Payments From the Presidential Primary Matching Payment Account, 67103-67104 [E8-26639]

Download as PDF Federal Register / Vol. 73, No. 220 / Thursday, November 13, 2008 / Rules and Regulations Environmental Policy Act in accordance with 311d., FAA Order 1050.1E, ‘‘Environmental Impacts: Policies and Procedures.’’ There are no extraordinary circumstances that would require additional environmental analysis. List of Subjects in 14 CFR Part 73 Airspace, Prohibited areas, Restricted areas. Adoption of the Amendment In consideration of the foregoing, the Federal Aviation Administration amends 14 CFR part 73 as follows: ■ PART 73—SPECIAL USE AIRSPACE 1. The authority citation for part 73 continues to read as follows: ■ Authority: 49 U.S.C. 106(g), 40103, 40113, 40120; E.O. 10854, 24 FR 9565, 3 CFR, 1959– 1963 Comp., p.389. § 73.69 ■ * [Amended] 2. § 73.69 is amended as follows: * * * * R–6901A Fort McCoy, WI [Amended] Under controlling agency, remove ‘‘FAA Chicago ARTCC’’ and insert the words ‘‘FAA, Minneapolis ARTCC.’’ * * * * * R–6901B Fort McCoy, WI [Amended] Under controlling agency, remove ‘‘FAA Chicago ARTCC’’ and insert the words ‘‘FAA, Minneapolis ARTCC.’’ * * * * * R–6903 Sheboygan, WI [Amended] Under controlling agency, remove ‘‘FAA, Chicago ARTCC’’ and insert the words ‘‘FAA, Minneapolis ARTCC.’’ * * * * * Issued in Washington, DC, on November 5, 2008. Edith V. Parish, Manager, Airspace and Rules Group. [FR Doc. E8–26934 Filed 11–12–08; 8:45 am] BILLING CODE 4910–13–P DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Part 702 [TD 9432] RIN 1545–BH36 erowe on PROD1PC64 with RULES Payments From the Presidential Primary Matching Payment Account Internal Revenue Service (IRS), Treasury. ACTION: Final regulations and removal of temporary regulations. AGENCY: VerDate Aug<31>2005 14:37 Nov 12, 2008 Jkt 217001 SUMMARY: This document contains final regulations under section 9037 of the Internal Revenue Code (Code) relating to the financing of presidential primary campaigns. The regulations relate to Treasury procedures for making payments from the Presidential Primary Matching Payment Account (Primary Account) to eligible primary candidates. These regulations affect all candidates eligible to receive payments from the Primary Account. DATES: Effective Date: These regulations are effective on November 13, 2008. Applicability Date: For dates of applicability, see 702.9037–1(b) and 702.9037–2(c). FOR FURTHER INFORMATION CONTACT: Karla M. Meola, (202) 622–4930 (not a toll-free number). SUPPLEMENTARY INFORMATION: Background This document contains amendments to 26 CFR part 702 under section 9037 of the Code. On February 14, 2008, the IRS published temporary regulations (TD 9382, 2008–9 IRB 482) in the Federal Register (73 FR 8608). On the same date, the IRS published a notice of proposed rulemaking (REG–149475–07, 2008–9 IRB 510) in the Federal Register (73 FR 8632) cross-referencing the temporary regulations. The notice of proposed rulemaking provided that, pursuant to section 9036, the Federal Election Commission (Commission) will certify to the Treasury Secretary the full amount of payments to which a candidate is entitled under section 9034. The Treasury Secretary will pay promptly, but not before the start of a Presidential election year, the amounts certified by the Commission from the Primary Account to the candidate. The notice of proposed rulemaking also authorized the Treasury Secretary to provide guidance prescribing rules and procedures for the Primary Account. Contemporaneously with the publication of the notice of proposed rulemaking, the IRS published Rev. Proc. 2008–15 (2008–9 IRB 489), which revises the procedures for making prompt payment from the Primary Account to eligible primary candidates. The notice of proposed rulemaking invited comments and requests for a public hearing, but no comments were received and no public hearing was requested or held. Accordingly, this Treasury decision adopts the proposed regulations without modification as final regulations. Special Analyses It has been determined that this Treasury decision is not a significant PO 00000 Frm 00005 Fmt 4700 Sfmt 4700 67103 regulatory action as defined in Executive Order 12866. Therefore, a