Calculating and Apportioning the Section 11(b)(1) Additional Tax Under Section 1561 for Controlled Groups; Correction, 4695 [E8-1367]
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Federal Register / Vol. 73, No. 18 / Monday, January 28, 2008 / Rules and Regulations
Par. 2. Section 1.1561–2T is amended
by revising paragraph (b)(1) to read as
follows:
I
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[TD 9369]
§ 1.1561–2T Special rules for allocating
reductions to certain section 1561(a) taxbenefit items (temporary).
*
RIN 1545–BG40
Calculating and Apportioning the
Section 11(b)(1) Additional Tax Under
Section 1561 for Controlled Groups;
Correction
Internal Revenue Service (IRS),
Treasury.
ACTION: Correcting amendment.
AGENCY:
SUMMARY: This document contains a
correction to temporary regulations (TD
9369) that were published in the
Federal Register on Wednesday,
December 26, 2007 (72 FR 72929)
affecting component members of a
controlled group of corporations and
consolidated groups filing life-nonlife
Federal income tax returns. These
regulations provide guidance for
calculating and apportioning between
component members any amount of
additional tax and any reduction in the
amount exempted from the alternative
minimum tax.
DATES: The correction is effective
January 28, 2008.
FOR FURTHER INFORMATION CONTACT: Grid
Glyer, (202) 622–7930 (not a toll-free
number).
SUPPLEMENTARY INFORMATION:
The temporary regulations (TD 9369)
that are the subject of the correction are
under sections 11, 55, 1502, 1561 and
1563 of the Internal Revenue Code.
Need for Correction
As published, temporary regulations
(TD 9369) 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.
Correction of Publication
Accordingly, 26 CFR part 1 is
corrected by making the following
amendment:
sroberts on PROD1PC70 with RULES
I
PART 1—INCOME TAXES
Paragraph 1. The authority citation
for part 1 continues to read, in part, as
follows:
Authority: 26 U.S.C. 7805 * * *
VerDate Aug<31>2005
18:32 Jan 25, 2008
Jkt 214001
LaNita Van Dyke,
Chief, Publications and Regulations
Branch,Legal Processing Division,Associate
Chief Counsel,(Procedure and
Administration).
[FR Doc. E8–1367 Filed 1–25–08; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF HOMELAND
SECURITY
Coast Guard
33 CFR Part 165
[Docket No. USCG–2007–0128]
RIN 1625–AA00
Safety Zone; Molokini Crater, Maui, HI
Background
I
*
*
*
*
(b) * * *
(1) Calculation. The alternative
minimum taxable incomes for all the
taxable years of the component
members of a controlled group of
corporations subjected to the same
December 31st testing date shall be
taken into account in calculating the
reduction set forth in section 55(d)(3) to
the amount exempted from the
alternative minimum tax (the exemption
amount).
*
*
*
*
*
Coast Guard, DHS.
Temporary final rule; request for
comments.
AGENCY:
ACTION:
SUMMARY: The Coast Guard is
establishing a temporary safety zone
around Molokini Crater, in waters south
of the island of Maui, HI. This zone is
necessary to protect rescue and security
assets, air crews, and the general public
from hazards associated with an
explosive ordnance disposal (EOD)
process scheduled to take place on
Molokini Crater. Entry of persons or
vessels into this safety zone is
prohibited unless authorized by the
Captain of the Port (COTP) Honolulu.
DATES: This rule is effective from
January 27, 2008 through February 8,
2008. The Coast Guard will accept
comments on this rule through February
8, 2008.
ADDRESSES: You may submit comments
and related material, identified by Coast
Guard docket number USCG–2007–
0128, by any of the four methods listed
PO 00000
Frm 00013
Fmt 4700
Sfmt 4700
4695
below. To avoid duplication, please use
only one of the following methods:
(1) Mail: Commanding Officer, U.S.
Coast Guard Sector Honolulu, 400 Sand
Island Parkway, Honolulu, Hawaii
96819–4398.
(2) Electronically: E-mail to
Lieutenant (Junior Grade) Jasmin Parker
at Jasmin.M.Parker@uscg.mil using the
subject line ‘‘Comment—Molokini
Safety Zone.’’
