Information Reporting Requirements Under Internal Revenue Code Section 6039; Correction, 47563 [E8-18784]

Download as PDF Federal Register / Vol. 73, No. 158 / Thursday, August 14, 2008 / Proposed Rules Replacement of Groups 2, 3, and 4 EECs DEPARTMENT OF THE TREASURY (h) Replace the following groups of EECs with a serviceable EEC, or any EEC that does not violate the EEC installation procedure as provided by paragraphs (k), (l), and (m) of this AD, as follows: (1) Group 2 EECs, before reaching 4,000 CIS since new, but not later than 2 years after the effective date of this AD. (2) Group 3 EECs, before reaching 14,000 CIS since new, but not later than 6 years after the effective date of this AD. Internal Revenue Service 26 CFR Part 1 [REG–103146–08] RIN 1545–BH69 Information Reporting Requirements Under Internal Revenue Code Section 6039; Correction Internal Revenue Service (IRS), Treasury. ACTION: Correction to notice of proposed rulemaking. AGENCY: Definition of Serviceable EECs (i) A serviceable EEC is an EEC that does not violate the EEC installation procedure as provided by paragraphs (k), (l), and (m) of this AD, or is marked as Group 4 per P&W ASB No. PW4ENG 73–214, Revision 2, dated May 23, 2008, or has been repaired per P&W Service Bulletin (SB) No. PW4ENG 73–216, dated April 8, 2008. Once an EEC has been repaired, it is viewed as a Group 4 EEC. (j) Information on obtaining a serviceable EEC can be found in P&W SB No. PW4ENG 73–216, dated April 8, 2008. 47563 respect’’ is corrected to read ‘‘calendar year, file a return with respect to’’. 3. On page 41002, column 2, § 1.6039–1(b)(1)(iv), the language ‘‘The fair market value of the stock on the date the option was granted;’’ is corrected to read ‘‘The fair market value of a share of stock on the date the option was granted;’’. 4. On page 41002, column 3, § 1.6039–1(b)(1)(vii), the language ‘‘The fair market value of the stock on the date the option was exercised by the transferor;’’ is corrected to read ‘‘The fair market value of a share of stock on the date the option was exercised by the transferor;’’. § 1.6039–2 (k) Do not install any Group 1 EEC after 1 year from the effective date of this AD or any Group 1 EEC that has reached 2,000 CIS since new. (l) Do not install any Group 2 EEC after 2 years from the effective date of this AD or any Group 2 EEC that has reached 4,000 CIS since new. (m) Do not install any Group 3 EEC after 6 years from the effective date of this AD or any Group 3 EEC that has reached 14,000 CIS since new. SUMMARY: This document contains corrections to a notice of proposed rulemaking (REG–103146–08) that was published in the Federal Register on Thursday, July 17, 2008 (73 FR 40999) relating to the return and information statement requirements under section 6039 of the Internal Revenue Code. These regulations reflect changes to section 6039 made by section 403 of the Tax Relief and Health Care Act of 2006. These proposed regulations affect corporations that issue statutory stock options and provide guidance to assist corporations in complying with the return and information statement requirements under section 6039. FOR FURTHER INFORMATION CONTACT: Thomas Scholz, (202) 622–6030 (not a toll-free number). SUPPLEMENTARY INFORMATION: Alternative Methods of Compliance Background (n) The Manager, Engine Certification Office, has the authority to approve alternative methods of compliance for this AD if requested using the procedures found in 14 CFR 39.19. The correction notice that is the subject of this document is under section 6039 of the Internal Revenue Code. Delegation of National Emission Standards for Hazardous Air Pollutants for Source Categories; State of Arizona, Arizona Department of Environmental Quality, Pima County Department of Environmental Quality Related Information As published, the notice of proposed rulemaking (REG–103146–08) contains errors that may prove to be misleading and are in need of clarification. EEC Installation Prohibition (o) Contact V. Rose Len, Aerospace Engineer, Engine Certification Office, FAA, Engine & Propeller Directorate, 12 New England Executive Park, Burlington, MA 01803; e-mail: rose.len@faa.gov; telephone (781) 238–7772; fax (781) 238–7199, for more information about this AD. rfrederick on PROD1PC67 with PROPOSALS Issued in Burlington, Massachusetts, on August 8, 2008. Peter A. White, Assistant Manager, Engine and Propeller Directorate, Aircraft Certification Service. [FR Doc. E8–18811 Filed 8–13–08; 8:45 am] BILLING CODE 4910–13–P VerDate Aug<31>2005 14:48 Aug 13, 2008 Jkt 214001 Need for Correction Correction of Publication Accordingly, the publication of the notice of proposed rulemaking (REG– 103146–08), which was the subject of FR Doc. E8–16177, is corrected as follows: § 1.6039–1 [Corrected] 1. On page 41002, column 2, § 1.6039–1(a)(1), line 5 of the column, the language ‘‘a return with respect each transfer made’’ is corrected to read ‘‘a return with respect to each transfer made’’. 2. On page 41002, column 2, § 1.6039–1(b)(1), line 12, the language ‘‘calendar year, file a return with PO 00000 Frm 00003 Fmt 4702 Sfmt 4702 [Corrected] 5. On page 41003, column 1, § 1.6039–2(b), line 4, the language ‘‘section 6039(a)(2). (1) Every corporation’’ is corrected to read ‘‘section 6039(b). (1) Every corporation’’. LaNita Van Dyke, Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration). [FR Doc. E8–18784 Filed 8–13–08; 8:45 am] BILLING CODE 4830–01–P ENVIRONMENTAL PROTECTION AGENCY 40 CFR Part 63 [EPA–R09–OAR–2008–0555; FRL–8701–6] Environmental Protection Agency (EPA). ACTION: Proposed rule. AGENCY: SUMMARY: Pursuant to section 112(l) of the 1990 Clean Air Act, EPA granted delegation of specific national emission standards for hazardous air pollutants (NESHAP) to the Arizona Department of Environmental Quality on June 4, 2008, and to the Pima County Department of Environmental Quality on June 16, 2008. EPA is proposing to revise the Code of Federal Regulations to reflect the current delegation status of NESHAP in Arizona. DATES: Any comments on this proposal must arrive by September 15, 2008. ADDRESSES: Submit comments, identified by docket number EPA–R09– OAR–2008–0555, by one of the following methods: E:\FR\FM\14AUP1.SGM 14AUP1

