Drawbridge Operation Regulations; Kennebec River, Bath and Woolwich, ME, 57487-57488 [07-4998]
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Federal Register / Vol. 72, No. 195 / Wednesday, October 10, 2007 / Rules and Regulations
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[TD 9353]
RIN 1545–BC67
Section 1045 Application to
Partnerships; Correction
Internal Revenue Service (IRS),
Treasury.
ACTION: Correcting amendments.
AGENCY:
SUMMARY: This document contains
corrections to final regulations (TD
9353) that were published in the
Federal Register on Tuesday, August
14, 2007 (72 FR 45346) relating to the
application of section 1045 of the
Internal Revenue Code to partnerships
and their partners.
DATES: This correction is effective
October 10, 2007.
FOR FURTHER INFORMATION CONTACT: Jian
H. Grant at (202) 622–3050 (not a tollfree number).
SUPPLEMENTARY INFORMATION:
Background
The final regulations that are the
subject of this correction are under
section 1045 of the Internal Revenue
Code.
(c) * * *
(1) * * *
(i) * * * A taxpayer other than a C
corporation that sells QSB stock held for
more than 6 months at the time of the
sale may elect in accordance with
paragraph (h) of this section to apply
section 1045 if replacement QSB stock
is purchased by a purchasing
partnership (including a selling
partnership).
*
*
*
*
*
(2) * * *
(i) General rule.
*
*
*
*
*
(h) * * *
(3) * * *
(i) * * *
Example 3. * * *
(i) On January 1, 2008, A, an individual,
and B, an individual, each contribute $500 to
UTP (upper-tier partnership) for equal
partnership interests. On February 1, 2008,
UTP and C, an individual, each contribute
$1,000 to LTP (lower-tier partnership) for
equal partnership interests. On March 1,
2008, LTP purchases QSB stock for $500. On
April 1, 2008, D, an individual, joins UTP by
contributing $500 to UTP for a 1/3 interest
in UTP. On December 1, 2008, LTP sells the
QSB stock for $2,000. * * *
*
Need for Correction
As published, final regulations (TD
9353) 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.
*
*
*
*
Example 5. * * *
(v) * * * In accordance with the principles
of § 1.743–1(j)(3), the amount of A’s gain
from the March 30, 2009, sale of replacement
QSB1 stock in which A has a $200 negative
basis adjustment equals $300 (A’s share of
PRS’ gain from the sale of replacement QSB1
stock ($100), increased by the amount of A’s
negative basis adjustment for replacement
QSB1 stock ($200)). * * *
Correction of Publication
*
Accordingly, 26 CFR part 1 is
corrected by making the following
amendments:
Example 12. * * *
(ii) Because A purchased within 60 days of
PRS’ sale of the QSB stock, replacement QSB
stock for a cost equal to A’s share of the
partnership’s amount realized on the sale of
the QSB stock, and because A made a valid
election to apply section 1045 with respect
to A’s share of the gain from PRS’ sale of the
QSB stock, A does not recognize A’s $100
distributive share of the gain from PRS’ sale
of the QSB stock. * * *
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 * * *
Par. 2. Section 1.1045–1 is amended
by revising the last sentence of
paragraph (c)(1)(i), the subtitle of
paragraph (c)(2)(i), the first five
sentences of paragraph (h)(3)(i) Example
3.(i), the fourth sentence of (h)(3)(i)
Example 5.(v), and the first sentence of
(h)(3)(i) Example 12.(ii) to read as
follows:
rmajette on PROD1PC64 with RULES
I
§ 1.1045–1
*
*
*
*
*
*
*
*
LaNita Van Dyke,
Chief, Publications and Regulations Branch,
Legal Processing Division, Associate Chief
Counsel (Procedure and Administration).
[FR Doc. E7–19869 Filed 10–9–07; 8:45 am]
BILLING CODE 4830–01–P
Application to partnerships.
