Agent for a Consolidated Group With Foreign Common Parent, 13062-13063 [06-2437]

Download as PDF 13062 Federal Register / Vol. 71, No. 49 / Tuesday, March 14, 2006 / Proposed Rules Applicability (c) This AD applies to Boeing Model 747– 400 and 747–400D series airplanes, certificated in any category; as identified in Boeing Special Attention Service Bulletin 747–25–3371, dated July 28, 2005; equipped with center overhead stowage bins. Unsafe Condition (d) This AD results from a report that a manufacturer tension test demonstrated that the capability to meet emergency landing load requirements was lower than predicted for some existing tie rods in the support structure of the center overhead stowage bins on certain Model 747–400 airplanes. We are issuing this AD to prevent disintegration or detachment of the center overhead stowage bins during an extreme forward load event, which could cause injury to passengers and hinder evacuation procedures. Compliance (e) You are responsible for having the actions required by this AD performed within the compliance times specified, unless the actions have already been done. Replace Tie Rods (f) Within 60 months after the effective date of this AD, replace specified tie rods of the center overhead stowage bins with new, improved tie rods that meet emergency landing load requirements, in accordance with the Accomplishment Instructions of Boeing Special Attention Service Bulletin 747–25–3371, dated July 28, 2005. Alternative Methods of Compliance (AMOCs) (g)(1) The Manager, Seattle Aircraft Certification Office (ACO), FAA, has the authority to approve AMOCs for this AD, if requested in accordance with the procedures found in 14 CFR 39.19. (2) Before using any AMOC approved in accordance with § 39.19 on any airplane to which the AMOC applies, notify the appropriate principal inspector in the FAA Flight Standards Certificate Holding District Office. Issued in Renton, Washington, on March 3, 2006. Kalene C. Yanamura, Acting Manager, Transport Airplane Directorate, Aircraft Certification Service. [FR Doc. E6–3560 Filed 3–13–06; 8:45 am] DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Part 1 wwhite on PROD1PC65 with PROPOSAL [REG–164247–05] RIN 1545–BF30 Agent for a Consolidated Group With Foreign Common Parent Internal Revenue Service (IRS), Treasury. VerDate Aug<31>2005 16:21 Mar 13, 2006 Jkt 208001 SUMMARY: In the Rules and Regulations section of this issue of the Federal Register, the IRS is issuing regulations that provide the IRS with the authority to designate a domestic member of the consolidated group as a substitute agent to act as the sole agent for the group where a foreign entity is the common parent. These regulations affect corporations that join in the filing of a consolidated Federal income tax return where the common parent of the consolidated group is treated as a domestic corporation pursuant to section 7874(b) of the Internal Revenue Code (Code) or as a result of a section 953(d) election. The text of the temporary regulations also serves as the text of these proposed regulations. DATES: Written or electronic comments, and a request for a public hearing, must be received by June 12, 2006. ADDRESSES: Send submissions to: CC:PA:LPD:PR (REG–164247–05), 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–164247– 05), Courier’s Desk, Internal Revenue Service, 1111 Constitution Avenue, NW., Washington, DC, or sent electronically, via the IRS Internet site at https://www.irs.gov/regs or via the Federal eRulemaking Portal at https:// www.regulations.gov (IRS–REG– 164247–05). FOR FURTHER INFORMATION CONTACT: Concerning the proposed regulations, Stephen R. Cleary, (202) 622–7750, concerning submissions of comments, Kelly Banks, (202) 622–7180 (not tollfree numbers). SUPPLEMENTARY INFORMATION: Background and Explanation of Provisions Temporary Regulations in the Rules and Regulations section of this issue of the Federal Register amends 26 CFR part 1 relating to section 1502. The temporary regulations add § 1.1502– 77T. The text of those temporary regulations also serves as the text of these proposed regulations. The preamble to the temporary regulations explains the amendments. BILLING CODE 4910–13–P AGENCY: Notice of proposed rulemaking by cross-reference to temporary regulations. ACTION: Special Analysis It has been determined that this proposed regulation is not a significant regulatory action as defined in Executive Order 12866. Therefore, a PO 00000 Frm 00023 Fmt 4702 Sfmt 4702 regulatory assessment is not required. It is hereby certified that this proposed regulation will not have a significant economic impact on a substantial number of small entities. This certification is based on the fact that the regulation merely grants authority to the IRS to change the agent for the consolidated group, that members of consolidated groups are generally large corporations rather than small businesses, and few small businesses are likely to be members of a consolidated group with a foreign common parent as a result of a transaction subject to section 7874 or a section 953(d) election. Therefore, a regulatory flexibility analysis is not required. Pursuant to section 7805(f) of the Code, these proposed regulations have been submitted to the Chief Counsel for Advocacy of the Small Business Administration for comment on their 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 electronic comments that are submitted timely to the IRS. The IRS and Treasury Department specifically request comments on the clarity of the proposed rules and how they 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 any person that timely submits written comments. If a public hearing is scheduled, notice of the date, time, and place for the public hearing will be published in the Federal Register. Drafting Information The principal author of these regulations is Stephen R. Cleary of the Office of Associate Chief Counsel (Corporate). Other personnel from the Treasury Department and the IRS 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: E:\FR\FM\14MRP1.SGM 14MRP1 Federal Register / Vol. 71, No. 49 / Tuesday, March 14, 2006 / Proposed Rules Authority: 26 U.S.C. 7805 * * * Par. 2. Section 1.1502–77 is amended by adding paragraph (j) to read as follows: § 1.1502–77 Agent for the group. * * * * * (j) [The