Nuclear Decommissioning Funds; Hearing, 21860-21861 [E8-8815]

Download as PDF 21860 Federal Register / Vol. 73, No. 79 / Wednesday, April 23, 2008 / Proposed Rules is granted to and including May 13, 2008. Kimberly D. Bose, Secretary. [FR Doc. E8–8615 Filed 4–22–08; 8:45 am] BILLING CODE 6717–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Part 1 [REG–139236–07] RIN 1545–BH07 Measurement of Assets and Liabilities for Pension Funding Purposes; Hearing Internal Revenue Service (IRS), Treasury. ACTION: Notice of public hearing on proposed rulemaking. mstockstill on PROD1PC66 with PROPOSALS AGENCY: SUMMARY: This document provides notice of public hearing on a notice of proposed rulemaking preparing guidance on the determination of plan assets and benefit liabilities for purposes of the funding requirements that apply to single employer defined benefit plans. These regulations affect sponsors, administrators, participants, and beneficiaries of single employer defined benefit plans. DATES: The public hearing is being held on May 29, 2008, at 10 a.m. The IRS must receive outlines of the topics to be discussed at the hearing by May 8, 2008. ADDRESSES: The public hearing is being held in the auditorium, Internal Revenue Building, 1111 Constitution Avenue, NW., Washington, DC. Send submissions to: CC: PA: LPD: PR (REG–139236–07), room 5203, Internal Revenue Service, P.O. Box 7604, Ben Franklin Station, Washington, DC 20044. Submissions may be handdelivered Monday through Friday between the hours of 8 a.m. and 4 p.m. to CC: PA: LPD: PR (REG–139236–07), Courier’s Desk, Internal Revenue Service, 1111 Constitution Avenue, NW., Washington, DC. Alternatively, taxpayers may submit electronic outlines of oral comments via the Federal eRulemaking Portal at https:// www.regulations.gov. FOR FURTHER INFORMATION CONTACT: Concerning the regulations, Lauson C. Green or Linda S. F. Marshall at (202) 622–6090; concerning submissions of comments, the hearing, and/or to be placed on the building access list to attend the hearing, Richard A. Hurst at VerDate Aug<31>2005 16:23 Apr 22, 2008 Jkt 214001 Richard.A.Hurst@irscounsel.treas.gov or (202) 622–7180 (not toll-free numbers). SUPPLEMENTARY INFORMATION: The subject of the public hearing is the notice of proposed rulemaking (REG–139236–07) that was published in the Federal Register on Monday, December 31, 2007 (72 FR 74215). Persons who wish to present oral comments at the hearing that submitted written comments must submit an outline of the topics to be discussed and the amount of time to be devoted to each topic (signed original and eight (8) copies) by May 8, 2008. A period of 10 minutes is allotted to each person for presenting oral comments. After the deadline for receiving outlines has passed, the IRS will prepare an agenda containing the schedule of speakers. Copies of the agenda will be made available, free of charge, at the hearing or in the Freedom of Information Reading Room (FOIA RR) (Room 1621) which is located at the 11th and Pennsylvania Avenue NW. entrance, 1111 Constitution Avenue, NW., Washington, DC. Because of access restrictions, the IRS will not admit visitors beyond the immediate entrance area more than 30 minutes before the hearing starts. For information about having your name placed on the building access list to attend the hearing, see the FOR FURTHER INFORMATION CONTACT section of this document. LaNita Van Dyke, Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, (Procedure and Administration). [FR Doc. E8–8816 Filed 4–22–08; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Part 1 [REG–147290–05] RIN 1545–BF08 Nuclear Decommissioning Funds; Hearing Internal Revenue Service (IRS), Treasury. ACTION: Notice of public hearing on proposed rulemaking. AGENCY: SUMMARY: This document provides notice of public hearing on proposed regulations relating to deductions for contributions to trusts maintained for decommissioning nuclear power plants. DATES: The public hearing is being held on Tuesday, June 17, 2008, at 10 a.m. PO 00000 Frm 00010 Fmt 4702 Sfmt 4702 The IRS must receive outlines of the topics to be discussed at the public hearing by Tuesday, May 20, 2008. The public hearing is