Gaming on Trust Lands Acquired After October 17, 1988; Correction, 35579-35580 [E8-14211]
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35579
Rules and Regulations
Federal Register
Vol. 73, No. 122
Tuesday, June 24, 2008
This section of the FEDERAL REGISTER
contains regulatory documents having general
applicability and legal effect, most of which
are keyed to and codified in the Code of
Federal Regulations, which is published under
50 titles pursuant to 44 U.S.C. 1510.
The Code of Federal Regulations is sold by
the Superintendent of Documents. Prices of
new books are listed in the first FEDERAL
REGISTER issue of each week.
DEPARTMENT OF HEALTH AND
HUMAN SERVICES
Food and Drug Administration
21 CFR Part 520
Oral Dosage Form New Animal Drugs;
Sulfachlorpyridazine Powder
AGENCY:
Food and Drug Administration,
HHS.
ACTION:
Final rule.
List of Subjects in 21 CFR Part 520
The Food and Drug
Administration (FDA) is amending the
animal drug regulations to reflect
approval of a supplemental new animal
drug application (NADA) filed by Fort
Dodge Animal Health, A Division of
Wyeth Holdings Corp. The
supplemental NADA provides for a
revised food safety warning statement
for oral use of sulfachlorpyridazine in
the milk or milk replacer of ruminating
calves.
DATES: This rule is effective June 24,
2008.
SUMMARY:
Cindy L. Burnsteel, Center for
Veterinary Medicine (HFV–130), Food
and Drug Administration, 7500 Standish
Pl., Rockville, MD 20855, 240–276–
8341, e-mail:
cindy.burnsteel@fda.hhs.gov.
Fort
Dodge Animal Health, A Division of
Wyeth Holdings Corp., P.O. Box 1339,
Fort Dodge, IA 50501, filed a
supplement to NADA 33–373 for
VETISULID (sulfachlorpyridazine
sodium) Powder, approved for oral use
in calves and swine for the treatment of
diarrhea caused or complicated by
Escherichia coli (colibacillosis). The
supplemental NADA provides for a
revised food safety warning statement
for oral use of sulfachlorpyridazine in
the milk or milk replacer of ruminating
calves. The supplemental application is
ebenthall on PRODPC60 with RULES
SUPPLEMENTARY INFORMATION:
12:37 Jun 23, 2008
Jkt 214001
last treatment. A withdrawal period has
not been established for this product in
preruminating calves. Do not use in
calves to be processed for veal.
(2) Swine—(i) Amount. Administer 20
to 35 mg/lb body weight per day for 1
to 5 days in 2 divided doses twice daily:
(A) In drinking water; or
(B) For individual treatment, in an
oral suspension containing
approximately 42 mg
sulfachlorpyridazine per milliliter in
divided doses twice daily.
(ii) Indications for use. For the
treatment of diarrhea caused or
complicated by E. coli (colibacillosis).
(iii) Limitations. Treated swine must
not be slaughtered for food during
treatment or for 4 days after the last
treatment.
Dated: June 9, 2008.
Bernadette Dunham,
Director, Center for Veterinary Medicine.
[FR Doc. E8–14291 Filed 6–23–08; 8:45 am]
Animal drugs.
I Therefore, under the Federal Food,
Drug, and Cosmetic Act and under
authority delegated to the Commissioner
of Food and Drugs and redelegated to
the Center for Veterinary Medicine, 21
CFR part 520 is amended as follows:
BILLING CODE 4160–01–S
PART 520—ORAL DOSAGE FORM
NEW ANIMAL DRUGS
RIN 1076–AE81
1. The authority citation for 21 CFR
part 520 continues to read as follows:
I
Authority: 21 U.S.C. 360b.
2. Revise § 520.2200b to read as
follows:
I
FOR FURTHER INFORMATION CONTACT:
VerDate Aug<31>2005
approved as of May 19, 2008, and the
regulations are amended in 21 CFR
520.2200b to reflect the approval and a
current format.
