Excise Taxes; Definition of Highway Vehicle, 47160 [05-15959]
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47160
Federal Register / Vol. 70, No. 155 / Friday, August 12, 2005 / Proposed Rules
(B) Utilization test. In 2007, the plan
sponsor of Plan G, after reviewing
participants’ benefit elections, determines
that no participant in the 2 prior plan years
(2005 and 2006) elected a 5-year term certain
and life annuity with a social security
leveling option. During the 2 prior plan
years, Plan G has made the 5-year term
certain and life annuity with a social security
leveling option available to 142 participants
who were at least age 55 and who elected an
optional form of benefit with an annuity
commencement date during that 2-year
period. In addition, during 2005–06 plan
years, 20 of the 142 participants elected a
single-sum distribution and there was no
retirement-type subsidy available for a
limited period of time. Plan G, in accordance
with paragraph (f)(1) of this section, is
amended on September 1, 2007, effective as
of January 1, 2008, to eliminate all 5-year
term certain and life annuities with a social
security leveling option for all annuity
commencement dates on or after January 1,
2008.
(ii) Conclusion. The amendment satisfies
the requirements of paragraph (f) of this
section. First, the 5-year term certain and life
annuity with a social security leveling option
is not a core option as defined in paragraph
(g)(5) of this section. Second, the plan
amendment is not applicable with respect to
an optional form of benefit with an annuity
commencement date that is earlier than the
number of days in the maximum QJSA
explanation period after the date the
amendment is adopted. Third, the 5-year
term certain and life annuity with a social
security leveling option has been available to
at least 100 participants who are taken into
account for purposes of paragraph (f)(4) of
this section during the look-back period of
2005 and 2006. Fourth, during that period,
no participant elected any optional form that
is part of the generalized optional form being
eliminated (i.e., the 5-year term and life
annuity with a social security leveling
option).
*
*
*
*
*
(j) * * *
(3) Effective date for rules relating to
section 411(a) nonforfeitability
provisions. The rules provided in
paragraph (a)(3) of this section are
effective June 7, 2004.
(4) Effective date for rules relating to
utilization test. The rules provided in
paragraph (f) of this section are effective
for amendments adopted after December
31, 2006.
*
*
*
*
*
Mark E. Matthews,
Deputy Commissioner for Services and
Enforcement.
[FR Doc. 05–15960 Filed 8–11–05; 8:45 am]
BILLING CODE 4830–01–P
VerDate jul<14>2003
12:47 Aug 11, 2005
Jkt 205001
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Mark E. Matthews,
Deputy Commissioner for Services and
Enforcement.
[FR Doc. 05–15959 Filed 8–11–05; 8:45 am]
26 CFR Parts 41, 48 and 145
[REG–103829–99]
BILLING CODE 4830–01–P
RIN 1545–AX10
Excise Taxes; Definition of Highway
Vehicle
Internal Revenue Service (IRS),
Treasury.
ACTION: Withdrawal of notice of
proposed rulemaking.
AGENCY:
This document withdraws a
proposed regulation relating to the
definition of a highway vehicle for
purposes of various excise taxes. The
withdrawal affects vehicle
manufacturers, dealers, and lessors; tire
manufacturers; sellers and buyers of
certain motor fuels; and operators of
heavy highway vehicles.
FOR FURTHER INFORMATION CONTACT:
Barbara Franklin, (202) 662–3130 (not a
toll-free number).
SUPPLEMENTARY INFORMATION:
SUMMARY:
Background
On June 6, 2002, a notice of proposed
rulemaking was published in the
Federal Register (67 FR 38913). A
public hearing was held on February 27,
2003. This notice of proposed
rulemaking proposed amending the
definition of ‘‘highway vehicle’’ for
purposes of the Highway Use Tax
Regulations (26 CFR part 41), the
Manufacturers and Retailers Excise Tax
Regulations (26 CFR part 48), and the
Temporary Excise Tax Regulations
Under the Highway Revenue Act of
1982 (Pub. L. 97–424) (26 CFR part 145).
Sections 851 and 852 of the American
Jobs Creation Act of 2004 (Pub. L. 108–
357) addressed the issues raised in the
proposed regulation. Thus, the proposed
regulation is unnecessary.
List of Subjects
26 CFR Part 41
Excise taxes, Motor Vehicles,
Reporting and recordkeeping
requirements.