being held in the IRS Auditorium, Internal Revenue Service Building, 1111 Constitution Avenue, NW., Washington, DC 20224. Send submissions to CC:PA:LPD:PR (REG–147290–05), room 5205, Internal Revenue Service, P.O. Box 7604, Ben Franklin Station, Washington, DC 20044. Submissions may be handdelivered Monday through Friday to CC:PA:LPD:PR (REG–147290–05), Couriers Desk, Internal Revenue Service, 1111 Constitution Avenue, NW., Washington, DC or sent electronically via the Federal erulemaking Portal at https:// www.regulations.gov (IRS–REG– 147290–05). ADDRESSES: FOR FURTHER INFORMATION CONTACT: Concerning the regulations, Patrick Kirwan (202) 622–3110; concerning submissions of comments, the hearing and/or to be placed on the building access list to attend the hearing Funmi Taylor at (202) 622–7180 (not toll-free numbers). The subject of the public hearing is the notice of proposed rulemaking (REG– 147290–05) that was published in the Federal Register on Monday, December 31, 2007 (72 FR 74213). The rules of 26 CFR 601.601(a)(3) apply to the hearing. Persons who wish to present oral comments at the hearing that submitted written comments by March 31, 2008, must submit an outline of the topics to be addressed and the amount of time to be denoted to each topic (Signed original and eight copies). A period of 10 minutes is allotted to each person for presenting oral comments. After the deadline for receiving outlines has passed, the IRS will prepare an agenda containing the schedule of speakers. Copies of the agenda will be made available, free of charge, at the hearing or in the Freedom of Information Reading Room (FOIA RR) (Room 1621) which is located at the 11th and Pennsylvania Ave., NW., entrance, 1111 Constitution Ave., NW., Washington, DC. Because of access restrictions, the IRS will not admit visitors beyond the immediate entrance area more than 30 minutes before the hearing starts. For information about having your name placed on the building access list to attend the hearing, see the FOR FURTHER SUPPLEMENTARY INFORMATION: E:\FR\FM\23APP1.SGM 23APP1 Federal Register / Vol. 73, No. 79 / Wednesday, April 23, 2008 / Proposed Rules INFORMATION CONTACT section of this document. LaNita Vandyke, Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, (Procedure and Administration). [FR Doc. E8–8815 Filed 4–22–08; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY List of Subjects in 26 CFR Part 1 Income taxes, Reporting and recordkeeping requirement. Internal Revenue Service 26 CFR Part 1 Withdrawal of Notice of Proposed Rulemaking Accordingly, under the authority of 26 U.S.C. 7805, the notice of proposed rulemaking (REG–109367–06) published in the Federal Register on August 7, 2006 (71 FR 44600) is withdrawn. [REG–109367–06] RIN 1545–BF52 Section 1221(a)(4) Capital Asset Exclusion for Accounts and Notes Receivable Internal Revenue Service (IRS), Treasury. ACTION: Withdrawal of notice of proposed rulemaking. AGENCY: mstockstill on PROD1PC66 with PROPOSALS SUMMARY: This document withdraws a notice of proposed rulemaking relating to the circumstances in which accounts or notes receivable are ‘‘acquired * * * for services rendered’’ within the meaning of section 1221(a)(4). FOR FURTHER INFORMATION CONTACT: K. Scott Brown, (202) 622–7454 (not a tollfree call). SUPPLEMENTARY INFORMATION: Background On August 7, 2006, the Treasury Department and the IRS published in the Federal Register (71 FR 44600) proposed regulations § 1.1221–1(e) under section 1221(a)(4) of the Internal Revenue Code. These regulations sought to clarify the circumstances in which accounts or notes receivable are ‘‘acquired * * * for services rendered’’ within the meaning of section 1221(a)(4). Written comments were received from interested parties, and public hearings to discuss these regulations were held on November 7, 2006, and August 22, 2007. Most of the comments focused on the decisions in Burbank Liquidating Corp. v. Commissioner, 39 T.C. 999 (1963), acq. sub nom. United Assocs., Inc., 1965–1 C.B. 3, aff’d in part and rev’d in part on other grounds, 335 F.2d 125 (9th Cir. 1964) and Federal National Mortgage Association v. Commissioner, 100 T.C. 541 (1993). The Treasury