Approval of this supplemental NADA
did not require review of additional
safety or effectiveness data or
information. Therefore, a freedom of
information summary is not required.
The agency has determined under 21
CFR 25.33(a)(1) that this action is of a
type that does not individually or
cumulatively have a significant effect on
the human environment. Therefore,
neither an environmental assessment
nor an environmental impact statement
is required.
This rule does not meet the definition
of ‘‘rule’’ in 5 U.S.C. 804(3)(A) because
it is a rule of ‘‘particular applicability.’’
Therefore, it is not subject to the
congressional review requirements in 5
U.S.C. 801–808.
§ 520.2200b
Sulfachlorpyridazine powder.
(a) Specifications. Sodium
sulfachlorpyridazine powder.
(b) Sponsor. See No. 053501 in
§ 510.600(c) of this chapter.
(c) Related tolerances. See § 556.630
of this chapter.
(d) Conditions of use. It is used as
follows:
(1) Calves—(i) Amount. Administer
30 to 45 milligrams per pound (mg/lb)
body weight per day in milk or milk
replacer for 1 to 5 days in 2 divided
doses twice daily.
(ii) Indications for use. For the
treatment of diarrhea caused or
complicated by E. coli (colibacillosis).
(iii) Limitations. Treated, ruminating
calves must not be slaughtered for food
during treatment or for 7 days after the
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DEPARTMENT OF THE INTERIOR
Bureau of Indian Affairs
25 CFR Part 292
Gaming on Trust Lands Acquired After
October 17, 1988; Correction
Bureau of Indian Affairs,
Interior.
ACTION: Final rule; correction and stay of
effective date.
AGENCY:
SUMMARY: This document contains a
correction to a final rule that was
published May 20, 2008 (73 FR 29354).
The regulation relates to gaming on trust
lands acquired after October 17, 1988.
DATES: The effective date of this
correction is June 24, 2008. In rule FR
Document E8–11086 published on May
20, 2008 (73 FR 29353), the effective
date of the rule is stayed until August
25, 2008.
FOR FURTHER INFORMATION CONTACT:
Paula Hart, Acting Director, Office of
Indian Gaming, (202) 219–4066.
SUPPLEMENTARY INFORMATION: The
Bureau of Indian Affairs published on
May 20, 2008, a final rule relating to
gaming on trust lands acquired after
October 17, 1988. The preamble to this
E:\FR\FM\24JNR1.SGM
24JNR1
35580
Federal Register / Vol. 73, No. 122 / Tuesday, June 24, 2008 / Rules and Regulations
rule contained an incorrect effective
date, contained an error in the Small
Business Regulatory Enforcement and
Fairness Act statement in the
SUPPLEMENTARY INFORMATION section,
and omitted a sentence.
In rule FR Document E8–11086
published on May 20, 2008 (73 FR
29353), make the following corrections:
1. On page 29354, in the first column,
the effective date is listed as June 19,
2008. This is stayed until August 25,
2008.
2. On page 29358, in the second
column, under the heading ‘‘Section
292.3 When can a tribe conduct gaming
activities on trust lands?’’ a sentence
was omitted after the sentence that
ends, ‘‘concerns whether a specific area
of land is a reservation.’’ A new
sentence should be added in this
location to read, ‘‘Regardless of where
the tribe sends its request for an Indian
lands opinion, the Department will
coordinate the completion of the request
by the appropriate offices.’’
3. On page 29374, in the third
column, under the heading ‘‘Small
Business Regulatory Enforcement and
Fairness Act (SBREFA),’’ the first
sentence reads, ‘‘This rule is not a major
rule under 5 U.S.C. 804(2), the Small
Business Regulatory Enforcement and
Fairness Act.’’ This sentence should be
corrected to read, ‘‘This rule is a major
rule under 5 U.S.C. 804(2), the Small
Business Regulatory Enforcement and
Fairness Act.’’ In this same location,
paragraph (a) incorrectly states that this
rule, ‘‘Does not have an annual effect on
the economy of $100 million or more.’’
This should be corrected to read, ‘‘Has
an annual effect on the economy of $100
million or more.’’
