Guidance Under Section 7874 for Determining Ownership by Former Shareholders or Partners of Domestic Entities; Hearing Cancellation, 20376 [E6-5923]

Download as PDF 20376 Federal Register / Vol. 71, No. 76 / Thursday, April 20, 2006 / Proposed Rules Authority: 49 U.S.C. 106(g), 40103, 40113, 40120; E.O. 10854, 24 FR 9565, 3 CFR, 1959– 1963 Comp., p. 389. § 71.1 [Amended] Paragraph 6007 Offshore Airspace Areas. * * * * Control 1485L [New] That airspace extending upward from 1,200 feet MSL within the area bounded by a line beginning at a point 12 miles offshore at lat. 68°00′00″ N.; to lat. 68°00′00″ N., long. 168°58′23″ W.; to lat. 72°00′00″ N., long. 158°00′00″ W.; to lat. 72°00′00″ N., long. 144°00′11″ W.; to lat. 75°00′00″ N., long. 141°00′00″ W.; to a point 12 miles offshore at long. 141°00′00″ W.; thence westward by a line 12 miles from and parallel to the shoreline to the point of beginning. * * * * * Paragraph 2003 Offshore Airspace Areas. * * * * * Control 1485H [Revised] That airspace extending upward from 18,000 feet to FL 600 within the area bounded by a line beginning at a point 12 miles offshore at lat. 68°00′00″ N.; to lat. 68°00′00″ N., long. 168°58′23″ W.; to lat. 72°00′00″ N., long. 158°00′00″ W.; to lat. 72°00′00″ N., long. 144°00′11″ W.; to lat. 75°00′00″ N., long. 141°00′00″ W.; to a point 12 miles offshore at long. 141°00′00″ W.; thence westward by a line 12 miles from and parallel to the shoreline to the point of beginning. * * * * * Issued in Washington, DC, on April 13, 2006. Ellen Crum, Acting Manager, Airspace and Rules. [FR Doc. E6–5908 Filed 4–19–06; 8:45 am] This document cancels a public hearing on proposed regulations relating to the disregard of affiliateowned stock in determining the percentage of stock of a foreign corporation held by former shareholders or partners of a domestic entity, in order to determine whether the foreign corporation is a surrogate foreign corporation under section 7874 of the Internal Revenue Code. DATES: The public hearing originally scheduled for April 27, 2006, at 10 a.m., is cancelled. FOR FURTHER INFORMATION CONTACT: Robin R. Jones of the Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration) at (202) 622–7180 (not a toll-free number). SUPPLEMENTARY INFORMATION: A notice of proposed rulemaking and notice of public hearing that appeared in the Federal Register on December 28, 2005 (70 FR 76732) announced that a public hearing was scheduled for April 27, 2006, at 10 a.m., in the IRS Auditorium, Internal Revenue Service, 1111 Constitution Avenue, NW., Washington, DC. The subject of the public hearing is under section 7874 of the Internal Revenue Code. The public comment period for these regulations expired on April 6, 2006. The notice of proposed rulemaking and notice of public hearing instructed those interested in testifying at the public hearing to submit a request to speak and an outline of the topics to be addressed. As of Friday, April 14, 2006, no one has requested to speak. Therefore, the public hearing scheduled for April 27, 2006, is cancelled. SUMMARY: The Coast Guard proposes to change the drawbridge operation regulation governing the operation of the Southport (SR27) Bridge, across Townsend Gut, at mile 0.7, between Boothbay Harbor and Southport, Maine. This proposed rule would change the regulation to require the Southport (SR27) Bridge to operate on a fixed opening schedule between April 29 and September 30, each year. This rule is expected to help relieve vehicular traffic delays during the summertime tourism season while continuing to meet both the current and anticipated needs of navigation. DATES: Comments and related material must reach the Coast Guard on or before May 22, 2006. ADDRESSES: You may mail comments and related material to Commander (dpb), First Coast Guard District Bridge Branch, One South Street, Battery Park Building, New York, New York, 10004, or deliver them to the same address between 7 a.m. and 3 p.m., Monday through Friday, except Federal holidays. The telephone number is (212) 668– 7165. The First Coast Guard District, Bridge Branch, maintains the public docket for this rulemaking. Comments and material received from the public, as well as documents indicated in this preamble as being available in the docket, will become part of this docket and will be available for inspection or copying at the First Coast Guard District, Bridge Branch, between 7 a.m. and 3 p.m., Monday through Friday, except Federal holidays. FOR FURTHER INFORMATION CONTACT: Mr. John McDonald, Project Officer, First Coast Guard District, (617) 223–8364. SUPPLEMENTARY INFORMATION: Guy R. Traynor, Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, (Procedure and Administration). [FR Doc. E6–5923 Filed 4–19–06; 8:45 am] BILLING CODE 4910–13–P BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service DEPARTMENT OF HOMELAND SECURITY 26 CFR Part 1 Coast Guard [REG–143244–05] 33 CFR Part 117 hsrobinson on PROD1PC61 with PROPOSALS RIN 1545–BE93 [CGD01–06–019] Guidance Under Section 7874 for Determining Ownership by Former Shareholders or Partners of Domestic Entities; Hearing Cancellation Internal Revenue Service (IRS), Treasury. AGENCY: VerDate Aug<31>2005 14:56 Apr 19, 2006 Jkt 208001 Notice of proposed rulemaking. ACTION: SUMMARY: 2. The incorporation by reference in 14 CFR 71.1 of the Federal Aviation Administration Order 7400.9N, Airspace Designations and Reporting Points, dated September 1, 2005, and effective September 15, 2005, is amended as follows: * Cancellation of notice of public hearing on proposed rulemaking. ACTION: RIN 1625–AA09 Drawbridge Operation Regulations; Townsend Gut, Booth Bay and Southport, ME AGENCY: PO 00000 Coast Guard, DHS. Frm 00027 Fmt 4702 Sfmt 4702 Request for Comments We encourage you to participate in this rulemaking by submitting comments and related material. If you do so, please include your name and address, identify the docket number for this rulemaking (CGD01–06–019), indicate the specific section of this document to which each comment applies, and give the reason for each comment. Please submit all comments and related material in an unbound format, no larger than 81⁄2 by 11 inches, suitable for copying. If you would like to know if they reached us, please enclose a stamped, self-addressed postcard or envelope. We will consider all comments and material received during the comment period. We may change this proposed rule in view of them. E:\FR\FM\20APP1.SGM 20APP1