Department and the IRS considered the comments and have decided to withdraw the proposed regulations. The IRS will not challenge return reporting positions of taxpayers under VerDate Aug<31>2005 16:23 Apr 22, 2008 section 1221(a)(4) that apply existing law, including Burbank Liquidating; Federal National Mortgage Association; and Bieldfeldt v. Commissioner, 231 F.3d 1035 (7th Cir. 2000), cert. denied, 534 U.S. 813 (2001). See also Rev. Rul. 80–56 (1980–1 C.B. 154) and Rev. Rul. 80–57 (1980–1 C.B. 157). The IRS and the Treasury Department will continue to study this area and may issue guidance in the future. Jkt 214001 Linda E. Stiff, Deputy Commissioner for Services and Enforcement. [FR Doc. E8–8817 Filed 4–22–08; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Office of International Investment 31 CFR Part 800 RIN 1505–AB88 Regulations Pertaining to Mergers, Acquisitions, and Takeovers by Foreign Persons Department of the Treasury. Proposed Rule; Notice of Inquiry and Public Meeting. AGENCY: ACTION: SUMMARY: This proposed regulation amends regulations in part 800 of 31 CFR that implement section 721 of the Defense Production Act of 1950, as amended. The proposed regulations would implement amendments made by the Foreign Investment and National Security Act of 2007 to section 721 of the Defense Production Act of 1950 (‘‘section 721’’). While the proposed regulations retain many features of the existing regulations, a number of changes have been made to increase clarity, reflect developments in business practices over the past several years, and make additional improvements based on experiences with the existing regulations. DATES: Comment Date: Written comments must be received by June 9, 2008. Public Meeting Date: The public meeting will be held from 10 a.m. until 12 p.m. on May 2, 2008. PO 00000 Frm 00011 Fmt 4702 Sfmt 4702 21861 Comments: Written comments on the proposed regulations may be submitted electronically via the federal government E-Rulemaking Portal: www.regulations.gov. Written comments may be submitted by mail to: Nova Daly, Deputy Assistant Secretary, U.S. Department of the Treasury, 1500 Pennsylvania Avenue, NW., Washington, DC 20220. All comments and attachments submitted are part of the public record and subject to disclosure. Do not include any material in your comments that you consider to be confidential or inappropriate for public disclosure. You may view copies of this proposed rule and any comments we receive about this proposal at www.regulations.gov. You may personally inspect and photocopy comments at the Department of the Treasury Library, Room 1428, Main Treasury Building, 1500 Pennsylvania Avenue, NW., Washington, DC. You can make an appointment to inspect comments by calling (202) 622–0990. A link to written comments will be established on the following Web site: https://www.treas.gov/offices/ international-affairs/cfius/index.shtml. Public Meeting Address: The public meeting will be held in the Cash Room of the Treasury Building, at 1500 Pennsylvania Avenue, NW., Washington, DC 20220. FOR FURTHER INFORMATION CONTACT: For questions about this Proposed Rule or the Notice of Inquiry and Public Meeting, contact: Nova Daly, Deputy Assistant Secretary, U.S. Department of the Treasury, 1500 Pennsylvania Avenue, NW., Washington, DC 20220; telephone: (202) 622–2752; or e-mail: Nova.Daly@do.treas.gov., or Welby Leaman, Senior Advisor; telephone: (202) 622–0099; or e-mail: Welby.Leaman@do.treas.gov. ADDRESSES: SUPPLEMENTARY INFORMATION: I. Background With Regard to the Notice of Inquiry and Public Meeting The President has directed the Secretary of the Treasury to issue regulations implementing section 721 of the Defense Production Act of 1950, as amended. On October 24, 2007, the Department of the Treasury convened a public meeting at the Department of the Treasury to solicit a wide array of views on several broad topics, including from businesses and professionals active in international mergers and acquisitions, in order to inform regulatory development. The purpose of this second notice of inquiry and public meeting is to continue to seek public input on these important matters, E:\FR\FM\23APP1.SGM 23APP1