regulatory assessment is not required. It has also been determined that section 553(b) of the Administrative Procedure Act (5 U.S.C. chapter 5) does not apply to these regulations, and because the regulation does not impose a collection of information on small entities, the Regulatory Flexibility Act (5 U.S.C. chapter 6) does not apply. Pursuant to section 7805(f) of the Code, this regulation has been submitted to the Chief Counsel for Advocacy of the Small Business Administration for comment on its impact on small business. Drafting Information The principal author of these regulations is Karla M. Meola of the Office of Associate Chief Counsel (Income Tax & Accounting). However, other personnel from the IRS and Treasury Department participated in their development. Adoption of Amendments to the Regulations Accordingly, 26 CFR part 702 is amended as follows: ■ PART 702—PRESIDENTIAL PRIMARY MATCHING PAYMENT ACCOUNT Paragraph 1. The authority citation for part 702 continues to read in part as follows: ■ Authority: 26 U.S.C. 7805 * * * §§ 702.9037–1T [Removed] Par. 2. Section 702.9037–1T is removed. ■ Par. 3. Revise § 702.9037–1 to read as follows: ■ § 702.9037–1 Transfer of amounts to the Presidential Primary Matching Payment Account. (a) In general. The Secretary will deposit amounts into the Presidential Primary Matching Payment Account (Primary Account) only to the extent that there are amounts in the Presidential Election Campaign Fund (Fund) after the transfers prescribed by § 701.9006–1(c) and (d). The Secretary will make this deposit promptly from amounts that have actually been transferred to the Fund under § 701.9006–1(a). Any amounts in the Primary Account after October 31 following a presidential election will be returned to the Fund for the purpose of making the transfers prescribed by § 701.9006–1(c), (d), and (f) for the next presidential election. (b) Effective/applicability date. These regulations apply to the Primary Account on or after February 2, 1996. E:\FR\FM\13NOR1.SGM 13NOR1 67104 Federal Register / Vol. 73, No. 220 / Thursday, November 13, 2008 / Rules and Regulations § 702.9037–2T [Removed] ■ Par. 4. Section 702.9037–2T is removed. ■ Par. 5. Revise § 702.9037–2 to read as follows: § 702.9037–2 Payments from the Presidential Primary Matching Payment Account. (a) In general. Pursuant to section 9036, the Federal Election Commission (Commission) will certify to the Secretary the full amount of payment to which a candidate is entitled under section 9034. The Secretary will pay promptly, but not before the start of the matching payment period under section 9032(6), the amounts certified by the Commission from the Presidential Primary Matching Payment Account (Primary Account) to the candidate. (b) Additional guidance. The Internal Revenue Service may publish guidance in the Internal Revenue Bulletin (see § 601.601(d)(2)(ii)(b) of this chapter) prescribing additional rules and procedures for the Primary Account. (c) Effective/applicability date. These regulations apply to the Primary Account on or after February 2, 1996. Linda E. Stiff, Deputy Commissioner for Services and Enforcement. Approved: October 28, 2008. Eric Solomon, Assistant Secretary of the Treasury (Tax Policy). [FR Doc. E8–26639 Filed 11–12–08; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF HOMELAND SECURITY Coast Guard 33 CFR Part 165 and security of personnel and port facilities. No vessel or person is allowed inside the security zone unless authorized by the Captain of the Port or a designated representative. The Coast Guard seeks comments on this interim rule. DATES: This rule is effective November 13, 2008. Comments and related material must reach the Docket Management Facility on or before December 15, 2008. ADDRESSES: You may submit comments identified by docket number USCG– 2008–1013 using any one of the following methods: (1) Federal eRulemaking Portal: https://www.regulations.gov. (2) Fax: 202–493–2251. (3) Mail: Docket Management Facility (M–30), U.S. Department of Transportation, West Building Ground Floor, Room W12–140, 1200 New Jersey Avenue, SE., Washington, DC 20590– 0001. (4) Hand Delivery: Same as mail address above, between 9 a.m. and 5 p.m., Monday through