26 CFR Parts 48 and 145
Excise taxes, Reporting and
recordkeeping requirements.
Withdrawal of Notice of Proposed
Rulemaking
Accordingly, under the authority of
26 U.S.C. 7805, the notice of proposed
rulemaking (REG–103829–99) that was
published in the Federal Register on
PO 00000
Frm 00023
Fmt 4702
June 6, 2002 (67 FR 38913), is
withdrawn.
Sfmt 4702
DEPARTMENT OF HOMELAND
SECURITY
Coast Guard
33 CFR Part 100
[CGD05–05–020]
RIN 1625–AA08
Special Local Regulations for Marine
Events; Piankatank River, Gloucester
County, VA
Coast Guard, DHS.
Notice of proposed rulemaking;
withdrawal.
AGENCY:
ACTION:
SUMMARY: The Coast Guard is
withdrawing its notice of proposed
rulemaking concerning the ‘‘2005
Piankatank River Race’’. Pursuant to 33
CFR 100.25, the marine event permit
application for a powerboat race to be
held on the Piankatank River in Virginia
on July 23, 2005 was disapproved.
DATES: The notice of proposed
rulemaking is withdrawn on August 12,
2005.
FOR FURTHER INFORMATION CONTACT:
Dennis Sens, Project Manager, Auxiliary
and Recreational Boating Safety Branch,
at (757) 398–6204.
SUPPLEMENTARY INFORMATION:
Background
On March 29, 2005, we published a
notice of proposed rulemaking entitled
‘‘Special Local Regulations for Marine
Events; Piankatank River, Gloucester
County, VA’’ in the Federal Register (70
FR 15788). The rulemaking concerned a
proposal to establish special local
regulations during the ‘‘2005 Piankatank
River Race’’, a marine event to be held
over the waters of the Piankatank River
in Gloucester County, Virginia. Special
local regulations are necessary to
provide for the safety of life on
navigable waters during the event.
Withdrawal
We have decided to withdraw this
project after safety and environmental
review. All comments and documents
received in this docket will be available
for use in future rulemakings.
This action is taken under the
authority of 33 U.S.C. 1233; Department
E:\FR\FM\12AUP1.SGM
12AUP1
]]>Agencies
[Federal Register Volume 70, Number 155 (Friday, August 12, 2005)]
[Proposed Rules]
[Page 47160]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-15959]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Parts 41, 48 and 145
[REG-103829-99]
RIN 1545-AX10
Excise Taxes; Definition of Highway Vehicle
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Withdrawal of notice of proposed rulemaking.
-----------------------------------------------------------------------
SUMMARY: This document withdraws a proposed regulation relating to the
definition of a highway vehicle for purposes of various excise taxes.
The withdrawal affects vehicle manufacturers, dealers, and lessors;
tire manufacturers; sellers and buyers of certain motor fuels; and
operators of heavy highway vehicles.
FOR FURTHER INFORMATION CONTACT: Barbara Franklin, (202) 662-3130 (not
a toll-free number).
SUPPLEMENTARY INFORMATION:
Background
On June 6, 2002, a notice of proposed rulemaking was published in
the Federal Register (67 FR 38913). A public hearing was held on
February 27, 2003. This notice of proposed rulemaking proposed amending
the definition of ``highway vehicle'' for purposes of the Highway Use
Tax Regulations (26 CFR part 41), the Manufacturers and Retailers
Excise Tax Regulations (26 CFR part 48), and the Temporary Excise Tax
Regulations Under the Highway Revenue Act of 1982 (Pub. L. 97-424) (26
CFR part 145).
Sections 851 and 852 of the American Jobs Creation Act of 2004
(Pub. L. 108-357) addressed the issues raised in the proposed
regulation. Thus, the proposed regulation is unnecessary.
List of Subjects
26 CFR Part 41
Excise taxes, Motor Vehicles, Reporting and recordkeeping
requirements.
26 CFR Parts 48 and 145
Excise taxes, Reporting and recordkeeping requirements.
Withdrawal of Notice of Proposed Rulemaking
Accordingly, under the authority of 26 U.S.C. 7805, the notice of
proposed rulemaking (REG-103829-99) that was published in the Federal
Register on June 6, 2002 (67 FR 38913), is withdrawn.
Mark E. Matthews,
Deputy Commissioner for Services and Enforcement.
[FR Doc. 05-15959 Filed 8-11-05; 8:45 am]
BILLING CODE 4830-01-P
