Assumption of Partner Liabilities; Correction, 39653-39654 [05-13585]
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Federal Register / Vol. 70, No. 131 / Monday, July 11, 2005 / Rules and Regulations
New York, NY, John F Kennedy Intl, RNAV
(GPS) RWY 4R, Amdt 1
New York, NY, John F Kennedy Intl, RNAV
(GPS) RWY 22L, Amdt 1
New York, NY, John F Kennedy Intl, RNAV
(GPS) RWY 22R, Amdt 1
New York, NY, John F Kennedy Intl, RNAV
List of Subjects in 14 CFR Part 97
(GPS) RWY 31R, Amdt 1
Air traffic control, Airports,
New York, NY, John F Kennedy Intl, RNAV
Incorporation by reference, and
(GPS) Z RWY 31L, Amdt 1
Navigation (air).
Oklahoma City, OK, Will Rogers World,
RNAV (GPS) RWY 17R, Amdt 2
Issued in Washington, DC on July 1, 2005.
Oklahoma City, OK, Will Rogers World, ILS
James J. Ballough,
OR LOC RWY 17R, Amdt 10
Director, Flight Standards Service.
Providence, RI, Theodore Francis Green
State, ILS RWY 34, Amdt 10A
Adoption of the Amendment
Angleton/Lake Jackson, TX, Brazoria County,
I Accordingly, pursuant to the authority
RNAV (GPS) RWY 17, Amdt 2
Angleton/Lake Jackson, TX, Brazoria County,
delegated to me, under title 14, Code of
RNAV (GPS) RWY 35, Amdt 2
Federal Regulations, part 97 (14 CFR part
Arlington, TX, Arlington Muni, RNAV (GPS)
97) is amended by establishing,
RWY 34, Orig
amending, suspending, or revoking
Arlington, TX, Arlington Muni, VOR/DME
Standard Instrument Approach
RWY 34, Amdt 1
Procedures and Weather Takeoff
Arlington, TX, Arlington Muni, GPS RWY 34,
Minimums effective at 0901 UTC on the
Amdt 1A, CANCELLED
dates specified, as follows:
Arlington, TX, Arlington Muni, VOR/DME
RNAV RWY 34, Orig, CANCELLED
PART 97—STANDARD INSTRUMENT
Brownwood, TX, Brownwood Regional,
APPROACH PROCEDURES
RNAV (GPS) RWY 17, Amdt 1
Brownwood, TX, Brownwood Regional,
I 1. The authority citation for part 97
RNAV (GPS) RWY 35, Amdt 1
continues to read as follows:
Houston, TX, Sugar Land Rgnl, RNAV (GPS)
Authority: 49 U.S.C. 106(g), 40103, 40106,
RWY 17, Amdt 1
40113, 40114, 40120, 44502, 44514, 44701,
Houston, TX, Sugar Land Rgnl, RNAV (GPS)
44719, 44721–44722.
RWY 35, Amdt 1
Midland, TX, Midland Intl, RNAV (GPS)
I 2. Part 97 is amended to read as
RWY 28, Amdt 1
follows:
Tyler, TX, Tyler Pounds Regional, RNAV
(GPS) RWY 4, Amdt 1
* * * Effective 4 Aug 2005
Tyler, TX, Tyler Pounds Regional, RNAV
Springdale, AR, Springdale Muni, RNAV
(GPS) RWY 22, Amdt 1
(GPS) RWY 18, Amdt 1
Springdale, AR, Springdale Muni, RNAV
* * * Effective 1 Sep 2005
(GPS) RWY 36, Amdt 1
Coldfoot, AK, Coldfoot, RNAV (GPS)-A, Orig
Ulysses, KS, Ulysses, RNAV (GPS) RWY 17,
Coldfoot, AK, Coldfoot, RNAV (GPS) RWY 1,
Amdt 1
Orig
Ulysses, KS, Ulysses, RNAV (GPS) RWY 35,
Coldfoot, AK, Coldfoot, Takeoff Minimums
Amdt 1
and Textual Departure Procedures, Orig