(3) Fax: (808) 522–8271.
(4) Online: https://
www.regulations.gov.
Documents indicated in this preamble
as being available in the docket are part
of docket USCG–2007–0128 and are
available for inspection and copying at
U.S. Coast Guard Sector Honolulu
between 7 a.m. and 3:30 p.m., Monday
through Friday, except Federal holidays.
FOR FURTHER INFORMATION CONTACT:
Lieutenant (Junior Grade) Jasmin Parker,
U.S. Coast Guard Sector Honolulu at
(808) 842–2600.
SUPPLEMENTARY INFORMATION:
Regulatory Information
We did not publish a notice of
proposed rulemaking (NPRM) for this
temporary rule. Under 5 U.S.C.
553(b)(B), the Coast Guard finds that
good cause exists for not publishing an
NPRM. It would be contrary to the
public interest to delay implementing
this temporary rule, as any delay might
result in damage or injury to the public,
vessels, and facilities in the area of
Molokini Crater. For the same reasons,
under 5 U.S.C. 553(d)(3), the Coast
Guard finds that good cause exists for
making this temporary rule effective less
than 30 days after publication in the
Federal Register.
Although the Coast Guard has good
cause to issue this temporary rule
without first publishing a proposed rule,
you are invited to submit postpromulgation comments and related
material regarding this rule through
February 8, 2008. All comments will be
reviewed as they are received. Your
comments will assist us in drafting
future rules should they be necessary,
and may cause us to change this
temporary final rule before it expires.
All comments received will be posted,
without change, to https://
www.regulations.gov and will include
any personal information you have
provided. We have an agreement with
the Department of Transportation (DOT)
for their Docket Management Facility to
process online submissions to Coast
Guard dockets. You may review the
Department of Transportation’s Privacy
Act Statement in the Federal Register
published on April 11, 2000 (65 FR
E:\FR\FM\28JAR1.SGM
28JAR1
]]>Agencies
[Federal Register Volume 73, Number 18 (Monday, January 28, 2008)]
[Rules and Regulations]
[Page 4695]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-1367]
[[Page 4695]]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[TD 9369]
RIN 1545-BG40
Calculating and Apportioning the Section 11(b)(1) Additional Tax
Under Section 1561 for Controlled Groups; Correction
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Correcting amendment.
-----------------------------------------------------------------------
SUMMARY: This document contains a correction to temporary regulations
(TD 9369) that were published in the Federal Register on Wednesday,
December 26, 2007 (72 FR 72929) affecting component members of a
controlled group of corporations and consolidated groups filing life-
nonlife Federal income tax returns. These regulations provide guidance
for calculating and apportioning between component members any amount
of additional tax and any reduction in the amount exempted from the
alternative minimum tax.
DATES: The correction is effective January 28, 2008.
FOR FURTHER INFORMATION CONTACT: Grid Glyer, (202) 622-7930 (not a
toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The temporary regulations (TD 9369) that are the subject of the
correction are under sections 11, 55, 1502, 1561 and 1563 of the
Internal Revenue Code.
Need for Correction
As published, temporary regulations (TD 9369) 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.
Correction of Publication
0
Accordingly, 26 CFR part 1 is corrected by making the following
amendment:
PART 1--INCOME TAXES
0
Paragraph 1. The authority citation for part 1 continues to read, in
part, as follows:
Authority: 26 U.S.C. 7805 * * *
0
Par. 2. Section 1.1561-2T is amended by revising paragraph (b)(1) to
read as follows:
Sec. 1.1561-2T Special rules for allocating reductions to certain
section 1561(a) tax-benefit items (temporary).
* * * * *
(b) * * *
(1) Calculation. The alternative minimum taxable incomes for all
the taxable years of the component members of a controlled group of
corporations subjected to the same December 31st testing date shall be
taken into account in calculating the reduction set forth in section
55(d)(3) to the amount exempted from the alternative minimum tax (the
exemption amount).
* * * * *
LaNita Van Dyke,
Chief, Publications and Regulations Branch,Legal Processing
Division,Associate Chief Counsel,(Procedure and Administration).
[FR Doc. E8-1367 Filed 1-25-08; 8:45 am]
BILLING CODE 4830-01-P
