Railroad Track Maintenance Credit; Hearing Cancellation, 77654 [E6-22018]

Download as PDF 77654 Federal Register / Vol. 71, No. 248 / Wednesday, December 27, 2006 / Proposed Rules exchange of property for an annuity contract will be held February 16, 2007 in the auditorium of the New Carrollton Federal Building, 5000 Ellin Road, Lanham, MD 20706. The location of the public hearing has changed. ADDRESSES: The public hearing will be held in the IRS Auditorium, Internal Revenue Building, 1111 Constitution Avenue, NW., Washington, DC. FOR FURTHER INFORMATION CONTACT: Concerning submissions of comments, the hearing, and/or to be placed on the building access list to attend the hearing Kelly Banks, (202) 622–0392 (not a tollfree number). LaNita Van Dyke, Branch Chief, Publications and Regulations, Associate Chief Counsel, Legal Processing Division (Procedure and Administration). [FR Doc. E6–22020 Filed 12–26–06; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY scheduled for January 9, 2006, at 10 a.m. in the IRS Auditorium, New Carrollton Federal Building, 5000 Ellin Road, Lanham, MD 20706. The subject of the public hearing is under section 45G of the Internal Revenue Code. The public comment period expired on December 7, 2006. The notice of proposed rulemaking by cross-reference to temporary regulations and notice of public hearing instructed those interested in testifying at the public hearing to submit an outline of the topics to be addressed. As of Monday, December 11, 2006, no one has requested to speak. Therefore, the public hearing scheduled for January 9, 2007, is cancelled. La Nita VanDyke, Branch Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration). [FR Doc. E6–22018 Filed 12–26–06; 8:45 am] BILLING CODE 4830–01–P Internal Revenue Service DEPARTMENT OF THE TREASURY 26 CFR Part 1 Internal Revenue Service [REG–142270–05] RIN 1545–BE90 26 CFR Part 1 Railroad Track Maintenance Credit; Hearing Cancellation [REG–208270–86] Internal Revenue Service (IRS), Treasury. ACTION: Cancellation of notice of public hearing on proposed rulemaking by cross-reference to temporary regulations. RIN 1545–AM12 sroberts on PROD1PC70 with PROPOSALS AGENCY: SUMMARY: This document cancels a public hearing on proposed regulations by cross-reference to temporary regulations 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. DATES: The public hearing, originally scheduled for January 9, 2007 at 10 a.m. is cancelled. FOR FURTHER INFORMATION CONTACT: Kelly Banks of the Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration) at (202) 622–0392 (not a toll-free number). SUPPLEMENTARY INFORMATION: A notice of proposed rulemaking by crossreference to temporary regulations and notice of public hearing that appeared in the Federal Register on Friday, September 8, 2006 (71 FR 53053), announced that a public hearing was VerDate Aug<31>2005 20:37 Dec 26, 2006 Jkt 211001 Income and Currency Gain or Loss With Respect to a Section 987 QBU; Correction Internal Revenue Service (IRS), Treasury. ACTION: Correction to notice of proposed rulemaking. AGENCY: SUMMARY: This document contains corrections to a notice of proposed rulemaking that was published in the Federal Register on Thursday, September 7, 2006 (71 FR 52876), regarding the determination of the items of income or loss of a taxpayer with respect to a section 987 qualified business unit as well as the timing, amount, character and source of any section 987 gain or loss. FOR FURTHER INFORMATION CONTACT: Sheila Ramaswamy, (202) 622–3870 (not a toll-free number). SUPPLEMENTARY INFORMATION: Background The notice of proposed rulemaking (REG–208270–86) that is the subject of these corrections is under section 987 of the Internal Revenue Code. PO 00000 Frm 00027 Fmt 4702 Sfmt 4702 Need for Correction As published, the notice of proposed rulemaking (REG–208270–86) contains errors that may prove to be misleading and is in need of clarification. Correction of Publication Accordingly, the notice of proposed rulemaking (REG–208270–86), that was the subject of FR Doc. 06–7250, is corrected as follows: 1. On page 52879, second column, in the preamble under the paragraph heading ‘‘E. Concerns Regarding the 1991 Proposed Regulations: Notice 2000–20,’’ the sixteenth line following the formula, the language ‘‘DE. The DE conducts mineral’’ is corrected to read ‘‘DE. The DE conducts mineral extraction in Country X’’. 2. On page 52886, first column, in the preamble under the paragraph heading ‘‘C. Section 1.987–3 Determination of the Items of Section 987 Taxable Income or Loss of an Owner of a Section 987 QBU,’’ the eighth line, the language ‘‘under other provisions are not taken’’ is corrected to read ‘‘under other provisions of the Code or regulations are not taken’’. 3. On page 52886, second column, under the paragraph heading ‘‘C. Section 1.987–3 Determination of the Items of Section 987 Taxable Income or Loss of an Owner of a Section 987 QBU,’’ first full paragraph, ninth line from the bottom of the paragraph, the language ‘‘rates for amount realized and adjusted’’ is corrected to read ‘‘rates for the amount realized and adjusted’’. 4. On page 52886, second column, under the paragraph heading ‘‘C. Section 1.987–3 Determination of the Items of Section 987 Taxable Income or Loss of an Owner of a Section 987 QBU,’’ second full paragraph, fifth line, the language ‘‘Generally the amount realized and’’ is corrected to read ‘‘Generally, the amount realized and adjusted’’. § 1.987–1 [Corrected] 5. On page 52895, second column, § 1.987–1(b)(7), paragraph (ii)(B) of Example 1, fifth line from the bottom of the paragraph, the language ‘‘neither the activities of DE1 or DE2 are’’ is corrected to read ‘‘the activities of DE1 are not’’. § 1.987–2 [Corrected] 6. On page 52899, first column, § 1.987–2(c)(9), lines 2 and 3, the language ‘‘illustrate the principles of this paragraph (c). For purposes of these’’ is corrected to read ‘‘illustrate the principles of paragraph (b) of this section and this paragraph (c). For purposes of these’’. E:\FR\FM\27DEP1.SGM 27DEP1