Falls City, NE, Brenner Field, RNAV (GPS)
Shishmaref, AK, Shishmaref, RNAV (GPS)
RWY 32, Amdt 1
RWY 5, Orig
Kearney, NE, Kearney Muni, RNAV (GPS)
Shishmaref, AK, Shishmaref, RNAV (GPS)
RWY 18, Orig
RWY 23, Orig
Kearney, NE, Kearney Muni, RNAV (GPS)
Shishmaref, AK, Shishmaref, NDB RWY 5,
RWY 36, Amdt 1
Amdt 1
Norfolk, NE, Karl Stefan Memorial, RNAV
Shishmaref, AK, Shishmaref, NDB RWY 23,
(GPS) RWY 1, Amdt 1
Amdt 1
Norfolk, NE, Karl Stefan Memorial, RNAV
Atlanta, GA, Cobb County—Mc Collum Field,
(GPS) RWY 19, Amdt 1
VOR/DME RWY 9, Amdt 1A
North Platte, NE, North Platte Rgnl Airport
Meade, KS, Meade Muni, NDB RWY 17, Orig,
Lee Bird Field, RNAV (GPS) RWY 12, Orig
CANCELLED
North Platte, NE, North Platte Rgnl Airport
Middletown, NY, Randall, RNAV (GPS) RWY
Lee Bird Field, RNAV (GPS) RWY 30,
8, Orig
Amdt 1
Middletown, NY, Randall, RNAV (GPS) RWY
Scottsbluff, NE, Western Neb. Rgnl/William
26, Orig
B Heilig Field, RNAV (GPS) RWY 12, Orig
Norman, OK, University of Oklahoma
Scottsbluff, NE, Western Neb. Rgnl/William
Westheimer, NDB RWY 3, Orig
B Heilig Field, RNAV (GPS) RWY 30, Orig
Norman, OK, University of Oklahoma
Scottsbluff, NE, Western Neb. Rgnl/William
Westheimer, NDB RWY 35, Orig
B Heilig Field, NDB RWY 12, Amdt 8B
Norman, OK, University of Oklahoma
Scottsbluff, NE, Western Neb. Rgnl/William
Westheimer, NDB RWY 3, Amdt 5E,
B Heilig Field, GPS RWY 30, Orig,
CANCELLED
CANCELLED
Oklahoma City, OK, Will Rogers World, ILS
New York, NY, John F Kennedy Intl, RNAV
(GPS) RWY 4L, Amdt 1
OR LOC RWY 17L, Amdt 1
reason, the FAA certifies that this
amendment will not have a significant
economic impact on a substantial
number of small entities under the
criteria of the Regulatory Flexibility Act.
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12:58 Jul 08, 2005
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39653
* * * Effective 27 Oct 2005
Yuma, AZ, Yuma MCAS-Yuma Intl, VOR
RWY 17, Amdt 5A, CANCELLED
Yuma, AZ, Yuma MCAS-Yuma Intl, VOR/
DME OR TACAN–1 RWY 17, Amdt 1B,
CANCELLED
Yuma, AZ, Yuma MCAS-Yuma Intl, VOR/
DME RNAV RWY 21R, Amdt 4A,
CANCELLED
Yuma, AZ, Yuma MCAS-Yuma Intl, ILS RWY
21R, Amdt 5A, CANCELLED
Yuma, AZ, Yuma MCAS-Yuma Intl, GPS
RWY 17, Orig-B, CANCELLED
Yuma, AZ, Yuma MCAS-Yuma Intl, GPS
RWY 21R, Orig-A, CANCELLED
Yuma, AZ, Yuma MCAS-Yuma Intl, Takeoff
Minimums and Textual DP, Amdt 2
The FAA published an Amendment in
Docket No. 30449, Amdt No. 3125 to Part 97
of the Federal Aviation Regulations (Vol 70,
FR No.120, page 36336; dated June 23, 2005)
under section 97.33 effective 1 Sep 2005,
which is hereby rescinded:
Joplin, MO, Joplin Regional, NDB RWY 13,
Amdt 25
The FAA published several Amendments
in Docket No. 30449, Amdt No. 3125 to Part
97 of the Federal Aviation Regulations (Vol.
