Railroad Track Maintenance Credit, 53052-53054 [E6-14856]
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53052
Federal Register / Vol. 71, No. 174 / Friday, September 8, 2006 / Proposed Rules
the United States as either ‘‘in quota’’ or
‘‘out of quota’’ sugar is, clearly, not
domestically produced and hence, not
subject to these provisions.
Conversely, sugar derived from
imported sugar beets is subject to such
restrictions. This differentiation in
treatment is required by section
359b(b)(1) of the 1938 Act which
provides, in part, that: ‘‘By the
beginning of each crop year, the
Secretary shall establish for that crop
year appropriate allotments under
section 359c for the marketing by
processors of sugar processed from
sugar beets and from domestically
produced sugarcane * * *’’ 7 U.S.C.
1359bb(b)(1).
Taking into consideration the
provisions of section 359b(b)(1), there is
no basis, in the view of USDA, to
subject sugar derived from imported
cane syrup or molasses to the domestic
sugar allotment provisions of that Act.
Thus, although both imported sugarcane
and sugar beet intermediary products
are circumventing strict Federal
regulatory control, the law gives USDA
no discretion to regulate the imported
cane intermediary products, cane syrup,
and molasses.
With respect to sugar beets, CCC is
currently administering this provision
by treating the first sale of domestically
produced thick juice as the point of the
first marketing of sugar that is contained
in this product. Accordingly, a U.S.
entity that processes sugar beets to a
point that thick juice is produced but
elects to stop further processing of that
product into refined sugar and, instead,
sells that product to another entity has
marketed sugar for the purposes of
administering the domestic allotment
provisions of the 1938 Act. Thus, this
marketing is charged against the
processor’s allocation.
Similarly, CCC has viewed the first
sale of sugar that is contained in thick
juice produced by a Canadian processor
as occurring when the product is sold in
Canada to a buyer. To the extent that
such product is further refined in
Canada or in the United States, this
thick juice, or the refined sugar made
from it, has not been subject to
provisions of the 1938 Act.
A portion of the domestic sugar
industry has requested that CCC make
the marketing of sugar produced from
imported thick juice subject to the
provisions of the 1938 Act that restrict
the marketings of sugar by sugar beet
processors. These interests make two
arguments to support their position that
such marketings of sugar derived from
imported thick juice should be counted
against an individual processor’s
marketing allocation: (1) Sugar
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produced from imported sugar beets is
charged against a processor’s allocation,
and (2) the sale of domesticallyproduced thick juice is charged against
a processor’s allocation.
Before proceeding to consideration of
whether this proposal should be
adopted, as adoption of this proposal
will affect not only those entities who
are currently importing thick juice into
the United States but also all entities
subject to marketing allotments, CCC is
seeking information from interested
parties on their views of the impacts of
such action. CCC specifically seeks the
views of these parties on the following
issues:
1. Imported ‘‘thick juice’’ is a source
of sugar in the United States and, thus,
CCC reduces the Overall Allotment
Quantity (OAQ) determined under the
1938 Act to account for this supply. If
such imports were curtailed in total,
CCC would increase the OAQ and
divide the OAQ between the sugarcane
and sugar beet sectors as provided in
that Act; sugarcane processors, in
aggregate, would receive 45.65 percent
of this increase and sugar beet
processors 54.35 percent. Is this a
desirable result?
2. Is it equitable to regulate the sale
of sugar derived from imported sugar
beet thick juice, when USDA is
prohibited, by statute, from regulating
the sale of refined sugar derived from its
cane counterparts, cane syrup, and cane
molasses?
3. As opposed to a total curtailment
of the importation of ‘‘thick juice,’’ CCC
believes that it is more likely that any
entity that is currently engaged in such
imports and further processing will
avail themselves of the provisions of the
1938 Act that allow a new entrant to the
market for sugar derived from sugar
beets to obtain a marketing allocation
based upon their actions in processing
this product over the past several years.
This means that the sugar beet sector’s
54.35 percent of the OAQ would be
distributed among a larger number of
beet processors. Previously, CCC has
denied an entity’s request for an
allocation under these new entrant
provisions based upon the
determination by CCC that the entity
was not processing sugar beets or
related products, but simply engaged in
the further refinement of sugar. Is this
a desirable result?
