Guidance Under Section 1502; Application of Section 108 to Members of a Consolidated Group; Correction, 20049 [05-7636]
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Federal Register / Vol. 70, No. 73 / Monday, April 18, 2005 / Rules and Regulations
Dated: March 24, 2005.
Stephen F. Sundlof,
Director, Center for Veterinary Medicine.
[FR Doc. 05–7730 Filed 4–15–05; 8:45 am]
‘‘take into account its $80 of excluded
COD.’’ and add in their place the words
‘‘take into account its $80 of excluded
COD income.’’.
BILLING CODE 4160–01–S
Cynthia E. Grigsby,
Acting Chief, Publications and Regulations
Branch, Legal Processing Division, Associate
Chief Counsel, (Procedures and
Administration).
[FR Doc. 05–7636 Filed 4–15–05; 8:45 am]
DEPARTMENT OF THE TREASURY
Internal Revenue Service
BILLING CODE 4830–01–P
26 CFR Part 1
[TD 9192]
RIN 1545–BC38; RIN 1545–BC74; RIN 1545–
BC95
DEPARTMENT OF HOMELAND
SECURITY
Guidance Under Section 1502;
Application of Section 108 to Members
of a Consolidated Group; Correction
Coast Guard
Internal Revenue Service (IRS),
Treasury.
ACTION: Correction to final regulations.
[CGD05–05–022]
AGENCY:
SUMMARY: This document corrects final
regulations, (TD 9192) that were
published in the Federal Register on
Tuesday, March 22, 2005 (70 FR 14395),
that govern the application of section
108 when a member of a consolidated
group realizes discharge of indebtedness
income.
DATES: This correction is effective on
March 22, 2005.
FOR FURTHER INFORMATION CONTACT:
Amber Cook, (202) 622–7530 (not a tollfree number).
SUPPLEMENTARY INFORMATION:
Background
The final regulations, temporary
regulations, and removal of temporary
regulations (TD 9192) that is the subject
of this correction is under section 1502
of the Internal Revenue Code.
Need for Correction
As published, (TD 9192) contains an
error that may prove to be misleading
and is in need of clarification.
Correction of Publication
Accordingly, the publication of the
final regulations, temporary regulations,
and removal of temporary regulations
(TD 9192) that were the subject of FR.
Doc. 05–5528, are corrected as follows:
I
PART 1—INCOME TAXES
1. The authority citation for 26 CFR
part 1 continues to read as follows:
I
Authority: 26 U.S.C. 7805, unless
otherwise noted. Section 1.1502–11 also
issued under 26 U.S.C. 1502.
§ 1.1502–11
[Corrected]
I 2. In § 1.1502–11, paragraph (c)(5),
Example 3, (ii)(E), remove the words
VerDate jul<14>2003
16:07 Apr 15, 2005
Jkt 205001
33 CFR Part 100
RIN 1625–AA08
Special Local Regulation for Marine
Events; Pasquotank River, Camden,
NC
Coast Guard, DHS.
Temporary final rule.
AGENCY:
ACTION:
SUMMARY: The Coast Guard is
establishing temporary special local
regulations during the ‘‘Camden Spring
Race’’, a marine event to be held over
the waters of the Pasquotank River at
Camden, North Carolina. These special
local regulations are necessary to
provide for the safety of life on
navigable waters during the event. This
action is intended to restrict vessel
traffic in the Pasquotank River during
the event.
DATES: This rule is effective from 9:30
a.m. on April 23, to 6:30 p.m. on April
24, 2005.
ADDRESSES: Comments and material
received from the public, as well as
documents indicated in this preamble as
being available in the docket, are part of
docket CGD05–05–022 and are available
for inspection or copying at Commander
(oax), Fifth Coast Guard District, 431
Crawford Street, Portsmouth, Virginia
23704–5004, between 9 a.m. and 2 p.m.,
Monday through Friday, except Federal
holidays.
FOR FURTHER INFORMATION CONTACT:
Dennis Sens, Project Manager, Auxiliary
and Recreational Boating Safety Branch,
at (757) 398–6204.
