Regulation of Fuels and Fuel Additives, 77266 [06-55532]
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77266
Federal Register / Vol. 71, No. 247 / Tuesday, December 26, 2006 / Rules and Regulations
paragraph (a)(1)(iii) of this section shall
be the following:
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I Par. 10. Section 1.964–1T is amended
by revising the first sentence of
paragraph (c)(2) and the last sentence of
paragraph (c)(5)(i) to read as follows:
§ 1.964–1T Determination of the earnings
and profits of a foreign corporation
(temporary).
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(c) * * *
(2) * * * For the first taxable year of
a foreign corporation beginning after
April 25, 2006, in which such foreign
corporation first qualifies as a controlled
foreign corporation (as defined in
section 957 or 953) or a noncontrolled
section 902 corporation (as defined in
section 904(d)(2)(E)), any method of
accounting or taxable year allowable
under this section may be adopted, and
any election allowable under this
section may be made, by such foreign
corporation or on its behalf
notwithstanding that, in previous years,
its books or financial statements were
prepared on a different basis, and
notwithstanding that such election is
required by the Internal Revenue Code
or regulations to be made in a prior
taxable year. * * *
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(5) * * * (i) * * * In the event that
the United States shareholders of the
controlled foreign corporation do not, in
the aggregate, own (within the meaning
of section 958(a)) more than 50 percent
of the total combined voting power of
all classes of the stock of such foreign
corporation entitled to vote, the
controlling United States shareholders
of the controlled foreign corporation
shall be all those United States
shareholders who own (within the
meaning of section 958(a)) stock of such
corporation.
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Cynthia Grigsby,
Senior Federal Register Liaison Officer,
Publications and Regulations Branch, Legal
Processing Division, Associate Chief Counsel
(Procedure and Administration).
[FR Doc. E6–22024 Filed 12–22–06; 8:45 am]
BILLING CODE 4830–01–P
ENVIRONMENTAL PROTECTION
AGENCY
jlentini on PROD1PC65 with RULES
40 CFR Part 80
Regulation of Fuels and Fuel Additives
CFR Correction
In Title 40 of the Code of Federal
Regulations, parts 72 to 80, revised as of
VerDate Aug<31>2005
16:12 Dec 22, 2006
Jkt 211001
July 1, 2006, on page 695, § 80.75 is
corrected by reinstating paragraphs
(a)(2)(ix) and (a)(2)(x) to read as follows:
§ 80.75
Reporting requirements.
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(a) * * *
(2) * * *
(ix) In the case of butane blended with
reformulated gasoline or RBOB under
§ 80.82:
(A) Identification of the butane batch
as complying with the provisions of
§ 80.82;
(B) Identification of the butane batch
as commercial or non-commercial grade
butane;
(C) The batch number of the butane;
(D) The date of production of the
gasoline produced using the butane
batch;
(E) The volume of the butane batch;
(F) The properties of the butane batch
specified by the butane supplier, or the
properties specified in § 80.82(c) or (d),
as appropriate;
(G) The volume of the gasoline batch
subsequent to the butane blending; and
(x) In the case of any imported GTAB,
identification of the gasoline as GTAB.
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[FR Doc. 06–55532 Filed 12–22–06; 8:45 am]
BILLING CODE 1505–01–D
ENVIRONMENTAL PROTECTION
AGENCY
40 CFR Part 112
[EPA–HQ–OPA–2005–0001; FRL–8258–3]
RIN 2050–AG23
Oil Pollution Prevention; Spill
Prevention, Control, and
Countermeasure Plan Requirements—
Amendments
Environmental Protection
Agency.
ACTION: Final rule.
