Standard Instrument Approach Procedures; Miscellaneous Amendments, 32791-32792 [E7-11144]

Download as PDF Federal Register / Vol. 72, No. 114 / Thursday, June 14, 2007 / Rules and Regulations code_of_federal_regulations/ ibr_locations.html. (f) This amendment becomes effective on July 19, 2007. Issued in Fort Worth, Texas, on June 5, 2007. Mark R. Schilling, Acting Manager, Rotorcraft Directorate, Aircraft Certification Service. [FR Doc. E7–11393 Filed 6–13–07; 8:45 am] BILLING CODE 4910–13–P DEPARTMENT OF TRANSPORTATION Federal Aviation Administration 14 CFR Part 97 [Docket No. 30554; Amdt. No. 3222] Standard Instrument Approach Procedures; Miscellaneous Amendments Federal Aviation Administration (FAA), DOT. ACTION: Final rule. AGENCY: SUMMARY: This amendment amends Standard Instrument Approach Procedures (SIAPs) for operations at certain airports. These regulatory actions are needed because of changes occurring in the National Airspace System, such as the commissioning of new navigational facilities, addition of new obstacles, or changes in air traffic requirements. These changes are designed to provide safe and efficient use of the navigable airspace and to promote safe flight operations under instrument flight rules at the affected airports. This rule is effective June 14, 2007. The compliance date for each SIAP is specified in the amendatory provisions. The incorporation by reference of certain publications listed in the regulations is approved by the Director of the Federal Register as of June 14, 2007. DATES: Availability of matter incorporated by reference in the amendment is as follows: For Examination— 1. FAA Rules Docket, FAA Headquarters Building, 800 Independence Ave., SW., Washington, DC 20591; 2. The FAA Regional Office of the region in which affected airport is located; or 3. The National Flight Procedures Office, 6500 South MacArthur Blvd., Oklahoma City, OK 73169 or, 4. The National Archives and Records Administration (NARA). For pwalker on PROD1PC71 with RULES ADDRESSES: VerDate Aug<31>2005 17:11 Jun 13, 2007 Jkt 211001 information on the availability of this material at NARA, call 202–741–6030, or go to: http://www.archives.gov/ federal_register/ code_of_federal_regulations/ ibr_locations.html. For Purchase—Individual SIAP copies may be obtained from: 1. FAA Public Inquiry Center (APA– 200), FAA Headquarters Building, 800 Independence Avenue, SW., Washington, DC 20591; or 2. The FAA Regional Office of the region in which the affected airport is located. By Subscription—Copies of all SIAPs, mailed once every 2 weeks, are for sale by the Superintendent of Documents, U.S. Government Printing Office, Washington, DC 20402. FOR FURTHER INFORMATION CONTACT: Donald P. Pate, Flight Procedure Standards Branch (AFS–420), Flight Technologies and Programs Division, Flight Standards Service, Federal Aviation Administration, Mike Monroney Aeronautical Center, 6500 South MacArthur Blvd. Oklahoma City, OK 73169 (Mail Address: P.O. Box 25082 Oklahoma City, OK 73125) telephone: (405) 954–4164. SUPPLEMENTARY INFORMATION: This amendment to Title 14, Code of Federal Regulations, Part 97 (14 CFR part 97) amends Standard Instrument Approach Procedures (SIAPs). The complete regulatory description of each SIAP is contained in the appropriate FAA Form 8260, as modified by the National Flight Data Center (FDC)/Permanent Notice to Airmen (P–NOTAM), which is incorporated by reference in the amendment under 5 U.S.C. 552(a), 1 CFR part 51, and § 97.20 of the Code of Federal Regulations. Materials incorporated by reference are available for examination or purchase as stated above. The large number of SIAPs, their complex nature, and the need for a special format make their verbatim publication in the Federal Register expensive and impractical. Further, airmen do not use the regulatory text of the SIAPs, but refer to their graphic depiction on charts printed by publishers of aeronautical materials. Thus, the advantages of incorporation by reference are realized and publication of the complete description of each SIAP contained in FAA form documents is unnecessary. The provisions of this amendment state the affected CFR sections, with the types and effective dates of the SIAPs. This amendment also identifies the