Section 411(d)(6) Protected Benefits; Correction, 55108 [06-7862]
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55108
Federal Register / Vol. 71, No. 183 / Thursday, September 21, 2006 / Rules and Regulations
paragraphs (a)(1), (a)(3)(iii), (a)(4), or
(a)(5) and (a)(6), respectively, of this
section does not apply to the indicated
species that were harvested, landed
ashore, and sold prior to the effective
date of the closure and were held in
cold storage by a dealer or processor.
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I 11. In § 622.44, paragraphs (c)(2),
(c)(3), (c)(4), and (c)(5) are revised to
read as follows:
§ 622.44
Commercial trip limits.
rmajette on PROD1PC67 with RULES1
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(c) * * *
(2) Golden tilefish. (i) Until 75 percent
of the fishing year quota specified in
§ 622.42(e)(2) is reached—4,000 lb
(1,814 kg).
(ii) After 75 percent of the fishing year
quota specified in § 622.42(e)(2) is
reached—300 lb (136 kg). However, if 75
percent of the fishing year quota has not
been taken on or before September 1,
the trip limit will not be reduced. The
Assistant Administrator, by filing a
notification of trip limit change with the
Office of the Federal Register, will effect
a trip limit change specified in this
paragraph, (c)(2)(ii), when the
applicable conditions have been taken.
(iii) See § 622.43(a)(5) for the
limitations regarding golden tilefish
after the fishing year quota is reached.
(3) Snowy grouper. (i) During the 2006
fishing year, until the quota specified in
§ 622.42(e)(1)(i) is reached—275 lb (125
kg).
(ii) During the 2007 fishing year, until
the quota specified in § 622.42(e)(1)(ii)
is reached—175 lb (79 kg).
(iii) During the 2008 and subsequent
fishing years, until the quota specified
in § 622.42(e)(1)(iii) is reached—100 lb
(45 kg).
(iv) See § 622.43(a)(5) for the
limitations regarding snowy grouper
after the fishing year quota is reached.
(4) Red porgy. (i) From May 1 through
December 31—120 fish.
(ii) From January 1 through April 30,
the seasonal harvest limit specified in
§ 622.36(b)(5) applies.
(iii) See § 622.43(a)(5) for the
limitations regarding red porgy after the
fishing year quota is reached.
(5) Greater amberjack. Until the
fishing year quota specified in
§ 622.42(e)(3) is reached, 1,000 lb (454
kg). See § 622.43(a)(5) for the limitations
regarding greater amberjack after the
fishing year quota is reached.
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I 12. In § 622.45, paragraph (d)(8) is
added to read as follows:
§ 622.45
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Restrictions on sale/purchase.
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VerDate Aug<31>2005
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14:49 Sep 20, 2006
Jkt 208001
(d) * * *
(8) No person may sell or purchase a
snowy grouper, golden tilefish, greater
amberjack, vermilion snapper, black sea
bass, or red porgy harvested from or
possessed in the South Atlantic by a
vessel for which a valid Federal
commercial or charter vessel/headboat
permit for South Atlantic snappergrouper has been issued for the
remainder of the fishing year after the
applicable commercial quota for that
species specified in § 622.42(e) has been
reached. The prohibition on sale/
purchase during these periods does not
apply to such of the applicable species
that were harvested, landed ashore, and
sold prior to the applicable commercial
quota being reached and were held in
cold storage by a dealer or processor.
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[FR Doc. 06–7940 Filed 9–18–06; 2:59 pm]
BILLING CODE 3510–22–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[TD 9280]
RIN 1545–BE10
Section 411(d)(6) Protected Benefits;
Correction
Internal Revenue Service (IRS),
Treasury.
ACTION: Correcting amendment.
AGENCY:
SUMMARY: This document contains
corrections to final regulations that were
published in the Federal Register on
August 9, 2006 (71 FR 45379) that
provide guidance on certain issues
under section 411(d)(6) of the Internal
Revenue Code (Code), including the
interaction between the anti-cutback
rules of section 411(d)(6) and the
nonforfeitability requirements of section
411(a).
EFFECTIVE DATE: This correction is
effective August 9, 2006.
FOR FURTHER INFORMATION CONTACT:
Pamela R. Kinard, at (202) 622–6060
(not a toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The final regulations that are the
subject of this correction are under
section 411(d)(6) of the Code.
Need for Correction
As published, the final regulations
(TD 9280), contain errors that may prove
to be misleading and are in need of
clarification.