AGENCY:
SUMMARY: The Environmental Protection
Agency (EPA or the Agency) is
amending the Spill Prevention, Control,
and Countermeasure (SPCC) Plan
requirements by: first, providing the
option for owners and operators of
facilities that store 10,000 gallons of oil
or less and meet other qualifying criteria
to self-certify their SPCC Plans in lieu
of review and certification by a
Professional Engineer; second,
providing an alternative to the general
secondary containment requirement
without requiring a determination of
impracticability for facilities that have
particular types of oil-filled equipment;
third, defining and exempting particular
PO 00000
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Fmt 4700
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vehicle fuel tanks and other on-board
bulk oil storage containers used for
motive power; and fourth, exempting
mobile refuelers from the sized
secondary containment requirements for
bulk storage containers. The Agency
also is removing and reserving the SPCC
requirements for animal fats and
vegetable oils that are specific to
onshore oil production facilities,
onshore oil drilling and workover
facilities, and offshore oil drilling,
production, or workover facilities.
Finally, the Agency is extending the
SPCC compliance dates for farms. These
changes significantly reduce the burden
imposed on the regulated community
for complying with the SPCC
requirements, while maintaining
protection of human health and the
environment. In a separate document in
this Federal Register, the Agency is
proposing to extend the compliance
dates for all facilities.
DATES: This final rule is effective
February 26, 2007.
ADDRESSES: The public docket for this
final rule, Docket ID No. EPA–HQ–
OPA–2005–0001, contains the
information related to this rulemaking,
including the response to comment
document. All documents in the docket
are listed in the https://
www.regulations.gov index. Although
listed in the index, some information
may not be publicly available, e.g.,
Confidential Business Information or
other information the disclosure of
which is restricted by statute. Certain
other material, such as copyrighted
material, will be publicly available only
in hard copy. Publicly available docket
materials are available either
electronically in https://
www.regulations.gov or in hard copy at
the EPA Docket, EPA/DC, EPA West,
Room B102, 1301 Constitution Ave.,
NW., Washington, DC. The Public
Reading Room is open from 8:30 a.m. to
4:30 p.m., Monday through Friday,
excluding legal holidays. The telephone
number of the Public Reading Room is
202–566–1744, and the telephone
number to make an appointment to view
the docket is 202–566–0276. The EPA
Docket Center suffered damage due to
flooding during the last week of June
2006. The Docket Center is continuing
to operate. However, during the
cleanup, there will be temporary
changes to Docket Center telephone
numbers, addresses, and hours of
operation for people who wish to visit
the Public Reading Room to view
documents. Consult EPA’s Federal
Register notice at 71 FR 38147 (July 5,
2006) or the EPA Web site at https://
www.epa.gov/epahome/dockets.htm for
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[Federal Register Volume 71, Number 247 (Tuesday, December 26, 2006)]
[Rules and Regulations]
[Page 77266]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 06-55532]
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ENVIRONMENTAL PROTECTION AGENCY
40 CFR Part 80
Regulation of Fuels and Fuel Additives
CFR Correction
In Title 40 of the Code of Federal Regulations, parts 72 to 80,
revised as of July 1, 2006, on page 695, Sec. 80.75 is corrected by
reinstating paragraphs (a)(2)(ix) and (a)(2)(x) to read as follows:
Sec. 80.75 Reporting requirements.
* * * * *
(a) * * *
(2) * * *
(ix) In the case of butane blended with reformulated gasoline or
RBOB under Sec. 80.82:
(A) Identification of the butane batch as complying with the
provisions of Sec. 80.82;
(B) Identification of the butane batch as commercial or non-
commercial grade butane;
(C) The batch number of the butane;
(D) The date of production of the gasoline produced using the
butane batch;
(E) The volume of the butane batch;
(F) The properties of the butane batch specified by the butane
supplier, or the properties specified in Sec. 80.82(c) or (d), as
appropriate;
(G) The volume of the gasoline batch subsequent to the butane
blending; and
(x) In the case of any imported GTAB, identification of the
gasoline as GTAB.
* * * * *
[FR Doc. 06-55532 Filed 12-22-06; 8:45 am]
BILLING CODE 1505-01-D