4. To the extent a rationale is
developed by CCC, should CCC regulate
the sale of sugar derived from imported
sugar beet products, including thick
juice, by considering these products to
be a feedstock in the production of sugar
and not a type of sugar as currently
provided for in 7 CFR 1435.2? By
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making this change, sugar derived from
these imported products would be
charged against the processor’s
allocation when the product is
marketed. But, domestically-produced
thick juice has been considered to be
sugar for purposes of administration of
the domestic sugar allotment program
by CCC and not a feedstock.
Accordingly, is there a rational basis to
consider imported thick juice to be a
feedstock and to consider domesticallyproduced thick juice as sugar, and is
such rationale consistent with the
obligations of the United States under
WTO and NAFTA commitments,
specifically those WTO provisions
dealing with issues of national
treatment?
5. Should CCC redefine both
domestically-produced and imported
thick juice to be a feedstock in the
production of sugar and not sugar for
purposes of administering the 1938 Act?
CCC believes, that under this approach,
entities that further refine thick juice
will avail themselves of the new entrant
provisions of the domestic sugar
allotment program in order to obtain a
marketing allocation. This would likely
diminish the marketing allocations of
existing holders of marketing allocations
because the quantity of domestic thick
juice is significantly larger than the
quantities of imported thick juice.
Furthermore, this approach of changing
the definition of domestically-produced
thick juice from a type of sugar to a
feedstock used in the production of
sugar could be problematic in that CCC
may need to adjust the marketing
history of some of, or all of, those
entities that produce refined beet sugar.
Signed in Washington, DC, on August 4,
2006.
Glen L. Keppy,
Acting Executive Vice President, Commodity
Credit Corporation.
[FR Doc. E6–14881 Filed 9–7–06; 8:45 am]
BILLING CODE 3410–05–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[REG–142270–05]
RIN 1545–BE90
Railroad Track Maintenance Credit
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice of proposed rulemaking
by cross-reference to temporary
regulations and notice of public hearing.
AGENCY:
E:\FR\FM\08SEP1.SGM
08SEP1
Federal Register / Vol. 71, No. 174 / Friday, September 8, 2006 / Proposed Rules
sroberts on PROD1PC70 with PROPOSALS
SUMMARY: In the Rules and Regulations
section of this issue of the Federal
Register, the IRS is issuing temporary
regulations under section 45G of the
Internal Revenue Code relating to the
railroad track maintenance credit
determined for qualified railroad track
maintenance expenditures paid or
incurred by a Class II or Class III
railroad and other eligible taxpayers
during the taxable year. The temporary
regulations reflect changes to the law
made by the American Jobs Creation Act
of 2004 and the Gulf Opportunity Zone
Act of 2005. The text of those temporary
regulations also serves as the text of
these proposed regulations. This
document also provides notice of a
public hearing on these proposed
regulations.
DATES: Written or electronic comments
must be received by December 7, 2006.
Outlines of topics to be discussed at the
public hearing scheduled for Tuesday,
January 9, 2007, at 10 a.m. must be
received by December 8, 2006.
ADDRESSES: Send submissions to:
CC:PA:LPD:PR (REG–142270–05), room
5203, Internal Revenue Service, PO Box
7604, Ben Franklin Station, Washington,
DC 20044. Alternatively, submissions
may be 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–
142270–05). The public hearing will be
held in the auditorium of the New
Carrollton Federal Building, 5000 Ellin
Road, Lanham, MD 20706.
FOR FURTHER INFORMATION CONTACT:
Concerning the proposed regulations,
Winston H. Douglas, (202) 622–3110;
concerning submissions of comments,
the hearing, and/or to be placed on the
building access list to attend the
hearing, Kelly D. Banks, (202) 622–7180
(not toll-free numbers).