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57487
DEPARTMENT OF HOMELAND
SECURITY
Coast Guard
33 CFR Part 117
[CGD01–07–136]
Drawbridge Operation Regulations;
Kennebec River, Bath and Woolwich,
ME
Coast Guard, DHS.
Notice of temporary deviation
from regulations.
AGENCY:
ACTION:
SUMMARY: The Commander, First Coast
Guard District, has issued a temporary
deviation from the regulation governing
the operation of the Carlton Bridge
across the Kennebec River at mile 14.0,
between Bath and Woolwich, Maine.
Under this temporary deviation the
Carlton Bridge may remain in the closed
position from 6:30 a.m. to 6:30 p.m. for
seven days; October 1, 2, 8, 9, 15, 16,
and 22, 2007, to facilitate bridge
painting operations. Vessels that can
pass under the draw without a bridge
opening may do so at all times. This
deviation is necessary to facilitate
bridge painting.
DATES: This deviation is effective from
October 1, 2007 through October 22,
2007.
ADDRESSES: Materials referred to in this
document are available for inspection or
copying at the First Coast Guard
District, Bridge Branch Office, 408
Atlantic Avenue, Boston, Massachusetts
02110, between 7 a.m. and 3 p.m.,
Monday through Friday, except Federal
holidays. The telephone number is (617)
223–8364. The First Coast Guard
District Bridge Branch Office maintains
the public docket for this temporary
deviation.
FOR FURTHER INFORMATION CONTACT: John
McDonald, Project Officer, First Coast
Guard District, at (617) 223–8364.
SUPPLEMENTARY INFORMATION: The
Carlton Bridge, across the Kennebec
River, mile 14.0, between Bath and
Woolwich, Maine, has a vertical
clearance in the closed position of 10
feet at mean high water and 16 feet at
mean low water. The existing
drawbridge operation regulations are
listed at 33 CFR 117.525.
The owner of the bridge, Maine
Department of Transportation, requested
a temporary deviation to facilitate
bridge painting operations at the Carlton
Bridge.
The bridge painting will be performed
on the lift span end sections which
requires the lift span to be raised up 6
feet and locked in that position in order
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57488
Federal Register / Vol. 72, No. 195 / Wednesday, October 10, 2007 / Rules and Regulations
to install paint containment, sandblast
the metal, and paint the bridge span
ends.
This work must be performed before
the ambient air temperature becomes
too cold for outdoor painting.
Historically, there were thirteen
requests to open the Carlton Bridge in
September 2006, and eleven requests to
open in October 2006. Those totals were
for the entire month.
The requested bridge closure dates to
complete the bridge painting at the
bridge for 2007, will all be on Monday
and Tuesday when recreational boating
activity is very low.
Under this temporary deviation the
Carlton Bridge need not open for the
passage of vessel traffic between 6:30
a.m. and 6:30 p.m.; October 1, 2, 8, 9,
15, 16, and 22, 2007. Vessels that can
pass under the bridge without a bridge
opening may do so at all times.
In accordance with 33 CFR 117.35(e),
the bridge must return to its regular
operating schedule immediately at the
end of the designated time period. This
deviation from the operating regulations
is authorized under 33 CFR 117.35.
Should the bridge maintenance
authorized by this temporary deviation
be completed before the end of the
effective period published in this notice,
the Coast Guard will rescind the
remainder of this temporary deviation,
and the bridge shall be returned to its
normal operation schedule.
Notice of the above action shall be
provided to the public in the Local
Notice to Mariners and the Federal
Register, where practicable.
Dated: September 28, 2007.
Gary Kassof,
Bridge Program Manager, First Coast Guard
District.
[FR Doc. 07–4998 Filed 10–4–07; 3:08 pm]
BILLING CODE 4910–15–P
POSTAL SERVICE
39 CFR Part 111
Temporary Mail Forwarding Policy
Postal Service.
ACTION: Final rule.
rmajette on PROD1PC64 with RULES
AGENCY:
SUMMARY: The Postal Service published
an interim rule and request for comment
on amendments to the standards in the
Mailing Standards of the United States
Postal Service, Domestic Mail Manual
(DMM) concerning temporary change of
address orders. The Postal Service is
adopting the interim rule with clarifying
revisions.