airport, its location, the procedure identification and the amendment number. PO 00000 Frm 00019 Fmt 4700 Sfmt 4700 32791 The Rule This amendment to 14 CFR part 97 is effective upon publication of each separate SIAP as amended in the transmittal. For safety and timeliness of change considerations, this amendment incorporates only specific changes contained for each SIAP as modified by FDC/P–NOTAMs. The SIAPs, as modified by FDC P– NOTAM, and contained in this amendment are based on the criteria contained in the U.S. Standard for Terminal Instrument Procedures (TERPS). In developing these chart changes to SIAPs, the TERPS criteria were applied to only these specific conditions existing at the affected airports. All SIAP amendments in this rule have been previously issued by the FAA in a FDC NOTAM as an emergency action of immediate flight safety relating directly to published aeronautical charts. The circumstances which created the need for all these SIAP amendments requires making them effective in less than 30 days. Further, the SIAPs contained in this amendment are based on the criteria contained in TERPS. Because of the close and immediate relationship between these SIAPs and safety in air commerce, I find that notice and public procedure before adopting these SIAPs are impracticable and contrary to the public interest and, where applicable, that good cause exists for making these SIAPs effective in less than 30 days. Conclusion The FAA has determined that this regulation only involves an established body of technical regulations for which frequent and routine amendments are necessary to keep them operationally current. It, therefore—(1) is not a ‘‘significant regulatory action’’ under Executive Order 12866; (2) is not a ‘‘significant rule’’ under DOT Regulatory Policies and Procedures (44 FR 11034; February 26, 1979); and (3) does not warrant preparation of a regulatory evaluation as the anticipated impact is so minimal. For the same reason, the FAA certifies that this amendment will not have a significant economic impact on a substantial number of small entities under the criteria of the Regulatory Flexibility Act. List of Subjects in 14 CFR Part 97 Air Traffic Control, Airports, Incorporation by reference, and Navigation (Air). E:\FR\FM\14JNR1.SGM 14JNR1 32792 Federal Register / Vol. 72, No. 114 / Thursday, June 14, 2007 / Rules and Regulations Issued in Washington, DC on June 1, 2007. James J. Ballough, Director, Flight Standards Service. Adoption of the Amendment Accordingly, pursuant to the authority delegated to me, Title 14, Code of Federal regulations, Part 97, 14 CFR part 97, is amended by amending Standard Instrument Approach Procedures, effective at 0901 UTC on the dates specified, as follows: I or TACAN; § 97.25 LOC, LOC/DME, LDA, LDA/DME, LDA w/GS, SDF, SDF/ DME; § 97.27 NDB, NDB/DME; § 97.29 ILS, MLS, TLS, GLS, WAAS PA, MLS/ RNAV; § 97.31 RADAR SIAPs; § 97.33 RNAV SIAPs; § 97.35 COPTER SIAPs, § 97.37 Takeoff Minima and Obstacle Departure Procedures. Identified as follows: PART 97—STANDARD INSTRUMENT APPROACH PROCEDURES 1. The authority citation for part 97 continues to read as follows: I Authority: 49 U.S.C. 106(g), 40103, 40106, 40113, 40114, 40120, 44502, 44514, 44701, 44719, 44721–44722. 2. Part 97 is amended to read as follows: By amending: § 97.23 VOR, VOR/ DME, VOR or TACAN, and VOR/DME I * * * Effective Upon Publication FDC date State City Airport 5/22/07 ......... NY ... MONTAUK ................ MONTAUK .............................................. 7/1798 5/23/07 ......... MD .. BALTIMORE .............. 7/2223 5/23/07 5/23/07 5/23/07 5/23/07 5/23/07 VT PA TN TN PA SPRINGFIELD ........... KUTZTOWN .............. KNOXVILLE .............. KNOXVILLE .............. POTTSTOWN ............ BALTIMORE-WASHINGTON INTL THURGOOD MARSHALL. HARTNESS STATE (SPRINGFIELD) .... KUTZTOWN ............................................ MCGHEE-TYSON ................................... MCGHEE-TYSON ................................... POTTSTOWN LIMERICK ....................... TAKEOFF MINIMS AND OBSTACLE DP, AMDT 2. RNAV (GPS) RWY 33L, ORIG–A. 7/2224 7/2225 7/2226 7/2227 7/2228 NDB A, AMDT 6. VOR A, AMDT 1A. NDB RWY 5R, AMDT 5. ILS OR LOC RWY 5L, AMDT 8. VOR/DME A, AMDT 3. ......... ......... ......... ......... ......... ... ... ... ... ... [FR Doc. E7–11144 Filed 6–13–07; 8:45 am] Background BILLING CODE 4910–13–P Section 382 DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Part 1 [TD 9330] RIN 1545–BG66 Built-in Gains and Losses Under Section 382(h) Internal Revenue Service (IRS), Treasury. ACTION: Temporary regulations. AGENCY: pwalker on PROD1PC71 with RULES FDC No. SUMMARY: This document contains temporary regulations that apply to corporations that have undergone ownership changes within the meaning of section 382. These regulations provide guidance regarding the treatment of prepaid income under the built-in gain provisions of section 382(h). The text of these temporary regulations also serves as the text of the proposed regulations set forth in the notice of proposed rulemaking on this subject in the Proposed Rules section in this issue of the Federal Register. DATES: Effective Date: These regulations are effective on June 14, 2007. Applicability Date: For dates of applicability, see § 1.382–7T(b). FOR FURTHER INFORMATION CONTACT: Keith Stanley at (202) 622–7750 (not a toll-free number). SUPPLEMENTARY INFORMATION: VerDate Aug<31>2005 17:11 Jun 13, 2007 Jkt 211001 Section 382 limits, after a more than 50 percent change in stock ownership (ownership change), the amount of a loss corporation’s taxable income for any post-change year that may be offset by pre-change losses. The amount of the limitation each year is equal to the product of the fair market value of all the stock of the loss corporation immediately before the ownership change multiplied by the applicable long-term tax-exempt rate (section 382 limitation). Section 382(h)(1)(A) provides that if the loss corporation has a net unrealized built-in gain (NUBIG), the section 382 limitation for any taxable year ending within a 5-year recognition period is increased by the recognized built-in gain (RBIG) for the taxable year, subject to the NUBIG limitation. Section 382(h)(2)(A) defines RBIG as any gain recognized during the 5-year recognition period on the disposition of any asset to the extent the loss corporation establishes that (i) It held the asset on the change date and (ii) such gain does not exceed the asset’s built-in gain on the change date. Section 382(h)(6)(A) also treats as RBIG any item of income ‘‘properly taken into account during the recognition period’’ if the item is ‘‘attributable to periods before the change date.’’ In Notice 2003–65 (2003–2 CB 747), the IRS provided interim guidance regarding the identification of built-in gains and losses under section 382(h). The Notice provides, among other things, that a loss corporation may use PO 00000 Frm 00020 Fmt 4700 Sfmt 4700 Subject the 338 approach in determining the amount of its RBIG or recognized builtin loss (RBIL) for purposes of section 382(h). The 338 approach identifies items of RBIG and RBIL generally by comparing the loss corporation’s actual items of income, gain, deduction, and loss with those that would have resulted if a section 338 election had been made with respect to a hypothetical purchase of all of the outstanding stock of the loss corporation on the change date. Prepaid Income Generally, a taxpayer, including an accrual method taxpayer that receives payments in advance of performance, must include the payments in gross income in the taxable year of receipt without regard to whether the required performance has occurred. In Schlude v. Commissioner, 372 U.S. 128 (1963), the Supreme Court held that advance payments for dance lessons were includable in gross income when received because the payments were nonrefundable and the services were provided on demand of the student. In American Automobile Association v. United States, 367 U.S. 687 (1961), the Supreme Court held that membership dues entitling members to emergency road assistance and trip-planning services were includable in gross income when received, even though the taxpayer’s method reflected income in accordance with generally accepted accounting principles (which generally operate to defer income recognition until the item is economically earned). However, courts have allowed the deferral of prepaid income in limited circumstances. In Artnell Co. v. E:\FR\FM\14JNR1.SGM 14JNR1