SUPPLEMENTARY INFORMATION:
Paperwork Reduction Act
The collections of information
contained in this notice of proposed
rulemaking have been submitted to the
Office of Management and Budget for
review in accordance with the
Paperwork Reduction Act of 1995 (44
U.S.C. 3507(d)). Comments on the
collections of information should be
sent to the Office of Management and
Budget, Attn: Desk Officer for the
Department of the Treasury, Office of
Information and Regulatory Affairs,
Washington, DC 20503, with copies to
the Internal Revenue Service, Attn: IRS
Reports Clearance Officer,
SE:W:CAR:MP:T:T:SP, Washington, DC
20224. Comments on the collection of
information should be received by
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17:59 Sep 07, 2006
Jkt 208001
November 7, 2006. Comments are
specifically requested concerning:
Whether the proposed collection of
information is necessary for the proper
performance of the functions of the
Internal Revenue Service, including
whether the information will have
practical utility;
The accuracy of the estimated burden
associated with the proposed collection
of information (see below);
How the quality, utility, and clarity of
the information to be collected may be
enhanced;
How the burden of complying with
the proposed collections of information
may be minimized, including through
the application of automated collection
techniques or other forms of information
technology; and
Estimates of capital or start-up costs
and costs of operation, maintenance,
and purchase of service to provide
information.
The collections of information in this
notice of proposed rule making are in
§ 1.45G–1T(d). This information is
required to verify the assignments of
railroad track miles made under section
45G(b). This information will be used by
the Service for examination purposes.
The collection of information is
required to obtain a benefit. The likely
respondents are business or other forprofit institutions.
Estimated total annual reporting:
1,375 hours.
The estimated annual burden per
respondent varies from 1 hour to 4
hours, depending on individual
circumstances, with an estimated
average of 2.5 hours.
Estimated number of respondents:
550.
Estimated frequency of responses:
Annually.
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information
displays a valid OMB control number.
Books or records relating to a
collection of information must be
retained as long as their contents may
become material in the administration
of any internal revenue law. Generally,
tax returns and tax return information
are confidential, as required by 26
U.S.C. 6103.
Background
Temporary regulations in the Rules
and Regulations section of this issue of
the Federal Register amend 26 CFR part
1 relating to section 45G of the Internal
Revenue Code (Code). The temporary
regulations contain rules for claiming
the railroad track maintenance credit for
qualified railroad track maintenance
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53053
expenditures paid or incurred by a Class
II or Class III railroad and other eligible
taxpayers during the taxable year. The
text of those temporary regulations also
serves as the text of these proposed
regulations. The preamble to the
temporary regulations explains the
temporary regulations and these
proposed regulations.
Special Analyses
It has been determined that this notice
of proposed rulemaking is not a
significant regulatory action as defined
in Executive Order 12866. Therefore, a
regulatory assessment is not required. It
also has been determined that section
553(b) of the Administrative Procedure
Act (5 U.S.C. chapter 5) does not apply
to these regulations and, because these
regulations do not impose on small
entities a collection of information
requirement, the Regulatory Flexibility
Act (5 U.S.C. chapter 6) does not apply.
Therefore, a Regulatory Flexibility
Analysis is not required. Pursuant to
section 7805(f) of the Internal Revenue
Code, this regulation has been
submitted to the Chief Counsel for
Advocacy of the Small Business
Administration for comment on its
impact on small business.
Comments and 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 has been scheduled
for Tuesday, January 9, 2007, beginning
at 10 a.m. in the auditorium of the New
Carrollton Federal Building, 5000 Ellin
Road, Lanham, MD 20706. Due to
building security procedures, visitors
must enter at the main front entrance. In
addition, all visitors must present photo
identification to enter the building.
Because of access restrictions, visitors
will not be admitted beyond the
immediate entrance area more than 30
minutes before the hearing starts. For
information about having your name
placed on the building access list to
attend the hearing, see the FOR FURTHER
INFORMATION CONTACT section of this
preamble.
The rules of 26 CFR 601.601(a)(3)
apply to the hearing. Persons who wish
to present oral comments at the hearing
must submit written or electronic
comments and an outline of the topics
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53054
Federal Register / Vol. 71, No. 174 / Friday, September 8, 2006 / Proposed Rules
to be discussed and the time to be
devoted to each topic (signed original
and eight (8) copies) by December 8,
2006. A period of 10 minutes will be
allotted to each person for making
comments. An agenda showing the
scheduling of the speakers will be
prepared after the deadline for receiving
outlines has passed. Copies of the
agenda will be available free of charge
at the hearing.