Agencies

[Federal Register Volume 73, Number 158 (Thursday, August 14, 2008)]
[Proposed Rules]
[Page 47563]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-18784]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-103146-08]
RIN 1545-BH69


Information Reporting Requirements Under Internal Revenue Code 
Section 6039; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to notice of proposed rulemaking.

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SUMMARY: This document contains corrections to a notice of proposed 
rulemaking (REG-103146-08) that was published in the Federal Register 
on Thursday, July 17, 2008 (73 FR 40999) relating to the return and 
information statement requirements under section 6039 of the Internal 
Revenue Code. These regulations reflect changes to section 6039 made by 
section 403 of the Tax Relief and Health Care Act of 2006. These 
proposed regulations affect corporations that issue statutory stock 
options and provide guidance to assist corporations in complying with 
the return and information statement requirements under section 6039.

FOR FURTHER INFORMATION CONTACT: Thomas Scholz, (202) 622-6030 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The correction notice that is the subject of this document is under 
section 6039 of the Internal Revenue Code.

Need for Correction

    As published, the notice of proposed rulemaking (REG-103146-08) 
contains errors that may prove to be misleading and are in need of 
clarification.

Correction of Publication

    Accordingly, the publication of the notice of proposed rulemaking 
(REG-103146-08), which was the subject of FR Doc. E8-16177, is 
corrected as follows:


Sec.  1.6039-1  [Corrected]

    1. On page 41002, column 2, Sec.  1.6039-1(a)(1), line 5 of the 
column, the language ``a return with respect each transfer made'' is 
corrected to read ``a return with respect to each transfer made''.
    2. On page 41002, column 2, Sec.  1.6039-1(b)(1), line 12, the 
language ``calendar year, file a return with respect'' is corrected to 
read ``calendar year, file a return with respect to''.
    3. On page 41002, column 2, Sec.  1.6039-1(b)(1)(iv), the language 
``The fair market value of the stock on the date the option was 
granted;'' is corrected to read ``The fair market value of a share of 
stock on the date the option was granted;''.
    4. On page 41002, column 3, Sec.  1.6039-1(b)(1)(vii), the language 
``The fair market value of the stock on the date the option was 
exercised by the transferor;'' is corrected to read ``The fair market 
value of a share of stock on the date the option was exercised by the 
transferor;''.


Sec.  1.6039-2  [Corrected]

    5. On page 41003, column 1, Sec.  1.6039-2(b), line 4, the language 
``section 6039(a)(2). (1) Every corporation'' is corrected to read 
``section 6039(b). (1) Every corporation''.

LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. E8-18784 Filed 8-13-08; 8:45 am]
BILLING CODE 4830-01-P

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