Friday, except Federal holidays. The telephone number is 202–366–9329. To avoid duplication, please use only one of these methods. For instructions on submitting comments, see the ‘‘Public Participation and Request for Comments’’ portion of the SUPPLEMENTARY INFORMATION section below. If you have questions on this proposed rule, call LT Jonathan Mangum 251– 441–5940. If you have questions on viewing or submitting material to the docket, call Renee V. Wright, Program Manager, Docket Operations, telephone 202–366–9826. SUPPLEMENTARY INFORMATION: FOR FURTHER INFORMATION CONTACT: Coast Guard, DHS. Interim rule with request for comments. Public Participation and Request for Comments We encourage you to participate in this rulemaking by submitting comments and related materials. All comments received will be posted, without change, to https:// www.regulations.gov and will include any personal information you have provided. SUMMARY: The Coast Guard is establishing a 500-yard moving security zone around any vessel being escorted by one or more Coast Guard or other Federal, State, or local law enforcement assets on the navigable waters of the Captain of the Port Zone, Mobile, Alabama. This action is necessary to ensure the safe transit and mooring of escorted vessels as well as the safety Submitting Comments If you submit a comment, please include the docket number for this rulemaking (USCG–2008–1013), indicate the specific section of this document to which each comment applies, and provide a reason for each suggestion or recommendation. You may submit your comments and material online, or by fax, mail or hand [Docket No. USCG–2008–1013] RIN 1625–AA87 Security Zones; Escorted Vessels, Mobile, AL, Captain of the Port Zone AGENCY: erowe on PROD1PC64 with RULES ACTION: VerDate Aug<31>2005 14:37 Nov 12, 2008 Jkt 217001 PO 00000 Frm 00006 Fmt 4700 Sfmt 4700 delivery, but please use only one of these means. We recommend that you include your name and a mailing address, an e-mail address, or a phone number in the body of your document so that we can contact you if we have questions regarding your submission. To submit your comment online, go to https://www.regulations.gov, select the Advanced Docket Search option on the right side of the screen, insert ‘‘USCG– 2008–1013’’ in the Docket ID box, press Enter, and then click on the balloon shape in the Actions column. If you submit your comments by mail or hand delivery, submit them in an unbound format, no larger than 81⁄2 by 11 inches, suitable for copying and electronic filing. If you submit them by mail and would like to know that they reached the Facility, please enclose a stamped, self-addressed postcard or envelope. We will consider all comments and material received during the comment period and we may change this rule based on your comments. Viewing Comments and Documents To view comments, as well as documents mentioned in this preamble as being available in the docket, go to https://www.regulations.gov, select the Advanced Docket Search option on the right side of the screen, insert USCG– 2008–1013 in the Docket ID box, press Enter, and then click on the item in the Docket ID column. You may also visit either the Docket Management Facility in Room W12–140 on the ground floor of the Department of Transportation West Building, 1200 New Jersey Avenue, SE., Washington, DC 20590, between 9 a.m. and 5 p.m., Monday through Friday, except Federal holidays; or Coast Guard Sector Mobile (Waterways Management) between 9 a.m. and 3 p.m., Monday through Friday, except Federal holidays. We have an agreement with the Department of Transportation to use the Docket Management Facility. Privacy Act Anyone can search the electronic form of comments received into any of our dockets by the name of the individual submitting the comment (or signing the comment, if submitted on behalf of an association, business, labor union, etc.). You may review a Privacy Act notice regarding our public dockets in the January 17, 2008 issue of the Federal Register (73 FR 3316). Public Meeting We do not now plan to hold a public meeting. But you may submit a request for one to the Docket Management Facility at the address under ADDRESSES E:\FR\FM\13NOR1.SGM 13NOR1