PO 00000
Frm 00022
Fmt 4700
Sfmt 4700
List of Subjects in 26 CFR Part 1
Income taxes, Reporting and
recordkeeping requirements.
Correction of Publication
Accordingly, 26 CFR part 1 is
corrected by making the following
correcting amendments:
I
PART 1—INCOME TAXES
Paragraph 1. The authority citation
for part 1 continues to read in part as
follows:
I
Authority: 26 U.S.C 7805 * * *
I Par. 2. Section 1.411(d)–3 is amended
by revising paragraph (a)(3)(i), second
sentence and (a)(4) Example 4 (ii),
second sentence to read as follows:
§ 1.411(d)–3
benefits.
Section 411 (d)(6) protected
(a) * * *
(3) * * * However, such an
amendment does not violate section
411(d)(6) to the extent it applies with
respect to benefits that accrue after the
applicable amendment date.
(4) * * *
Example 4 * * *
(ii) * * * A method of avoiding a section
411 (d)(6) violation with respect to account
balances attributable to benefits accrued as of
the applicable amendment date and earnings
thereon would be for Plan D to provide for
the vested percentage of G and each other
participant in Plan E to be no less than the
greater of the vesting percentages under the
two vesting schedules (for example, for G and
each other participant in Plan E to be 20%
vested upon completion of 3 years of service,
40% vested upon completion of 4 years of
service, and fully vested upon completion of
5 years of service) for those account balances
and earnings.
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*
*
*
Cynthia Grigsby,
Senior Federal Liaison Officer, Legal
Processing Division, Associate Chief Counsel
(Procedure and Administration).
[FR Doc. 06–7862 Filed 9–20–06; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[TD 9280]
RIN 1545–BE10
Section 411(d)(6) Protected Benefits;
Correction
Internal Revenue Service (IRS),
Treasury.
ACTION: Correction to final regulations.
AGENCY:
E:\FR\FM\21SER1.SGM
21SER1
]]>Agencies
[Federal Register Volume 71, Number 183 (Thursday, September 21, 2006)]
[Rules and Regulations]
[Page 55108]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 06-7862]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[TD 9280]
RIN 1545-BE10
Section 411(d)(6) Protected Benefits; Correction
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Correcting amendment.
-----------------------------------------------------------------------
SUMMARY: This document contains corrections to final regulations that
were published in the Federal Register on August 9, 2006 (71 FR 45379)
that provide guidance on certain issues under section 411(d)(6) of the
Internal Revenue Code (Code), including the interaction between the
anti-cutback rules of section 411(d)(6) and the nonforfeitability
requirements of section 411(a).
EFFECTIVE DATE: This correction is effective August 9, 2006.
FOR FURTHER INFORMATION CONTACT: Pamela R. Kinard, at (202) 622-6060
(not a toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The final regulations that are the subject of this correction are
under section 411(d)(6) of the Code.
Need for Correction
As published, the final regulations (TD 9280), contain errors that
may prove to be misleading and are in need of clarification.
List of Subjects in 26 CFR Part 1
Income taxes, Reporting and recordkeeping requirements.
Correction of Publication
0
Accordingly, 26 CFR part 1 is corrected by making the following
correcting amendments:
PART 1--INCOME TAXES
0
Paragraph 1. The authority citation for part 1 continues to read in
part as follows:
Authority: 26 U.S.C 7805 * * *
0
Par. 2. Section 1.411(d)-3 is amended by revising paragraph (a)(3)(i),
second sentence and (a)(4) Example 4 (ii), second sentence to read as
follows:
Sec. 1.411(d)-3 Section 411 (d)(6) protected benefits.
(a) * * *
(3) * * * However, such an amendment does not violate section
411(d)(6) to the extent it applies with respect to benefits that accrue
after the applicable amendment date.
(4) * * *
Example 4 * * *
(ii) * * * A method of avoiding a section 411 (d)(6) violation
with respect to account balances attributable to benefits accrued as
of the applicable amendment date and earnings thereon would be for
Plan D to provide for the vested percentage of G and each other
participant in Plan E to be no less than the greater of the vesting
percentages under the two vesting schedules (for example, for G and
each other participant in Plan E to be 20% vested upon completion of
3 years of service, 40% vested upon completion of 4 years of
service, and fully vested upon completion of 5 years of service) for
those account balances and earnings.
* * * * *
Cynthia Grigsby,
Senior Federal Liaison Officer, Legal Processing Division, Associate
Chief Counsel (Procedure and Administration).
[FR Doc. 06-7862 Filed 9-20-06; 8:45 am]
BILLING CODE 4830-01-P