70, FR No. 120, page 36336; dated June 23,
2005) under sections 97.23; 97.29 and 97.33
effective 1 Sep 2005 which are hereby
corrected to be effective for 27 Oct 2005:
Yuma, AZ, Yuma MCAS-Yuma Intl, VOR
RWY 17, Amdt 5A, CANCELLED
Yuma, AZ, Yuma MCAS-Yuma Intl, VOR/
DME OR TACAN–1 RWY 17, Amdt 1B,
CANCELLED
Yuma, AZ, Yuma MCAS-Yuma Intl, VOR/
DME RNAV RWY 21R, Amdt 4A,
CANCELLED
Yuma, AZ, Yuma MCAS-Yuma Intl, ILS RWY
21R, Amdt 5A, CANCELLED
Yuma, AZ, Yuma MCAS-Yuma Intl, GPS
RWY 17, Orig-B, CANCELLED
Yuma, AZ, Yuma MCAS-Yuma Intl, GPS
RWY 21R, Orig-A, CANCELLED
Yuma, AZ, Yuma MCAS-Yuma Intl, Takeoff
Minimums and Textual DP, Amdt 2
[FR Doc. 05–13513 Filed 7–8–05; 8:45 am]
BILLING CODE 4910–13–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[TD 9207]
RIN 1545–AX93
Assumption of Partner Liabilities;
Correction
Internal Revenue Service (IRS),
Treasury.
ACTION: Correcting amendment.
AGENCY:
SUMMARY: This document corrects final
regulations (TD 9207) that were
published in the Federal Register on
Thursday, May 26, 2005 (70 FR 30334).
E:\FR\FM\11JYR1.SGM
11JYR1
39654
Federal Register / Vol. 70, No. 131 / Monday, July 11, 2005 / Rules and Regulations
The final regulation relates to the
definition of liabilities under section
752 of the Internal Revenue Code.
DATES: This correction is effective on
May 26, 2005.
FOR FURTHER INFORMATION CONTACT:
Laura Fields (202) 622–3050 (not a tollfree number).
SUPPLEMENTARY INFORMATION:
Background
The final regulations (TD 9207) that
are the subject of this correction are
under sections 358, 704, 705, 737 and
752 of the Internal Revenue Code.
Need for Correction
As published, TD 9207 contains an
error that may prove to be misleading
and is in need of clarification.
List of Subject in 26 CFR Part 1
Income taxes, Reporting and
recordkeeping requirements.
Correction of Publication
Accordingly, 26 CFR Part 1 is corrected
by making the following correcting
amendment:
I
PART 1—INCOME TAXES
Paragraph 1. The authority citation for
part 1 continues to read, in part, as
follows:
I
Authority: 26 U.S.C. 7805 * * *
In § 1.752–7(g)(5), paragraph (iii) of the
Example, the table is revised as follows:
I
§ 1.752–7 Partnership assumption of
partner’s § 1.752–7 liability on or after June
24, 2003.
*
*
*
*
*
(g) * * *
(5) Examples (i) * * *
(iii) * * *
DEPARTMENT OF HOMELAND
SECURITY
Coast Guard
33 CFR Part 100
[CGD05–05–074]
RIN 1625–AA08
Special Local Regulations for Marine
Events; Prospect Bay, Kent Island
Narrows, MD
Coast Guard, DHS.
Temporary final rule.
AGENCY:
ACTION:
SUMMARY: The Coast Guard is
establishing temporary special local
regulations during the ‘‘Thunder on the
Narrows’’ boat races, a marine event to
be held August 6 and August 7, 2005,
on the waters of Prospect Bay, near Kent
Island Narrows, Maryland. 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 portions of Prospect Bay
during the event.
DATES: This rule is effective from 10:30
a.m. on August 6, 2005, through 6:30
p.m. on August 8, 2005.
ADDRESSES: Documents indicated in this
preamble as being available in the
docket, are part of docket CGD05–05–
074 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:
Ronald Houck, Marine Events
Coordinator, Commander, Coast Guard
Sector Baltimore, at (410) 576–2674.
SUPPLEMENTARY INFORMATION:
Regulatory Information
We did not publish a notice of
proposed rulemaking (NPRM) for this
[In millions]
regulation. Under 5 U.S.C. 553(b)(B) the
1. Basis in Property 1 after distribution
$3 Coast Guard finds that good cause exists
2. Plus lesser of remaining built-in loss.
for not publishing an NPRM. Publishing
($2) or amount paid to satisfy lian NPRM would be contrary to public
ability ($1) ................................
1 interest. The event will begin on August
6, 2005. Because of the danger posed by
3. Basis in Property 1 after satisfaction
high-speed powerboats racing in a
of liability ...........................................
$4
closed circuit, special local regulations
are necessary to provide for the safety of
*
*
*
*
*
event participants, spectator craft and
Cynthia Grigsby,
other vessels transiting the event area.
