Guidance Under Section 1502; Suspension of Losses on Certain Stock Dispositions; Correction, 33239 [E6-8890]

Download as PDF Federal Register / Vol. 71, No. 110 / Thursday, June 8, 2006 / Rules and Regulations request for an extension beyond the maximum duration of the initial 12month program must be submitted electronically in the Department of Homeland Security’s Student and Exchange Visitor Information System (SEVIS). Supporting documentation must be submitted to the Department on the sponsor’s organizational letterhead and contain the following information: (1) Au pair’s name, SEVIS identification number, date of birth, the length of the extension period being requested; (2) Verification that the au pair completed the educational requirements of the initial program; and (3) Payment of the required nonrefundable fee (see 22 CFR 62.90) via Pay.gov. (p) Repeat Participation. Exchange visitors who have participated in the Au Pair Program are not eligible for repeat participation. Dated: June 2, 2006. Stanley S. Colvin, Director, Office of Exchange Coordination and Designation, Bureau of Educational and Cultural Affairs, Department of State. [FR Doc. E6–8958 Filed 6–7–06; 8:45 am] Background Background on Viticultural Areas The final regulations (TD 9254) that are the subject of this correction are under section 1502 of the Internal Revenue Code. TTB Authority Need for Correction As published, final regulations (TD 9254) contains an error that may prove to be misleading and is in need of clarification. Correction of Publication Accordingly, the final regulations (TD 9254) which was the subject of FR Doc. 06–2411, is corrected as follows: On page 13009, column 2, in the preamble, under the paragraph heading ‘‘Special Analyses’’, line 4 from the bottom of the paragraph, the language ‘‘these regulations was submitted to the’’ is corrected to read ‘‘these regulations were submitted to the’’. Guy R. Traynor, Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, (Procedure and Administration). [FR Doc. E6–8890 Filed 6–7–06; 8:45 am] BILLING CODE 4830–01–P BILLING CODE 4710–05–P DEPARTMENT OF THE TREASURY Alcohol and Tobacco Tax and Trade Bureau DEPARTMENT OF THE TREASURY Internal Revenue Service 27 CFR Part 9 26 CFR Part 1 [T.D. TTB–46; Re: Notice No. 45] [TD 9254] RIN 1545–BB25 RIN: 1513–AB02 Guidance Under Section 1502; Suspension of Losses on Certain Stock Dispositions; Correction Establishment of the San Antonio Valley Viticultural Area (2004R–599P) This document contains corrections to final regulations that were published in the Federal Register on Tuesday, March 14, 2006 (71 FR 13008). The regulations apply when a member of a consolidated group transfers subsidiary stock at a loss. They also apply when a member holds loss shares of subsidiary stock and the subsidiary ceases to be a member of the group. DATES: This correction is effective March 14, 2006. FOR FURTHER INFORMATION CONTACT: Theresa Abell (202) 622–7700 or Martin Huck (202) 622–7750 (not toll-free numbers). cprice-sewell on PROD1PC66 with RULES SUMMARY: SUPPLEMENTARY INFORMATION: VerDate Aug<31>2005 15:35 Jun 07, 2006 Jkt 208001 Alcohol and Tobacco Tax and Trade Bureau, Treasury. ACTION: Final rule; Treasury decision. AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Correction to final regulations. AGENCY: 33239 SUMMARY: This Treasury decision establishes the San Antonio Valley viticultural area in southwestern Monterey County, California, within the existing Central Coast viticultural area. We designate viticultural areas to allow vintners to better describe the origin of their wines and to allow consumers to better identify wines they may purchase. DATES: Effective Date: July 10, 2006. FOR FURTHER INFORMATION CONTACT: Jennifer Berry, Alcohol and Tobacco Tax and Trade Bureau, Regulations and Rulings Division, P.O. Box 18152, Roanoke, VA 24014; telephone 540– 344–9333. SUPPLEMENTARY INFORMATION: PO 00000 Frm 00093 Fmt 4700 Sfmt 4700 Section 105(e) of the Federal Alcohol Administration Act (the FAA Act, 27 U.S.C. 201 et seq.) requires that alcohol beverage labels provide consumers with adequate information regarding product identity and prohibits the use of misleading information on such labels. The FAA Act also authorizes the Secretary of the Treasury to issue regulations to carry out its provisions. The Alcohol and Tobacco Tax and Trade Bureau (TTB) administers these regulations. Part 4 of the TTB regulations (27 CFR part 4) allows the establishment of definitive viticultural areas and the use of their names as appellations of origin on wine labels and in wine advertisements. Part 9 of the TTB regulations (27 CFR part 9) contains the list of approved viticultural areas. Definition Section 4.25(e)(1)(i) of the TTB regulations (27 CFR 4.25(e)(1)(i)) defines a viticultural area for American wine as a delimited grape-growing region distinguishable by geographical features, the boundaries of which have been recognized and defined in part 9 of the regulations. These designations allow vintners and consumers to attribute a given quality, reputation, or other characteristic of a wine made from grapes grown in an area to its geographical origin. The establishment of viticultural areas allows vintners to describe more accurately the origin of their wines to consumers and helps consumers to identify wines they may purchase. Establishment of a viticultural area is neither an approval nor an endorsement by TTB of the wine produced in that area. Requirements Section 4.25(e)(2) of the TTB regulations outlines the procedure for proposing an American viticultural area and provides that any interested party may petition TTB to establish a grapegrowing region as a viticultural area. Section 9.3(b) of the TTB regulations requires the petition to include— • Evidence that the proposed viticultural area is locally and/or nationally known by the name specified in the petition; • Historical or current evidence that supports setting the boundary of the proposed viticultural area as the petition specifies; • Evidence relating to the geographical features, such as climate, soils, elevation, and physical features, E:\FR\FM\08JNR1.SGM 08JNR1

Agencies

[Federal Register Volume 71, Number 110 (Thursday, June 8, 2006)]
[Rules and Regulations]
[Page 33239]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-8890]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9254]
RIN 1545-BB25


Guidance Under Section 1502; Suspension of Losses on Certain 
Stock Dispositions; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to final regulations.

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SUMMARY: This document contains corrections to final regulations that 
were published in the Federal Register on Tuesday, March 14, 2006 (71 
FR 13008). The regulations apply when a member of a consolidated group 
transfers subsidiary stock at a loss. They also apply when a member 
holds loss shares of subsidiary stock and the subsidiary ceases to be a 
member of the group.

DATES: This correction is effective March 14, 2006.

FOR FURTHER INFORMATION CONTACT: Theresa Abell (202) 622-7700 or Martin 
Huck (202) 622-7750 (not toll-free numbers).

SUPPLEMENTARY INFORMATION:

Background

    The final regulations (TD 9254) that are the subject of this 
correction are under section 1502 of the Internal Revenue Code.

Need for Correction

    As published, final regulations (TD 9254) contains an error that 
may prove to be misleading and is in need of clarification.

Correction of Publication

    Accordingly, the final regulations (TD 9254) which was the subject 
of FR Doc. 06-2411, is corrected as follows:
    On page 13009, column 2, in the preamble, under the paragraph 
heading ``Special Analyses'', line 4 from the bottom of the paragraph, 
the language ``these regulations was submitted to the'' is corrected to 
read ``these regulations were submitted to the''.

Guy R. Traynor,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel, (Procedure and Administration).
[FR Doc. E6-8890 Filed 6-7-06; 8:45 am]
BILLING CODE 4830-01-P

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