Agencies

[Federal Register Volume 71, Number 76 (Thursday, April 20, 2006)]
[Proposed Rules]
[Page 20376]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-5923]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-143244-05]
RIN 1545-BE93


Guidance Under Section 7874 for Determining Ownership by Former 
Shareholders or Partners of Domestic Entities; Hearing Cancellation

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Cancellation of notice of public hearing on proposed 
rulemaking.

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SUMMARY: This document cancels a public hearing on proposed regulations 
relating to the disregard of affiliate-owned stock in determining the 
percentage of stock of a foreign corporation held by former 
shareholders or partners of a domestic entity, in order to determine 
whether the foreign corporation is a surrogate foreign corporation 
under section 7874 of the Internal Revenue Code.

DATES: The public hearing originally scheduled for April 27, 2006, at 
10 a.m., is cancelled.

FOR FURTHER INFORMATION CONTACT: Robin R. Jones of the Publications and 
Regulations Branch, Legal Processing Division, Associate Chief Counsel 
(Procedure and Administration) at (202) 622-7180 (not a toll-free 
number).

SUPPLEMENTARY INFORMATION: A notice of proposed rulemaking and notice 
of public hearing that appeared in the Federal Register on December 28, 
2005 (70 FR 76732) announced that a public hearing was scheduled for 
April 27, 2006, at 10 a.m., in the IRS Auditorium, Internal Revenue 
Service, 1111 Constitution Avenue, NW., Washington, DC. The subject of 
the public hearing is under section 7874 of the Internal Revenue Code. 
The public comment period for these regulations expired on April 6, 
2006.
    The notice of proposed rulemaking and notice of public hearing 
instructed those interested in testifying at the public hearing to 
submit a request to speak and an outline of the topics to be addressed. 
As of Friday, April 14, 2006, no one has requested to speak. Therefore, 
the public hearing scheduled for April 27, 2006, is cancelled.

Guy R. Traynor,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel, (Procedure and Administration).
[FR Doc. E6-5923 Filed 4-19-06; 8:45 am]
BILLING CODE 4830-01-P

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