Agencies

[Federal Register Volume 71, Number 248 (Wednesday, December 27, 2006)]
[Proposed Rules]
[Page 77654]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-22018]


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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; Hearing Cancellation

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Cancellation of notice of public hearing on proposed rulemaking 
by cross-reference to temporary regulations.

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SUMMARY: This document cancels a public hearing on proposed regulations 
by cross-reference to temporary regulations 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.

DATES: The public hearing, originally scheduled for January 9, 2007 at 
10 a.m. is cancelled.

FOR FURTHER INFORMATION CONTACT: Kelly Banks of the Publications and 
Regulations Branch, Legal Processing Division, Associate Chief Counsel 
(Procedure and Administration) at (202) 622-0392 (not a toll-free 
number).

SUPPLEMENTARY INFORMATION: A notice of proposed rulemaking by cross-
reference to temporary regulations and notice of public hearing that 
appeared in the Federal Register on Friday, September 8, 2006 (71 FR 
53053), announced that a public hearing was scheduled for January 9, 
2006, at 10 a.m. in the IRS Auditorium, New Carrollton Federal 
Building, 5000 Ellin Road, Lanham, MD 20706. The subject of the public 
hearing is under section 45G of the Internal Revenue Code.
    The public comment period expired on December 7, 2006. The notice 
of proposed rulemaking by cross-reference to temporary regulations and 
notice of public hearing instructed those interested in testifying at 
the public hearing to submit an outline of the topics to be addressed. 
As of Monday, December 11, 2006, no one has requested to speak. 
Therefore, the public hearing scheduled for January 9, 2007, is 
cancelled.

La Nita VanDyke,
Branch Chief, Publications and Regulations Branch, Legal Processing 
Division, Associate Chief Counsel (Procedure and Administration).
 [FR Doc. E6-22018 Filed 12-26-06; 8:45 am]
BILLING CODE 4830-01-P

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