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[Federal Register Volume 73, Number 220 (Thursday, November 13, 2008)]
[Rules and Regulations]
[Pages 67103-67104]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-26639]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 702

[TD 9432]
RIN 1545-BH36


Payments From the Presidential Primary Matching Payment Account

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Final regulations and removal of temporary regulations.

-----------------------------------------------------------------------

SUMMARY: This document contains final regulations under section 9037 of 
the Internal Revenue Code (Code) relating to the financing of 
presidential primary campaigns. The regulations relate to Treasury 
procedures for making payments from the Presidential Primary Matching 
Payment Account (Primary Account) to eligible primary candidates. These 
regulations affect all candidates eligible to receive payments from the 
Primary Account.

DATES: Effective Date: These regulations are effective on November 13, 
2008.
    Applicability Date: For dates of applicability, see 702.9037-1(b) 
and 702.9037-2(c).

FOR FURTHER INFORMATION CONTACT: Karla M. Meola, (202) 622-4930 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    This document contains amendments to 26 CFR part 702 under section 
9037 of the Code. On February 14, 2008, the IRS published temporary 
regulations (TD 9382, 2008-9 IRB 482) in the Federal Register (73 FR 
8608). On the same date, the IRS published a notice of proposed 
rulemaking (REG-149475-07, 2008-9 IRB 510) in the Federal Register (73 
FR 8632) cross-referencing the temporary regulations.
    The notice of proposed rulemaking provided that, pursuant to 
section 9036, the Federal Election Commission (Commission) will certify 
to the Treasury Secretary the full amount of payments to which a 
candidate is entitled under section 9034. The Treasury Secretary will 
pay promptly, but not before the start of a Presidential election year, 
the amounts certified by the Commission from the Primary Account to the 
candidate. The notice of proposed rulemaking also authorized the 
Treasury Secretary to provide guidance prescribing rules and procedures 
for the Primary Account. Contemporaneously with the publication of the 
notice of proposed rulemaking, the IRS published Rev. Proc. 2008-15 
(2008-9 IRB 489), which revises the procedures for making prompt 
payment from the Primary Account to eligible primary candidates.
    The notice of proposed rulemaking invited comments and requests for 
a public hearing, but no comments were received and no public hearing 
was requested or held. Accordingly, this Treasury decision adopts the 
proposed regulations without modification as final regulations.

Special Analyses

    It has been determined that this Treasury decision is not a 
significant regulatory action as defined in Executive Order 12866. 
Therefore, a regulatory assessment is not required. It has also been 
determined that section 553(b) of the Administrative Procedure Act (5 
U.S.C. chapter 5) does not apply to these regulations, and because the 
regulation does not impose a collection of information on small 
entities, the Regulatory Flexibility Act (5 U.S.C. chapter 6) does not 
apply. Pursuant to section 7805(f) of the Code, this regulation has 
been submitted to the Chief Counsel for Advocacy of the Small Business 
Administration for comment on its impact on small business.

Drafting Information

    The principal author of these regulations is Karla M. Meola of the 
Office of Associate Chief Counsel (Income Tax & Accounting). However, 
other personnel from the IRS and Treasury Department participated in 
their development.

Adoption of Amendments to the Regulations

0
Accordingly, 26 CFR part 702 is amended as follows:

PART 702--PRESIDENTIAL PRIMARY MATCHING PAYMENT ACCOUNT

0
Paragraph 1. The authority citation for part 702 continues to read in 
part as follows:

    Authority: 26 U.S.C. 7805 * * *


Sec. Sec.  702.9037-1T  [Removed]

0
Par. 2. Section 702.9037-1T is removed.
0
Par. 3. Revise Sec.  702.9037-1 to read as follows:


Sec.  702.9037-1  Transfer of amounts to the Presidential Primary 
Matching Payment Account.

    (a) In general. The Secretary will deposit amounts into the 
Presidential Primary Matching Payment Account (Primary Account) only to 
the extent that there are amounts in the Presidential Election Campaign 
Fund (Fund) after the transfers prescribed by Sec.  701.9006-1(c) and 
(d). The Secretary will make this deposit promptly from amounts that 
have actually been transferred to the Fund under Sec.  701.9006-1(a). 
Any amounts in the Primary Account after October 31 following a 
presidential election will be returned to the Fund for the purpose of 
making the transfers prescribed by Sec.  701.9006-1(c), (d), and (f) 
for the next presidential election.
    (b) Effective/applicability date. These regulations apply to the 
Primary Account on or after February 2, 1996.

[[Page 67104]]

Sec.  702.9037-2T  [Removed]

0
Par. 4. Section 702.9037-2T is removed.
0
Par. 5. Revise Sec.  702.9037-2 to read as follows:


Sec.  702.9037-2  Payments from the Presidential Primary Matching 
Payment Account.

    (a) In general. Pursuant to section 9036, the Federal Election 
Commission (Commission) will certify to the Secretary the full amount 
of payment to which a candidate is entitled under section 9034. The 
Secretary will pay promptly, but not before the start of the matching 
payment period under section 9032(6), the amounts certified by the 
Commission from the Presidential Primary Matching Payment Account 
(Primary Account) to the candidate.
    (b) Additional guidance. The Internal Revenue Service may publish 
guidance in the Internal Revenue Bulletin (see Sec.  
601.601(d)(2)(ii)(b) of this chapter) prescribing additional rules and 
procedures for the Primary Account.
    (c) Effective/applicability date. These regulations apply to the 
Primary Account on or after February 2, 1996.

Linda E. Stiff,
Deputy Commissioner for Services and Enforcement.
    Approved: October 28, 2008.
Eric Solomon,
Assistant Secretary of the Treasury (Tax Policy).
[FR Doc. E8-26639 Filed 11-12-08; 8:45 am]
BILLING CODE 4830-01-P
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