Dated: June 19, 2008.
George Skibine,
Acting Deputy Assistant Secretary for Policy
and Economic Development—Indian Affairs.
[FR Doc. E8–14211 Filed 6–23–08; 8:45 am]
BILLING CODE 4310–4N–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[TD 9402]
ebenthall on PRODPC60 with RULES
RIN 1545–BH58
Guidance Under Section 956 for
Determining the Basis of Property
Acquired in Certain Nonrecognition
Transactions
Internal Revenue Service (IRS),
Treasury.
AGENCY:
VerDate Aug<31>2005
12:37 Jun 23, 2008
Jkt 214001
Explanation of Provisions
Final and temporary
regulations.
ACTION:
This document contains final
and temporary regulations under section
956 of the Internal Revenue Code (Code)
regarding the determination of basis in
certain United States property (within
the meaning of section 956(c) of the
Code) acquired by a controlled foreign
corporation in certain nonrecognition
transactions that are intended to
repatriate earnings and profits of the
controlled foreign corporation without
United States income taxation. The final
regulation adds a cross reference to the
temporary regulations. These
regulations affect United States
shareholders of a controlled foreign
corporation that acquires United States
property in certain nonrecognition
transactions. The text of the temporary
regulations serves as the text of the
proposed regulations (REG–102122–08)
set forth in the notice of proposed
rulemaking published in the Proposed
Rules section in this issue of the Federal
Register.
DATES: Effective Date: These regulations
are effective on June 24, 2008.
Applicability Date: These regulations
apply to property acquired in exchanges
occurring on or after June 24, 2008.
FOR FURTHER INFORMATION CONTACT: John
H. Seibert at (202) 622–3860 (not a tollfree number).
SUPPLEMENTARY INFORMATION:
SUMMARY:
Background
This document contains amendments
to 26 CFR part 1 under section 956,
which was added to the Code by the
Revenue Act of 1962, Public Law 87–
834 (76 Stat. 960 (1962)). The temporary
regulations in this document are issued
under the authority of sections 367(b)
and 956(e). Section 367(b) was added to
the Code by section 1042(a) of the Tax
Reform Act of 1976, Public Law 94–455
(90 Stat. 1520 (1976)). Section 956(e)
was added to the Code by section
13232(b) of the Omnibus Budget
Reconciliation Act of 1993, Public Law
103–66, (107 Stat 312 (1993)).
The temporary regulations in this
document apply to determine the basis
of certain United States property (as
defined in section 956(c) of the Code)
acquired by a controlled foreign
corporation in certain nonrecognition
transactions that are intended to
repatriate earnings and profits of the
controlled foreign corporation without
an income inclusion by the United
States shareholders of the controlled
foreign corporation under section
951(a)(1)(B).
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A. Transactions at Issue
The IRS and the Treasury Department
are aware that certain taxpayers are
engaging in certain nonrecognition
transactions in which a controlled
foreign corporation (CFC) acquires
certain United States property (within
the meaning of section 956(c)) without
resulting in an income inclusion to the
United States shareholders of the CFC
under section 951(a)(1)(B).
In one such transaction, for example,
USP, a domestic corporation and the
common parent of an affiliated group
that files a consolidated tax return,
owns 100-percent of the outstanding
stock of US1 and US2, both domestic
corporations that join USP in the filing
of a consolidated tax return. US1 owns
100 percent of the stock of CFC, a
controlled foreign corporation. US2
issues $100x of its stock to CFC in
exchange for $10x of CFC stock and
$90x cash.
USP takes the position that: (i) US2’s
transfer of its stock to CFC in exchange
for $10x of CFC stock and $90x cash is
an exchange to which section 351
applies; (ii) US2 recognizes no gain on
the receipt of $10x of CFC stock and
$90x cash in exchange for its stock
pursuant to section 1032(a); (iii) CFC
recognizes no gain on the issuance of its
stock to US2 under section 1032(a); (iv)
CFC’s basis in the US2 stock is zero
pursuant to section 362(a); and (v) US1
and US2 do not and will not have an
income inclusion under section
951(a)(1)(B) as a result of CFC holding
the US2 stock (which constitutes United
States property under section 956(c)).