Agencies

[Federal Register Volume 72, Number 114 (Thursday, June 14, 2007)]
[Rules and Regulations]
[Pages 32791-32792]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-11144]


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DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 97

[Docket No. 30554; Amdt. No. 3222]


Standard Instrument Approach Procedures; Miscellaneous Amendments

AGENCY: Federal Aviation Administration (FAA), DOT.

ACTION: Final rule.

-----------------------------------------------------------------------

SUMMARY: This amendment amends Standard Instrument Approach Procedures 
(SIAPs) for operations at certain airports. These regulatory actions 
are needed because of changes occurring in the National Airspace 
System, such as the commissioning of new navigational facilities, 
addition of new obstacles, or changes in air traffic requirements. 
These changes are designed to provide safe and efficient use of the 
navigable airspace and to promote safe flight operations under 
instrument flight rules at the affected airports.

DATES: This rule is effective June 14, 2007. The compliance date for 
each SIAP is specified in the amendatory provisions.
    The incorporation by reference of certain publications listed in 
the regulations is approved by the Director of the Federal Register as 
of June 14, 2007.

ADDRESSES: Availability of matter incorporated by reference in the 
amendment is as follows:
    For Examination--
    1. FAA Rules Docket, FAA Headquarters Building, 800 Independence 
Ave., SW., Washington, DC 20591;
    2. The FAA Regional Office of the region in which affected airport 
is located; or
    3. The National Flight Procedures Office, 6500 South MacArthur 
Blvd., Oklahoma City, OK 73169 or,
    4. The National Archives and Records Administration (NARA). For 
information on the availability of this material at NARA, call 202-741-
6030, or go to: http://www.archives.gov/federal_register/code_of_
federal_regulations/ibr_locations.html.
    For Purchase--Individual SIAP copies may be obtained from:
    1. FAA Public Inquiry Center (APA-200), FAA Headquarters Building, 
800 Independence Avenue, SW., Washington, DC 20591; or
    2. The FAA Regional Office of the region in which the affected 
airport is located.
    By Subscription--Copies of all SIAPs, mailed once every 2 weeks, 
are for sale by the Superintendent of Documents, U.S. Government 
Printing Office, Washington, DC 20402.

FOR FURTHER INFORMATION CONTACT: Donald P. Pate, Flight Procedure 
Standards Branch (AFS-420), Flight Technologies and Programs Division, 
Flight Standards Service, Federal Aviation Administration, Mike 
Monroney Aeronautical Center, 6500 South MacArthur Blvd. Oklahoma City, 
OK 73169 (Mail Address: P.O. Box 25082 Oklahoma City, OK 73125) 
telephone: (405) 954-4164.

SUPPLEMENTARY INFORMATION: This amendment to Title 14, Code of Federal 
Regulations, Part 97 (14 CFR part 97) amends Standard Instrument 
Approach Procedures (SIAPs). The complete regulatory description of 
each SIAP is contained in the appropriate FAA Form 8260, as modified by 
the National Flight Data Center (FDC)/Permanent Notice to Airmen (P-
NOTAM), which is incorporated by reference in the amendment under 5 
U.S.C. 552(a), 1 CFR part 51, and Sec.  97.20 of the Code of Federal 
Regulations. Materials incorporated by reference are available for 
examination or purchase as stated above.
    The large number of SIAPs, their complex nature, and the need for a 
special format make their verbatim publication in the Federal Register 
expensive and impractical. Further, airmen do not use the regulatory 
text of the SIAPs, but refer to their graphic depiction on charts 
printed by publishers of aeronautical materials. Thus, the advantages 
of incorporation by reference are realized and publication of the 
complete description of each SIAP contained in FAA form documents is 
unnecessary. The provisions of this amendment state the affected CFR 
sections, with the types and effective dates of the SIAPs. This 
amendment also identifies the airport, its location, the procedure 
identification and the amendment number.

The Rule

    This amendment to 14 CFR part 97 is effective upon publication of 
each separate SIAP as amended in the transmittal. For safety and 
timeliness of change considerations, this amendment incorporates only 
specific changes contained for each SIAP as modified by FDC/P-NOTAMs.
    The SIAPs, as modified by FDC P-NOTAM, and contained in this 
amendment are based on the criteria contained in the U.S. Standard for 
Terminal Instrument Procedures (TERPS). In developing these chart 
changes to SIAPs, the TERPS criteria were applied to only these 
specific conditions existing at the affected airports. All SIAP 
amendments in this rule have been previously issued by the FAA in a FDC 
NOTAM as an emergency action of immediate flight safety relating 
directly to published aeronautical charts. The circumstances which 
created the need for all these SIAP amendments requires making them 
effective in less than 30 days.
    Further, the SIAPs contained in this amendment are based on the 
criteria contained in TERPS. Because of the close and immediate 
relationship between these SIAPs and safety in air commerce, I find 
that notice and public procedure before adopting these SIAPs are 
impracticable and contrary to the public interest and, where 
applicable, that good cause exists for making these SIAPs effective in 
less than 30 days.