DATES: Effective Date: October 10, 2007.
VerDate Aug<31>2005
15:16 Oct 09, 2007
Jkt 214001
FOR FURTHER INFORMATION CONTACT:
Charles B. Hunt, Product Management,
(901) 681–4651, James Wilson, Address
Management, (901) 681–4676.
SUPPLEMENTARY INFORMATION: On July 7,
2006, the Postal Service published an
interim final rule in the Federal
Register revising the DMM standards
concerning the duration and submission
of change of address orders. 71 FR
38537. The notice also invited public
comment concerning the changes. The
Postal Service received five customer
comments on the revisions.
Four of the comments oppose the
establishment of a six month limit on
the duration of the initial temporary
change-of-address order, stating their
preference for a longer period such as
seven or eight months if not the current
period of up to one year. Some
commenters appeared to misunderstand
the new rule, believing that it reduces
the amount of time for temporary
change-of-address service from one year
to six months. Others, not appearing to
have this misunderstanding, based their
comments on the inconvenience of
submitting a second temporary change
order.
As explained in the interim rule, the
change does not reduce the maximum
time for which customers can obtain
temporary change-of-address service,
which remains up to one year. The
change only requires customers to
submit a second request if they need the
service for more than six months. Since
the majority (approximately 62 percent)
of all temporary change-of-address
requests are for less than six months,
most requests will not be affected by the
new policy. We realize that some
customers may be inconvenienced by
the requirement to submit a second
request to extend their forwarding order.
However, we will minimize the
inconvenience by sending customers a
reminder to submit a second temporary
forwarding request if they desire
additional forwarding time. We believe
that limiting initial requests to six
months will benefit customers who
inadvertently fail to state an ending date
on a temporary change of address order.
Two commenters opposed extending
the minimum duration of temporary
change of address orders. One suggested
that service be provided for shorter time
periods for a fee, while the other
suggested customers be required to
submit the requests far enough in
advance to permit them to be processed
in time in order to be applied to the
shorter period.
As explained in the interim rule, the
time needed to process and redirect the
mail of temporary change-of-address
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orders may approach two weeks.
Accordingly, the acceptance of shortterm forwarding orders results in
instances where mail does not arrive
prior to the date the customer leaves the
temporary address. This mail must be
redirected again to the permanent
address, resulting in additional
handling by the Postal Service and
delay in receipt of mail for the
customer. The imposition of a fee for
short-term temporary change-of-address
service would not alter this pattern.
Furthermore, while the Postal Service
encourages customers to file change-ofaddress orders in advance of their move,
it cannot, as a practical matter, require
customers to submit them by a specific
date since circumstances may require
temporary moves on the part of a
customer with little advance notice.
Accordingly, for the reasons
explained here as well as in the interim
rule, the Postal Service adopts the
interim rule as a final rule with the
additional changes discussed below.
These changes are based on review of
the comments and further internal
consideration of the standards.
The additional changes to DMM
507.2.1.3 adopted in this final rule are
intended to clarify the time periods for
temporary change of address orders.
That is, the revisions provide more
precise information for customers by
also expressing the periods in days.
Accordingly, the changes state the
minimum duration for a change of
address order is 15 days; the maximum
duration for the initial change of
address order is 185 days; and the
maximum duration for the additional
change of address order is 179 days. A
customer seeking the longest duration
for temporary change of address, can
accordingly submit an initial order for
185 days and a second order for 179
more days, thus reaching the maximum
period of 364 days.
The Postal Service adopts the
following revisions of the DMM,
incorporated by reference in the Code of
Federal Regulations. See 39 CFR 111.1,
111.4.
List of Subjects in 39 CFR Part 111
Administrative practice and
procedure, Postal Service.