Drafting Information
The principal author of these
regulations is Winston H. Douglas,
Office of the Associate Chief Counsel
(Passthroughs and Special Industries).
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 as follows:
Authority: 26 U.S.C. 7805 * * *
Par. 2. Section 1.45G–0 is added to
read as follows:
§ 1.45G–0 Table of contents for the
railroad track maintenance credit rules.
[The text of this proposed section is
the same as the text of § 1.45G–0T
published elsewhere in this issue of the
Federal Register].
Par. 3. Section 1.45G–1 is added to
read as follows:
§ 1.45G–1
credit.
Railroad track maintenance
[The text of this proposed section is
the same as the text of § 1.45G–1T
published elsewhere in this issue of the
Federal Register].
Mark E. Matthews,
Deputy Commissioner for Services and
Enforcement.
[FR Doc. E6–14856 Filed 9–7–06; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF LABOR
Mine Safety and Health Administration
sroberts on PROD1PC70 with PROPOSALS
30 CFR Part 100
RIN 1219–AB51
Criteria and Procedures for Proposed
Assessment of Civil Penalties
Mine Safety and Health
Administration (MSHA), Labor.
AGENCY:
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ACTION:
Proposed rule.
SUMMARY: The Mine Safety and Health
Administration (MSHA) is proposing to
amend its civil penalty regulations to
increase penalty amounts and to
implement new requirements of the
Mine Improvement and New Emergency
Response (MINER) Act of 2006
amendments to the Mine Safety and
Health Act of 1977 (Mine Act). In
addition, MSHA is proposing to revise
procedures for proposing civil monetary
penalties to improve the efficiency and
effectiveness of the civil penalty
process. These changes are intended to
induce greater mine operator
compliance with the Mine Act and
MSHA’s safety and health standards and
regulations, thereby improving safety
and health for miners.
DATES: MSHA must receive comments
on or before October 23, 2006. MSHA
will hold six public hearings on
September 26, 2006, September 28,
2006, October 4, 2006, October 6, 2006,
October 17, 2006, and October 19, 2006.
Details about the public hearings are in
the SUPPLEMENTARY INFORMATION section
of this document.
ADDRESSES: Comments must be clearly
identified with as such and may be sent
to MSHA by any of the following
methods:
(1) Federal eRulemaking Portal: http:
//www.regulations.gov. Follow the
instructions for submitting comments.
(2) Electronic mail: zzMSHAcomments@dol.gov. Include ‘‘RIN 1219–
AB51’’ in the subject line of the
message.
(3) Telefax: (202) 693–9441. Include
‘‘RIN 1219–AB51’’ in the subject.
(4) Regular Mail: MSHA, Office of
Standards, Regulations, and Variances,
1100 Wilson Blvd., Room 2350,
Arlington, Virginia 22209–3939.
(5) Hand Delivery or Courier: MSHA,
Office of Standards, Regulations, and
Variances, 1100 Wilson Blvd., Room
2350, Arlington, Virginia 22209–3939.
Stop by the 21st floor and sign in at the
receptionist’s desk.
Docket: Comments can be accessed
electronically at www.msha.gov under
the ‘‘Rules and Regs’’ link. MSHA will
post all comments on the Internet
without change, including any personal
information provided. Comments may
also be reviewed at the Office of
Standards, Regulations, and Variances,
1100 Wilson Blvd., Room 2350,
Arlington, Virginia.
MSHA maintains a listserv that
enables subscribers to receive e-mail
notification when rulemaking
documents are published in the Federal
Register. To subscribe to the listserv, go
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to https://www.msha.gov/subscriptions/
subscribe.aspx.
Hearings: Locations of the public
hearings are in the SUPPLEMENTARY
INFORMATION section of this document.
FOR FURTHER INFORMATION CONTACT:
Patricia W. Silvey, Acting Director,
Office of Standards, Regulations, and
Variances, MSHA, 1100 Wilson Blvd,
Room 2350, Arlington, Virginia 22209–
3939, silvey.patricia@dol.gov (e-mail),
(202) 693–9440 (voice), or (202) 693–
9441 (telefax).