Conclusion

    The FAA has determined that this regulation only involves an 
established body of technical regulations for which frequent and 
routine amendments are necessary to keep them operationally current. 
It, therefore--(1) is not a ``significant regulatory action'' under 
Executive Order 12866; (2) is not a ``significant rule'' under DOT 
Regulatory Policies and Procedures (44 FR 11034; February 26, 1979); 
and (3) does not warrant preparation of a regulatory evaluation as the 
anticipated impact is so minimal. For the same reason, the FAA 
certifies that this amendment will not have a significant economic 
impact on a substantial number of small entities under the criteria of 
the Regulatory Flexibility Act.

List of Subjects in 14 CFR Part 97

    Air Traffic Control, Airports, Incorporation by reference, and 
Navigation (Air).


[[Page 32792]]


    Issued in Washington, DC on June 1, 2007.
James J. Ballough,
Director, Flight Standards Service.

Adoption of the Amendment

0
Accordingly, pursuant to the authority delegated to me, Title 14, Code 
of Federal regulations, Part 97, 14 CFR part 97, is amended by amending 
Standard Instrument Approach Procedures, effective at 0901 UTC on the 
dates specified, as follows:

PART 97--STANDARD INSTRUMENT APPROACH PROCEDURES

0
1. The authority citation for part 97 continues to read as follows:

    Authority: 49 U.S.C. 106(g), 40103, 40106, 40113, 40114, 40120, 
44502, 44514, 44701, 44719, 44721-44722.

0
2. Part 97 is amended to read as follows:
    By amending: Sec.  97.23 VOR, VOR/DME, VOR or TACAN, and VOR/DME or 
TACAN; Sec.  97.25 LOC, LOC/DME, LDA, LDA/DME, LDA w/GS, SDF, SDF/DME; 
Sec.  97.27 NDB, NDB/DME; Sec.  97.29 ILS, MLS, TLS, GLS, WAAS PA, MLS/
RNAV; Sec.  97.31 RADAR SIAPs; Sec.  97.33 RNAV SIAPs; Sec.  97.35 
COPTER SIAPs, Sec.  97.37 Takeoff Minima and Obstacle Departure 
Procedures. Identified as follows:

* * * Effective Upon Publication

----------------------------------------------------------------------------------------------------------------
      FDC date         State                 City                    Airport        FDC No.         Subject
----------------------------------------------------------------------------------------------------------------
5/22/07............  NY.......  MONTAUK......................  MONTAUK...........     7/1798  TAKEOFF MINIMS AND
                                                                                               OBSTACLE DP, AMDT
                                                                                               2.
5/23/07............  MD.......  BALTIMORE....................  BALTIMORE-             7/2223  RNAV (GPS) RWY
                                                                WASHINGTON INTL                33L, ORIG-A.
                                                                THURGOOD MARSHALL.
5/23/07............  VT.......  SPRINGFIELD..................  HARTNESS STATE         7/2224  NDB A, AMDT 6.
                                                                (SPRINGFIELD).
5/23/07............  PA.......  KUTZTOWN.....................  KUTZTOWN..........     7/2225  VOR A, AMDT 1A.
5/23/07............  TN.......  KNOXVILLE....................  MCGHEE-TYSON......     7/2226  NDB RWY 5R, AMDT
                                                                                               5.
5/23/07............  TN.......  KNOXVILLE....................  MCGHEE-TYSON......     7/2227  ILS OR LOC RWY 5L,
                                                                                               AMDT 8.
5/23/07............  PA.......  POTTSTOWN....................  POTTSTOWN LIMERICK     7/2228  VOR/DME A, AMDT 3.
----------------------------------------------------------------------------------------------------------------

[FR Doc. E7-11144 Filed 6-13-07; 8:45 am]
BILLING CODE 4910-13-P