Revisions to Regulations Relating to Repeal of Tax on Interest of Nonresident Alien Individuals and Foreign Corporations Received From Certain Portfolio Debt Investments; Correction, 26542 [E7-8923]

Download as PDF 26542 Federal Register / Vol. 72, No. 90 / Thursday, May 10, 2007 / Rules and Regulations § 135.364 Maximum flying time outside the United States. After February 15, 2008, no certificate holder may operate an airplane, other than an all-cargo airplane with more than two engines, on a planned route that exceeds 180 minutes flying time (at the one-engine-inoperative cruise speed under standard conditions in still air) from an Adequate Airport outside the continental United States unless the operation is approved by the FAA in accordance with Appendix G of this part, Extended Operations (ETOPS). 5. In appendix G of part 135, in section G135.2.8, revise paragraph (c) and the introductory text to paragraph (h) to read as follows: I * * * * * * * cprice-sewell on PRODPC61 with RULES * * * * * VerDate Aug<31>2005 * * * * 14:29 May 09, 2007 Jkt 211001 26 CFR Part 1 [TD 9323] BILLING CODE 4830–01–P Internal Revenue Service (IRS), Treasury. ACTION: Correction to final regulations. (h) Enhanced Continuing Analysis and Surveillance System (E–CASS) program. A certificate holder’s existing CASS must be enhanced to include all elements of the ETOPS maintenance program. In addition to the reporting requirements of § 135.415 and § 135.417, the program includes reporting procedures, in the form specified in § 135.415(e), for the following significant events detrimental to ETOPS within 96 hours of the occurrence to the certificate holding district office (CHDO): * Internal Revenue Service LaNita Van Dyke, Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration). [FR Doc. E7–8923 Filed 5–9–07; 8:45 am] DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Part 1 [TD 9323] AGENCY: (c) Limitations on dual maintenance. (1) Except as specified in paragraph G135.2.8(c)(2) of this appendix, the certificate holder may not perform scheduled or unscheduled dual maintenance during the same maintenance visit on the same or a substantially similar ETOPS Significant System listed in the ETOPS maintenance document, if the improper maintenance could result in the failure of an ETOPS Significant System. (2) In the event dual maintenance as defined in paragraph G135.2.8(c)(1) of this appendix cannot be avoided, the certificate holder may perform maintenance provided: (i) The maintenance action on each affected ETOPS Significant System is performed by a different technician, or (ii) The maintenance action on each affected ETOPS Significant System is performed by the same technician under the direct supervision of a second qualified individual; and (iii) For either paragraph G135.2.8(c)(2)(i) or (ii) of this appendix, a qualified individual conducts a ground verification test and any in-flight verification test required under the program developed pursuant to paragraph G135.2.8(d) of this appendix. * DEPARTMENT OF THE TREASURY Revisions to Regulations Relating to Repeal of Tax on Interest of Nonresident Alien Individuals and Foreign Corporations Received From Certain Portfolio Debt Investments; Correction G135.2.8 Maintenance Program Requirements * BILLING CODE 4910–13–P 2. On page 18387, column 1, in the preamble, under the paragraph heading ‘‘1. Time for Applying the 10-Percent Shareholder Test’’, tenth line of the first paragraph of the column, the language ‘‘section 6031(c) is mailed or otherwise’’ is corrected to read ‘‘section 6031(b) is mailed or otherwise’’. RIN 1545–BF64 Appendix G to Part 135—Extended Operations (ETOPS) * Issued in Washington, DC, on May 2, 2007. Rebecca MacPherson, Assistant Chief Counsel, Regulations Division. [FR Doc. E7–8810 Filed 5–9–07; 8:45 am] This document contains corrections to final regulations (TD 9323) that were published in the Federal Register on Thursday, April 12, 2007 (72 FR 18386) relating to the exclusion from gross income of portfolio interest paid to a nonresident alien individual or foreign corporation. DATES: The correction is effective May 10, 2007. FOR FURTHER INFORMATION CONTACT: Kathryn Holman of the Office of the Associate Chief Counsel (International), (202) 622–3840 (not a toll-free call). SUPPLEMENTARY INFORMATION: SUMMARY: Background The final regulations that are the subject of this correction are under sections 871 and 881 of the Internal Revenue Code. Need for Correction As published, final regulations (TD 9323) contain errors that may prove to be misleading and are in need of clarification. Correction of Publication Accordingly, the publication of the final regulations (TD 9323), which were the subject of FR Doc. E7–6766, is corrected as follows: 1. On page 18386, column 3, in the preamble, under the paragraph heading ‘‘1. Time for Applying the 10-Percent Shareholder Test’’, ninth line of the last paragraph of the column, the language ‘‘under section 6031(c) is mailed, or the’’ is corrected to read ‘‘under section 6031(b) is mailed, or the’’. PO 00000 Frm 00010 Fmt 4700 Sfmt 4700 RIN 1545–BF64 Revisions to Regulations Relating to Repeal of Tax on Interest of Nonresident Alien Individuals and Foreign Corporations Received From Certain Portfolio Debt Investments; Correction Internal Revenue Service (IRS), Treasury. ACTION: Correcting amendment. AGENCY: SUMMARY: This document contains a correction to final regulations (TD 9323) that were published in the Federal Register on Thursday, April 12, 2007 (72 FR 18386) relating to the exclusion from gross income of portfolio interest paid to a nonresident alien individual or foreign corporation. DATES: The correction is effective May 10, 2007. FOR FURTHER INFORMATION CONTACT: Kathryn Holman of the Office of the Associate Chief Counsel (International), (202) 622–3840 (not a toll-free call). SUPPLEMENTARY INFORMATION: Background The final regulations that are the subject of this correction are under sections 871 and 881 of the Internal Revenue Code. Need for Correction As published, final regulations (TD 9323) contain an error that may prove to be misleading and is in need of clarification. List of Subjects in 26 CFR Part 1 Income taxes, Reporting and recordkeeping requirements. E:\FR\FM\10MYR1.SGM 10MYR1