SUPPLEMENTARY INFORMATION:
Outline:
I. Public Hearings
II. Background
A. General
B. Rulemaking History
III. Discussion and Analysis of Proposed
Changes to Part 100
A. General Discussion
B. Section-by-Section Analysis
IV. Executive Order 12866
A. Population at Risk
B. Costs
C. Benefits
V. Feasibility
A. Technological Feasibility
B. Economic Feasibility
VI. Regulatory Flexibility Act and Small
Business Regulatory Enforcement
Fairness Act (SBREFA)
A. Definition of Small Mine
B. Factual Basis for Certification
VII. Paperwork Reduction Act of 1995
VIII. Other Regulatory Considerations
A. The Unfunded Mandates Reform Act of
1995
B. Treasury and General Government
Appropriations Act of 1999: Assessment
of Federal Regulations and Policies on
Families
C. Executive Order 12630: Government
Actions and Interference With
Constitutionally Protected Property
Rights
D. Executive Order 12988: Civil Justice
Reform
E. Executive Order 13045: Protection of
Children From Environmental Health
Risks and Safety Risks
F. Executive Order 13132: Federalism
G. Executive Order 13175: Consultation
and Coordination With Indian Tribal
Governments
I. Public Hearings
MSHA will hold six public hearings
on the proposed rule. The hearings will
begin at 9 a.m., and will be held on the
following dates and locations:
E:\FR\FM\08SEP1.SGM
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]]>Agencies
[Federal Register Volume 71, Number 174 (Friday, September 8, 2006)]
[Proposed Rules]
[Pages 53052-53054]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-14856]
=======================================================================
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[REG-142270-05]
RIN 1545-BE90
Railroad Track Maintenance Credit
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice of proposed rulemaking by cross-reference to temporary
regulations and notice of public hearing.
-----------------------------------------------------------------------
[[Page 53053]]
SUMMARY: In the Rules and Regulations section of this issue of the
Federal Register, the IRS is issuing temporary regulations under
section 45G of the Internal Revenue Code relating to the railroad track
maintenance credit determined for qualified railroad track maintenance
expenditures paid or incurred by a Class II or Class III railroad and
other eligible taxpayers during the taxable year. The temporary
regulations reflect changes to the law made by the American Jobs
Creation Act of 2004 and the Gulf Opportunity Zone Act of 2005. The
text of those temporary regulations also serves as the text of these
proposed regulations. This document also provides notice of a public
hearing on these proposed regulations.
DATES: Written or electronic comments must be received by December 7,
2006. Outlines of topics to be discussed at the public hearing
scheduled for Tuesday, January 9, 2007, at 10 a.m. must be received by
December 8, 2006.
ADDRESSES: Send submissions to: CC:PA:LPD:PR (REG-142270-05), room
5203, Internal Revenue Service, PO Box 7604, Ben Franklin Station,
Washington, DC 20044. Alternatively, submissions may be 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-142270-05). The public hearing will be held in the auditorium of
the New Carrollton Federal Building, 5000 Ellin Road, Lanham, MD 20706.
FOR FURTHER INFORMATION CONTACT: Concerning the proposed regulations,
Winston H. Douglas, (202) 622-3110; concerning submissions of comments,
the hearing, and/or to be placed on the building access list to attend
the hearing, Kelly D. Banks, (202) 622-7180 (not toll-free numbers).
SUPPLEMENTARY INFORMATION:
Paperwork Reduction Act
The collections of information contained in this notice of proposed
rulemaking have been submitted to the Office of Management and Budget
for review in accordance with the Paperwork Reduction Act of 1995 (44
U.S.C. 3507(d)). Comments on the collections of information should be
sent to the Office of Management and Budget, Attn: Desk Officer for the
Department of the Treasury, Office of Information and Regulatory
Affairs, Washington, DC 20503, with copies to the Internal Revenue
Service, Attn: IRS Reports Clearance Officer, SE:W:CAR:MP:T:T:SP,
Washington, DC 20224. Comments on the collection of information should
be received by November 7, 2006. Comments are specifically requested
concerning:
Whether the proposed collection of information is necessary for the
proper performance of the functions of the Internal Revenue Service,
including whether the information will have practical utility;
The accuracy of the estimated burden associated with the proposed
collection of information (see below);
How the quality, utility, and clarity of the information to be
collected may be enhanced;
How the burden of complying with the proposed collections of
information may be minimized, including through the application of
automated collection techniques or other forms of information
technology; and
Estimates of capital or start-up costs and costs of operation,
maintenance, and purchase of service to provide information.
