
submitted to the Chief Counsel for Advocacy of the Small Business
Administration for comment on its impact on small business.
Comments and Requests for a Public Hearing
Before these proposed regulations are adopted as final regulations,
consideration will be given to any written comments (a signed original
and eight (8) copies) or electronically generated comments that are
submitted timely to the IRS. The IRS and Treasury Department generally
request comments on the clarity of the proposed rule and how it may be
made easier to understand. All comments will be available for public
inspection and copying. A public hearing may be scheduled if requested
in writing by a person who timely submits comments. If a public hearing
is scheduled, notice of the date, time, and place for the hearing will
be published in the Federal Register.
Drafting Information
The principal author of these regulations is Patrick S. Kirwan,
Office of Associate Chief Counsel (Passthroughs and Special
Industries). However, other personnel from the IRS and Treasury
Department participated in their development.
List of Subjects in 26 CFR Part 1
Income taxes, Reporting and recordkeeping requirements.
Proposed Amendments to the Regulations
Accordingly, 26 CFR part 1 is proposed to be amended as follows:
PART 1--INCOME TAXES
Paragraph 1. The authority citation for part 1 continues to read in
part as follows:
Authority: 26 U.S.C. 7805 * * *
Section 1.468A-5 also issued under 26 U.S.C. 468A(e)(5). * * *
Par. 2. Sections 1.468A-0 through 1.468A-9 are added to read as
follows:
Sec. 1.468A-0 Table of contents.
[The text of this proposed section is the same as the text of Sec.
1.468A-0T published elsewhere in this issue of the Federal Register.]
Sec. 1.468A-1 Nuclear decommissioning costs; general rules.
[The text of this proposed section is the same as the text of Sec.
1.468A-1T published elsewhere in this issue of the Federal Register.]
Sec. 1.468A-2 Treatment of electing taxpayer.
[The text of this proposed section is the same as the text of Sec.
1.468A-2T published elsewhere in this issue of the Federal Register.]
[[Page 74215]]
Sec. 1.468A-3 Ruling amount.
[The text of this proposed section is the same as the text of Sec.
1.468A-3T published elsewhere in this issue of the Federal Register.]
Sec. 1.468A-4 Treatment of nuclear decommissioning fund.
[The text of this proposed section is the same as the text of Sec.
1.468A-4T published elsewhere in this issue of the Federal Register.]
Sec. 1.468A-5 Nuclear decommissioning fund--miscellaneous provisions.
[The text of this proposed section is the same as the text of Sec.
1.468A-5T published elsewhere in this issue of the Federal Register.]
Sec. 1.468A-6 Disposition of an interest in a nuclear power plant.
[The text of this proposed section is the same as the text of Sec.
1.468A-6T published elsewhere in this issue of the Federal Register.]
Sec. 1.468A-7 Manner of and time for making election.
[The text of this proposed section is the same as the text of Sec.
1.468A-7T published elsewhere in this issue of the Federal Register.]
Sec. 1.468A-8 Special transfers to qualified funds pursuant to
section 468A(f).
[The text of this proposed section is the same as the text of Sec.
1.468A-8T published elsewhere in this issue of the Federal Register.]
Sec. 1.468A-9 Effective/applicability date and transitional rules.
[The text of this proposed section is the same as the text of Sec.
1.468A-9T(a) and (b) published elsewhere in this issue of the Federal
Register.]
Kevin M. Brown,
Deputy Commissioner for Services and Enforcement.
[FR Doc. E7-25222 Filed 12-28-07; 8:45 am]
BILLING CODE 4830-01-P