Agencies

[Federal Register Volume 72, Number 90 (Thursday, May 10, 2007)]
[Rules and Regulations]
[Page 26542]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-8923]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9323]
RIN 1545-BF64


Revisions to Regulations Relating to Repeal of Tax on Interest of 
Nonresident Alien Individuals and Foreign Corporations Received From 
Certain Portfolio Debt Investments; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to final regulations.

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SUMMARY: This document contains corrections to final regulations (TD 
9323) that were published in the Federal Register on Thursday, April 
12, 2007 (72 FR 18386) relating to the exclusion from gross income of 
portfolio interest paid to a nonresident alien individual or foreign 
corporation.

DATES: The correction is effective May 10, 2007.

FOR FURTHER INFORMATION CONTACT: Kathryn Holman of the Office of the 
Associate Chief Counsel (International), (202) 622-3840 (not a toll-
free call).

SUPPLEMENTARY INFORMATION:

Background

    The final regulations that are the subject of this correction are 
under sections 871 and 881 of the Internal Revenue Code.

Need for Correction

    As published, final regulations (TD 9323) contain errors that may 
prove to be misleading and are in need of clarification.

Correction of Publication

    Accordingly, the publication of the final regulations (TD 9323), 
which were the subject of FR Doc. E7-6766, is corrected as follows:
    1. On page 18386, column 3, in the preamble, under the paragraph 
heading ``1. Time for Applying the 10-Percent Shareholder Test'', ninth 
line of the last paragraph of the column, the language ``under section 
6031(c) is mailed, or the'' is corrected to read ``under section 
6031(b) is mailed, or the''.
    2. On page 18387, column 1, in the preamble, under the paragraph 
heading ``1. Time for Applying the 10-Percent Shareholder Test'', tenth 
line of the first paragraph of the column, the language ``section 
6031(c) is mailed or otherwise'' is corrected to read ``section 6031(b) 
is mailed or otherwise''.

LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. E7-8923 Filed 5-9-07; 8:45 am]
BILLING CODE 4830-01-P

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