The collections of information in this notice of proposed rule
making are in Sec. 1.45G-1T(d). This information is required to verify
the assignments of railroad track miles made under section 45G(b). This
information will be used by the Service for examination purposes. The
collection of information is required to obtain a benefit. The likely
respondents are business or other for-profit institutions.
Estimated total annual reporting: 1,375 hours.
The estimated annual burden per respondent varies from 1 hour to 4
hours, depending on individual circumstances, with an estimated average
of 2.5 hours.
Estimated number of respondents: 550.
Estimated frequency of responses: Annually.
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless the collection of
information displays a valid OMB control number.
Books or records relating to a collection of information must be
retained as long as their contents may become material in the
administration of any internal revenue law. Generally, tax returns and
tax return information are confidential, as required by 26 U.S.C. 6103.
Background
Temporary regulations in the Rules and Regulations section of this
issue of the Federal Register amend 26 CFR part 1 relating to section
45G of the Internal Revenue Code (Code). The temporary regulations
contain rules for claiming the railroad track maintenance credit for
qualified railroad track maintenance expenditures paid or incurred by a
Class II or Class III railroad and other eligible taxpayers during the
taxable year. The text of those temporary regulations also serves as
the text of these proposed regulations. The preamble to the temporary
regulations explains the temporary regulations and these proposed
regulations.
Special Analyses
It has been determined that this notice of proposed rulemaking is
not a significant regulatory action as defined in Executive Order
12866. Therefore, a regulatory assessment is not required. It also has
been determined that section 553(b) of the Administrative Procedure Act
(5 U.S.C. chapter 5) does not apply to these regulations and, because
these regulations do not impose on small entities a collection of
information requirement, the Regulatory Flexibility Act (5 U.S.C.
chapter 6) does not apply. Therefore, a Regulatory Flexibility Analysis
is not required. Pursuant to section 7805(f) of the Internal Revenue
Code, this regulation has been submitted to the Chief Counsel for
Advocacy of the Small Business Administration for comment on its impact
on small business.
Comments and 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 has been scheduled for Tuesday, January 9, 2007,
beginning at 10 a.m. in the auditorium of the New Carrollton Federal
Building, 5000 Ellin Road, Lanham, MD 20706. Due to building security
procedures, visitors must enter at the main front entrance. In
addition, all visitors must present photo identification to enter the
building. Because of access restrictions, visitors will not be admitted
beyond the immediate entrance area more than 30 minutes before the
hearing starts. For information about having your name placed on the
building access list to attend the hearing, see the FOR FURTHER
INFORMATION CONTACT section of this preamble.
The rules of 26 CFR 601.601(a)(3) apply to the hearing. Persons who
wish to present oral comments at the hearing must submit written or
electronic comments and an outline of the topics
[[Page 53054]]
to be discussed and the time to be devoted to each topic (signed
original and eight (8) copies) by December 8, 2006. A period of 10
minutes will be allotted to each person for making comments. An agenda
showing the scheduling of the speakers will be prepared after the
deadline for receiving outlines has passed. Copies of the agenda will
be available free of charge at the hearing.
Drafting Information
The principal author of these regulations is Winston H. Douglas,
Office of the Associate Chief Counsel (Passthroughs and Special
Industries).
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 as
follows:
Authority: 26 U.S.C. 7805 * * *
Par. 2. Section 1.45G-0 is added to read as follows:
Sec. 1.45G-0 Table of contents for the railroad track maintenance
credit rules.
[The text of this proposed section is the same as the text of Sec.
1.45G-0T published elsewhere in this issue of the Federal Register].
Par. 3. Section 1.45G-1 is added to read as follows:
Sec. 1.45G-1 Railroad track maintenance credit.
[The text of this proposed section is the same as the text of Sec.
1.45G-1T published elsewhere in this issue of the Federal Register].
Mark E. Matthews,
Deputy Commissioner for Services and Enforcement.
[FR Doc. E6-14856 Filed 9-7-06; 8:45 am]
BILLING CODE 4830-01-P