Acting Chief, Publications and Regulations
For the safety concerns noted, it is in
Branch, Legal Processing Division Associate
the public interest to have these
Chief Counsel (Procedure and
regulations in effect during the event.
Administration).
Under 5 U.S.C. 553(d)(3), the Coast
[FR Doc. 05–13585 Filed 7–8–05; 8:45 am]
Guard finds that good cause exists for
BILLING CODE 4830–01–P
making this rule effective less than 30
B’S BASIS IN PROPERTY 1 AFTER
SATISFACTION OF LIABILITY
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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 in
Prospect Bay. However, advance
notifications will be made to affected
users of the river via marine information
broadcasts and area newspapers.
Background and Purpose
On August 6 and August 7, 2005, the
Kent Narrows Racing Association will
sponsor the ‘‘Thunder on the Narrows’’
powerboat races, on Prospect Bay, near
Kent Island Narrows, Maryland. The
event will consist of approximately 75
hydroplanes and jersey speed skiffs
racing in heats counter-clockwise
around an oval racecourse. A large fleet
of spectator vessels is anticipated. Due
to the need for vessel control during the
races, 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 Prospect Bay near
Kent Island Narrows, Maryland. The
temporary special local regulations will
be enforced from 10:30 a.m. to 6:30 p.m.
on August 6, and August 7, 2005. If the
races are postponed due to weather,
then the temporary special local
regulations will be enforced during the
same time period the next day. The
effect of the temporary special local
regulations will be to restrict general
navigation in the regulated area during
the races. Except for persons or vessels
authorized by the Coast Guard Patrol
Commander, no person or vessel may
enter or remain in the regulated area.
Non-participating vessels will be
allowed to transit the regulated area
between races, when the Coast Guard
Patrol Commander determines it is safe
to do so. These regulations are needed
to control vessel traffic during the event
to enhance the safety of participants,
spectators and transiting vessels.
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
Order. The Office of Management and
Budget has not reviewed it under that
Order. It is not ‘‘significant’’ under the
regulatory policies and procedures of
E:\FR\FM\11JYR1.SGM
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]]>Agencies
[Federal Register Volume 70, Number 131 (Monday, July 11, 2005)]
[Rules and Regulations]
[Pages 39653-39654]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-13585]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[TD 9207]
RIN 1545-AX93
Assumption of Partner Liabilities; Correction
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Correcting amendment.
-----------------------------------------------------------------------
SUMMARY: This document corrects final regulations (TD 9207) that were
published in the Federal Register on Thursday, May 26, 2005 (70 FR
30334).
[[Page 39654]]
The final regulation relates to the definition of liabilities under
section 752 of the Internal Revenue Code.
DATES: This correction is effective on May 26, 2005.
FOR FURTHER INFORMATION CONTACT: Laura Fields (202) 622-3050 (not a
toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The final regulations (TD 9207) that are the subject of this
correction are under sections 358, 704, 705, 737 and 752 of the
Internal Revenue Code.
Need for Correction
As published, TD 9207 contains an error that may prove to be
misleading and is in need of clarification.
List of Subject in 26 CFR Part 1
Income taxes, Reporting and recordkeeping requirements.
Correction of Publication
0
Accordingly, 26 CFR Part 1 is corrected by making the following
correcting amendment:
PART 1--INCOME TAXES
0
Paragraph 1. The authority citation for part 1 continues to read, in
part, as follows:
Authority: 26 U.S.C. 7805 * * *
0
In Sec. 1.752-7(g)(5), paragraph (iii) of the Example, the table is
revised as follows:
Sec. 1.752-7 Partnership assumption of partner's Sec. 1.752-7
liability on or after June 24, 2003.
* * * * *
(g) * * *
(5) Examples (i) * * *
(iii) * * *
B's Basis in Property 1 After Satisfaction of Liability
[In millions]
------------------------------------------------------------------------
------------------------------------------------------------------------
1. Basis in Property 1 after distribution........................ $3
2. Plus lesser of remaining built-in loss........................
($2) or amount paid to satisfy liability ($1)................ 1
------
3. Basis in Property 1 after satisfaction of liability........... $4
------------------------------------------------------------------------
* * * * *
Cynthia Grigsby,
Acting Chief, Publications and Regulations Branch, Legal Processing
Division Associate Chief Counsel (Procedure and Administration).
[FR Doc. 05-13585 Filed 7-8-05; 8:45 am]
BILLING CODE 4830-01-P