I Accordingly, 39 CFR part 111 is
amended as follows:
PART 111—[AMENDED]
1. The authority citation for 39 CFR
part 111 continues to read as follows:
I
Authority: 5 U.S.C. 552(a); 39 U.S.C. 101,
401, 403, 404, 414, 416, 3001–3011, 3201–
3219, 3403–3406, 3621, 3626, 5001.
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Agencies
[Federal Register Volume 72, Number 195 (Wednesday, October 10, 2007)]
[Rules and Regulations]
[Pages 57487-57488]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 07-4998]
=======================================================================
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DEPARTMENT OF HOMELAND SECURITY
Coast Guard
33 CFR Part 117
[CGD01-07-136]
Drawbridge Operation Regulations; Kennebec River, Bath and
Woolwich, ME
AGENCY: Coast Guard, DHS.
ACTION: Notice of temporary deviation from regulations.
-----------------------------------------------------------------------
SUMMARY: The Commander, First Coast Guard District, has issued a
temporary deviation from the regulation governing the operation of the
Carlton Bridge across the Kennebec River at mile 14.0, between Bath and
Woolwich, Maine. Under this temporary deviation the Carlton Bridge may
remain in the closed position from 6:30 a.m. to 6:30 p.m. for seven
days; October 1, 2, 8, 9, 15, 16, and 22, 2007, to facilitate bridge
painting operations. Vessels that can pass under the draw without a
bridge opening may do so at all times. This deviation is necessary to
facilitate bridge painting.
DATES: This deviation is effective from October 1, 2007 through October
22, 2007.
ADDRESSES: Materials referred to in this document are available for
inspection or copying at the First Coast Guard District, Bridge Branch
Office, 408 Atlantic Avenue, Boston, Massachusetts 02110, between 7
a.m. and 3 p.m., Monday through Friday, except Federal holidays. The
telephone number is (617) 223-8364. The First Coast Guard District
Bridge Branch Office maintains the public docket for this temporary
deviation.
FOR FURTHER INFORMATION CONTACT: John McDonald, Project Officer, First
Coast Guard District, at (617) 223-8364.
SUPPLEMENTARY INFORMATION: The Carlton Bridge, across the Kennebec
River, mile 14.0, between Bath and Woolwich, Maine, has a vertical
clearance in the closed position of 10 feet at mean high water and 16
feet at mean low water. The existing drawbridge operation regulations
are listed at 33 CFR 117.525.
The owner of the bridge, Maine Department of Transportation,
requested a temporary deviation to facilitate bridge painting
operations at the Carlton Bridge.
The bridge painting will be performed on the lift span end sections
which requires the lift span to be raised up 6 feet and locked in that
position in order
[[Page 57488]]
to install paint containment, sandblast the metal, and paint the bridge
span ends.
This work must be performed before the ambient air temperature
becomes too cold for outdoor painting.
Historically, there were thirteen requests to open the Carlton
Bridge in September 2006, and eleven requests to open in October 2006.
Those totals were for the entire month.
The requested bridge closure dates to complete the bridge painting
at the bridge for 2007, will all be on Monday and Tuesday when
recreational boating activity is very low.
Under this temporary deviation the Carlton Bridge need not open for
the passage of vessel traffic between 6:30 a.m. and 6:30 p.m.; October
1, 2, 8, 9, 15, 16, and 22, 2007. Vessels that can pass under the
bridge without a bridge opening may do so at all times.
In accordance with 33 CFR 117.35(e), the bridge must return to its
regular operating schedule immediately at the end of the designated
time period. This deviation from the operating regulations is
authorized under 33 CFR 117.35.
Should the bridge maintenance authorized by this temporary
deviation be completed before the end of the effective period published
in this notice, the Coast Guard will rescind the remainder of this
temporary deviation, and the bridge shall be returned to its normal
operation schedule.
Notice of the above action shall be provided to the public in the
Local Notice to Mariners and the Federal Register, where practicable.
Dated: September 28, 2007.
Gary Kassof,
Bridge Program Manager, First Coast Guard District.
[FR Doc. 07-4998 Filed 10-4-07; 3:08 pm]
BILLING CODE 4910-15-P