text of the proposed amendment to § 1.1502–77(j) is the same as the text of § 1.1502–77T(j) published elsewhere in this issue of the Federal Register.] Mark E. Matthews, Deputy Commissioner for Services and Enforcement. [FR Doc. 06–2437 Filed 3–9–06; 4:15 pm] BILLING CODE 4830–01–P ENVIRONMENTAL PROTECTION AGENCY 40 CFR Parts 52 and 81 [EPA–R09–OAR–2006–0041; FRL–8045–2] Approval and Promulgation of Implementation Plans; Designation of Areas for Air Quality Planning Purposes; State of Arizona; Particulate Matter of 10 Microns or Less; Finding of Attainment for Yuma Nonattainment Area; Determination Regarding Applicability of Certain Clean Air Act Requirements Environmental Protection Agency (EPA). ACTION: Proposed rule. wwhite on PROD1PC65 with PROPOSAL AGENCY: SUMMARY: EPA is proposing, under the Clean Air Act, to determine that the Yuma nonattainment area in Arizona has attained the National Ambient Air Quality Standards (NAAQS) for particulate matter with an aerodynamic diameter less than or equal to a nominal 10 micrometers (PM10). This proposed determination is based upon monitored air quality data for the PM10 NAAQS during the years 1998–2000. EPA is also proposing to find that the Yuma area is currently in attainment of the PM10 NAAQS, and based on this finding, EPA is proposing to determine that certain Clean Air Act requirements are not applicable for so long as the Yuma area continues to attain the PM10 NAAQS. DATES: Any comments on this proposal must arrive by April 13, 2006. ADDRESSES: Submit comments, identified by docket number EPA–R09– OAR–2006–0041, by one of the following methods: (1) Federal eRulemaking portal: https://www.regulations.gov. Follow the on-line instructions. (2) E-mail: rosen.rebecca@epa.gov. VerDate Aug<31>2005 16:21 Mar 13, 2006 Jkt 208001 (3) Mail or deliver: Rebecca Rosen (AIR–2), U.S. Environmental Protection Agency Region IX, 75 Hawthorne Street, San Francisco, CA 94105–3901. Instructions: All comments will be included in the public docket without change and may be made available online at https://www.regulations.gov, including any personal information provided, unless the comment includes Confidential Business Information (CBI) or other information whose disclosure is restricted by statute. Information that you consider CBI or otherwise protected should be clearly identified as such and should not be submitted through the https://www.regulations.gov or e-mail. https://www.regulations.gov is an ‘‘anonymous access’’ system, and EPA will not know your identity or contact information unless you provide it in the body of your comment. If you send email directly to EPA, your e-mail address will be automatically captured and included as part of the public comment. If EPA cannot read your comment due to technical difficulties and cannot contact you for clarification, EPA may not be able to consider your comment. Docket: The index to the docket for this action is available electronically at https://www.regulations.gov and in hard copy at EPA Region IX, 75 Hawthorne Street, San Francisco, California. While all documents in the docket are listed in the index, some information may be publicly available only at the hard copy location (e.g., copyrighted material), and some may not be publicly available in either location (e.g., CBI). To inspect the hard copy materials, please schedule an appointment during normal business hours with the contact listed in the FOR FURTHER INFORMATION CONTACT section. FOR FURTHER INFORMATION CONTACT: Rebecca Rosen, EPA Region IX, (415) 947–4152, rosen.rebecca@epa.gov. This proposal addresses the determination that the Yuma nonattainment area in Arizona has attained the NAAQS for particulate matter with an aerodynamic diameter less than or equal to a nominal 10 micrometers (PM10). This determination is based upon monitored air quality data for PM10 during the years 1998–2000. EPA also proposes to find that the Yuma area is currently attaining the standard, and based on this finding, EPA is proposing to determine that certain requirements that otherwise apply under the Clean Air Act to moderate PM10 nonattainment areas, such as the Yuma area, are not applicable for so long as the area continues to attain the PM10 NAAQS. SUPPLEMENTARY INFORMATION: PO 00000 Frm 00024 Fmt 4702 Sfmt 4702 13063 In the Rules and Regulations section of this Federal Register, we are taking direct final action to make these determinations because we believe this action is not controversial. If we receive adverse comments, however, we will publish a timely withdrawal of the direct final rule and address the comments in subsequent action based on this proposed rule. We do not plan to open a second comment period, so anyone interested in commenting should do so at this time. If we do not receive comments, no further activity is planned. For further information on this proposal and the rationale underlying our proposed action, please see the direct final action. Dated: March 1, 2006. Wayne Nastri, Regional Administrator, Region IX. [FR Doc. 06–2429 Filed 3–13–06; 8:45 am] BILLING CODE 6560–50–P GENERAL SERVICES ADMINISTRATION 41 CFR Part 102–118 [FMR Case 2005–102–5] RIN: 3090–AI14 Federal Management Regulation; Transportation Payment and Audit— Use of SF 1113, Public Voucher for Transportation Charges Office of Governmentwide Policy, General Services Administration (GSA). ACTION: Proposed rule. AGENCY: SUMMARY: The General Services Administration proposes to amend the Federal Management Regulation (FMR) to discontinue use of the hard copy, paper construction of Standard Form (SF) 1113, Public Voucher for Transportation Charges, and its memorandum copy, SF 1113–A. Agencies are required to use electronic commerce for receiving bills and paying for transportation and transportation services. By using electronic commerce, the SF 1113 is not needed and is not essential for the transportation service provider to get paid. The FMR and any corresponding documents may be accessed at GSA’s website at https:// www.gsa.gov/fmr. DATES: Comment Date: Comments must be received by May 15, 2006. ADDRESSES: Submit comments identified by FMR case 2005–102–5 by any of the following methods: • Federal eRulemaking Portal: https:// www.regulations.gov. Follow the instructions for submitting comments. E:\FR\FM\14MRP1.SGM 14MRP1