SUPPLEMENTARY INFORMATION:
Regulatory Information
We did not publish a notice of
proposed rulemaking (NPRM) for this
regulation. Under 5 U.S.C. 553(b)(B), the
Coast Guard finds that good cause exists
for not publishing an NPRM. Publishing
PO 00000
Frm 00005
Fmt 4700
Sfmt 4700
20049
an NPRM would be impracticable. The
event will take place on April 23 and
24, 2005. There is not sufficient time to
allow for a notice and comment period,
prior to the event. Immediate action is
needed to protect the safety of life at sea
from the danger posed by high-speed
powerboats.
Under 5 U.S.C. 553(d)(3), the Coast
Guard finds that good cause exists for
making this rule effective less than 30
days after publication in the Federal
Register. Delaying the effective date
would be contrary to the public interest,
since immediate action is needed to
ensure the safety of the event
participants, spectator craft and other
vessels transiting the event area.
However advance notifications will be
made to affected waterway users via
marine information broadcasts and area
newspapers.
Background and Purpose
On April 23 and 24, 2005, the
Carolina Virginia Racing Association
will sponsor the ‘‘Camden Spring Race’’,
on the waters of the Pasquotank River at
Camden, North Carolina. The event will
consist of approximately 70
hydroplanes and runabout powerboats
conducting high-speed competitive
races on the Pasquotank River in the
vicinity of Shipyard Landing, Camden,
North Carolina. A fleet of approximately
50 spectator vessels is expected to
gather nearby to view the competition.
Due to the need for vessel control
during the event, vessel traffic will be
temporarily restricted to provide for the
safety of participants, spectators and
transiting vessels.
Discussion of Rule
The Coast Guard is establishing
temporary special local regulations on
specified waters of the Pasquotank River
adjacent to Shipyard Landing, Camden,
North Carolina. The regulated area
includes a section of the Pasquotank
River approximately 800 yards long, by
260 yards wide. The temporary special
local regulations will be enforced from
9:30 a.m. to 6:30 p.m. on April 23 and
24, 2005, and will restrict general
navigation in the regulated area during
the power boat race. Except for persons
or vessels authorized by the Coast Guard
Patrol Commander, no person or vessel
may enter or remain in the regulated
area during the enforcement period.
Regulatory Evaluation
This rule is not a ‘‘significant
regulatory action’’ under section 3(f) of
Executive Order 12866, Regulatory
Planning and Review, and does not
require an assessment of potential costs
and benefits under section 6(a)(3) of that
E:\FR\FM\18APR1.SGM
18APR1
Agencies
[Federal Register Volume 70, Number 73 (Monday, April 18, 2005)]
[Rules and Regulations]
[Page 20049]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-7636]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[TD 9192]
RIN 1545-BC38; RIN 1545-BC74; RIN 1545-BC95
Guidance Under Section 1502; Application of Section 108 to
Members of a Consolidated Group; Correction
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Correction to final regulations.
-----------------------------------------------------------------------
SUMMARY: This document corrects final regulations, (TD 9192) that were
published in the Federal Register on Tuesday, March 22, 2005 (70 FR
14395), that govern the application of section 108 when a member of a
consolidated group realizes discharge of indebtedness income.
DATES: This correction is effective on March 22, 2005.
FOR FURTHER INFORMATION CONTACT: Amber Cook, (202) 622-7530 (not a
toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The final regulations, temporary regulations, and removal of
temporary regulations (TD 9192) that is the subject of this correction
is under section 1502 of the Internal Revenue Code.
Need for Correction
As published, (TD 9192) contains an error that may prove to be
misleading and is in need of clarification.
Correction of Publication
0
Accordingly, the publication of the final regulations, temporary
regulations, and removal of temporary regulations (TD 9192) that were
the subject of FR. Doc. 05-5528, are corrected as follows:
PART 1--INCOME TAXES
0
1. The authority citation for 26 CFR part 1 continues to read as
follows:
Authority: 26 U.S.C. 7805, unless otherwise noted. Section
1.1502-11 also issued under 26 U.S.C. 1502.
Sec. 1.1502-11 [Corrected]
0
2. In Sec. 1.1502-11, paragraph (c)(5), Example 3, (ii)(E), remove the
words ``take into account its $80 of excluded COD.'' and add in their
place the words ``take into account its $80 of excluded COD income.''.
Cynthia E. Grigsby,
Acting Chief, Publications and Regulations Branch, Legal Processing
Division, Associate Chief Counsel, (Procedures and Administration).
[FR Doc. 05-7636 Filed 4-15-05; 8:45 am]
BILLING CODE 4830-01-P