The IRS and the Treasury Department
believe these transactions raise
significant policy concerns because the
transactions may have the effect of
repatriating earnings and profits of a
CFC without a corresponding dividend
inclusion, or an income inclusion under
section 951(a)(1)(B) by reason of the
CFC’s investment in United States
property.
B. Section 956—In General
Section 956 was enacted to require an
income inclusion by United States
shareholders of a CFC that invests
certain earnings and profits in United
States property ‘‘on the grounds that
[the investment] is substantially the
equivalent of a dividend being paid to
them.’’ S. Rep. No. 87–1881, 1962–3 CB
703, 794 (1962). (See
§ 601.601(d)(2)(ii)(b)).
Under Section 951(a)(1)(B) each
United States shareholder (as defined in
section 951(b)) of a CFC (as defined in
section 957(a)) must include in its gross
E:\FR\FM\24JNR1.SGM
24JNR1
]]>Agencies
[Federal Register Volume 73, Number 122 (Tuesday, June 24, 2008)]
[Rules and Regulations]
[Pages 35579-35580]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-14211]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE INTERIOR
Bureau of Indian Affairs
25 CFR Part 292
RIN 1076-AE81
Gaming on Trust Lands Acquired After October 17, 1988; Correction
AGENCY: Bureau of Indian Affairs, Interior.
ACTION: Final rule; correction and stay of effective date.
-----------------------------------------------------------------------
SUMMARY: This document contains a correction to a final rule that was
published May 20, 2008 (73 FR 29354). The regulation relates to gaming
on trust lands acquired after October 17, 1988.
DATES: The effective date of this correction is June 24, 2008. In rule
FR Document E8-11086 published on May 20, 2008 (73 FR 29353), the
effective date of the rule is stayed until August 25, 2008.
FOR FURTHER INFORMATION CONTACT: Paula Hart, Acting Director, Office of
Indian Gaming, (202) 219-4066.
SUPPLEMENTARY INFORMATION: The Bureau of Indian Affairs published on
May 20, 2008, a final rule relating to gaming on trust lands acquired
after October 17, 1988. The preamble to this
[[Page 35580]]
rule contained an incorrect effective date, contained an error in the
Small Business Regulatory Enforcement and Fairness Act statement in the
SUPPLEMENTARY INFORMATION section, and omitted a sentence.
In rule FR Document E8-11086 published on May 20, 2008 (73 FR
29353), make the following corrections:
1. On page 29354, in the first column, the effective date is listed
as June 19, 2008. This is stayed until August 25, 2008.
2. On page 29358, in the second column, under the heading ``Section
292.3 When can a tribe conduct gaming activities on trust lands?'' a
sentence was omitted after the sentence that ends, ``concerns whether a
specific area of land is a reservation.'' A new sentence should be
added in this location to read, ``Regardless of where the tribe sends
its request for an Indian lands opinion, the Department will coordinate
the completion of the request by the appropriate offices.''
3. On page 29374, in the third column, under the heading ``Small
Business Regulatory Enforcement and Fairness Act (SBREFA),'' the first
sentence reads, ``This rule is not a major rule under 5 U.S.C. 804(2),
the Small Business Regulatory Enforcement and Fairness Act.'' This
sentence should be corrected to read, ``This rule is a major rule under
5 U.S.C. 804(2), the Small Business Regulatory Enforcement and Fairness
Act.'' In this same location, paragraph (a) incorrectly states that
this rule, ``Does not have an annual effect on the economy of $100
million or more.'' This should be corrected to read, ``Has an annual
effect on the economy of $100 million or more.''
Dated: June 19, 2008.
George Skibine,
Acting Deputy Assistant Secretary for Policy and Economic Development--
Indian Affairs.
[FR Doc. E8-14211 Filed 6-23-08; 8:45 am]
BILLING CODE 4310-4N-P