Agencies

[Federal Register Volume 71, Number 49 (Tuesday, March 14, 2006)]
[Proposed Rules]
[Pages 13062-13063]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 06-2437]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-164247-05]
RIN 1545-BF30


Agent for a Consolidated Group With Foreign Common Parent

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 regulations that provide the IRS 
with the authority to designate a domestic member of the consolidated 
group as a substitute agent to act as the sole agent for the group 
where a foreign entity is the common parent. These regulations affect 
corporations that join in the filing of a consolidated Federal income 
tax return where the common parent of the consolidated group is treated 
as a domestic corporation pursuant to section 7874(b) of the Internal 
Revenue Code (Code) or as a result of a section 953(d) election. The 
text of the temporary regulations also serves as the text of these 
proposed regulations.

DATES: Written or electronic comments, and a request for a public 
hearing, must be received by June 12, 2006.

ADDRESSES: Send submissions to: CC:PA:LPD:PR (REG-164247-05), 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-
164247-05), Courier's Desk, Internal Revenue Service, 1111 Constitution 
Avenue, NW., Washington, DC, or sent electronically, via the IRS 
Internet site at https://www.irs.gov/regs or via the Federal eRulemaking 
Portal at https://www.regulations.gov (IRS-REG-164247-05).

FOR FURTHER INFORMATION CONTACT: Concerning the proposed regulations, 
Stephen R. Cleary, (202) 622-7750, concerning submissions of comments, 
Kelly Banks, (202) 622-7180 (not toll-free numbers).

SUPPLEMENTARY INFORMATION:

Background and Explanation of Provisions

    Temporary Regulations in the Rules and Regulations section of this 
issue of the Federal Register amends 26 CFR part 1 relating to section 
1502. The temporary regulations add Sec.  1.1502-77T. The text of those 
temporary regulations also serves as the text of these proposed 
regulations. The preamble to the temporary regulations explains the 
amendments.

Special Analysis

    It has been determined that this proposed regulation is not a 
significant regulatory action as defined in Executive Order 12866. 
Therefore, a regulatory assessment is not required. It is hereby 
certified that this proposed regulation will not have a significant 
economic impact on a substantial number of small entities. This 
certification is based on the fact that the regulation merely grants 
authority to the IRS to change the agent for the consolidated group, 
that members of consolidated groups are generally large corporations 
rather than small businesses, and few small businesses are likely to be 
members of a consolidated group with a foreign common parent as a 
result of a transaction subject to section 7874 or a section 953(d) 
election. Therefore, a regulatory flexibility analysis is not required. 
Pursuant to section 7805(f) of the Code, these proposed regulations 
have been submitted to the Chief Counsel for Advocacy of the Small 
Business Administration for comment on their 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 electronic comments that are submitted timely 
to the IRS. The IRS and Treasury Department specifically request 
comments on the clarity of the proposed rules and how they 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 any person that timely submits written comments. If a 
public hearing is scheduled, notice of the date, time, and place for 
the public hearing will be published in the Federal Register.

Drafting Information

    The principal author of these regulations is Stephen R. Cleary of 
the Office of Associate Chief Counsel (Corporate). Other personnel from 
the Treasury Department and the IRS 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:


[[Page 13063]]


    Authority: 26 U.S.C. 7805 * * *

    Par. 2. Section 1.1502-77 is amended by adding paragraph (j) to 
read as follows:


Sec.  1.1502-77  Agent for the group.

* * * * *
    (j) [The text of the proposed amendment to Sec.  1.1502-77(j) is 
the same as the text of Sec.  1.1502-77T(j) published elsewhere in this 
issue of the Federal Register.]

Mark E. Matthews,
Deputy Commissioner for Services and Enforcement.
[FR Doc. 06-2437 Filed 3-9-06; 4:15 pm]
BILLING CODE 4830-01-P
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