Agencies

[Federal Register Volume 73, Number 79 (Wednesday, April 23, 2008)]
[Proposed Rules]
[Pages 21860-21861]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-8815]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-147290-05]
RIN 1545-BF08


Nuclear Decommissioning Funds; Hearing

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice of public hearing on proposed rulemaking.

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SUMMARY: This document provides notice of public hearing on proposed 
regulations relating to deductions for contributions to trusts 
maintained for decommissioning nuclear power plants.

DATES: The public hearing is being held on Tuesday, June 17, 2008, at 
10 a.m. The IRS must receive outlines of the topics to be discussed at 
the public hearing by Tuesday, May 20, 2008.

ADDRESSES: The public hearing is being held in the IRS Auditorium, 
Internal Revenue Service Building, 1111 Constitution Avenue, NW., 
Washington, DC 20224.
    Send submissions to CC:PA:LPD:PR (REG-147290-05), room 5205, 
Internal Revenue Service, P.O. Box 7604, Ben Franklin Station, 
Washington, DC 20044. Submissions may be hand-delivered Monday through 
Friday to CC:PA:LPD:PR (REG-147290-05), Couriers Desk, Internal Revenue 
Service, 1111 Constitution Avenue, NW., Washington, DC or sent 
electronically via the Federal erulemaking Portal at https://
www.regulations.gov (IRS-REG-147290-05).

FOR FURTHER INFORMATION CONTACT: Concerning the regulations, Patrick 
Kirwan (202) 622-3110; concerning submissions of comments, the hearing 
and/or to be placed on the building access list to attend the hearing 
Funmi Taylor at (202) 622-7180 (not toll-free numbers).

SUPPLEMENTARY INFORMATION: The subject of the public hearing is the 
notice of proposed rulemaking (REG-147290-05) that was published in the 
Federal Register on Monday, December 31, 2007 (72 FR 74213).
    The rules of 26 CFR 601.601(a)(3) apply to the hearing. Persons who 
wish to present oral comments at the hearing that submitted written 
comments by March 31, 2008, must submit an outline of the topics to be 
addressed and the amount of time to be denoted to each topic (Signed 
original and eight copies).
    A period of 10 minutes is allotted to each person for presenting 
oral comments. After the deadline for receiving outlines has passed, 
the IRS will prepare an agenda containing the schedule of speakers. 
Copies of the agenda will be made available, free of charge, at the 
hearing or in the Freedom of Information Reading Room (FOIA RR) (Room 
1621) which is located at the 11th and Pennsylvania Ave., NW., 
entrance, 1111 Constitution Ave., NW., Washington, DC.
    Because of access restrictions, the IRS will not admit visitors 
beyond the immediate entrance area more than 30 minutes before the 
hearing starts. For information about having your name placed on the 
building access list to attend the hearing, see the FOR FURTHER

[[Page 21861]]

INFORMATION CONTACT section of this document.

LaNita Vandyke,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel, (Procedure and Administration).
[FR Doc. E8-8815 Filed 4-22-08; 8:45 am]
BILLING CODE 4830-01-P

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