Gain Recognition Agreements With Respect to Certain Transfers of Stock or Securities by United States Persons to Foreign Corporations; Correction, 13340-13341 [E9-6871]
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Federal Register / Vol. 74, No. 58 / Friday, March 27, 2009 / Rules and Regulations
eligible immigration status under HUD’s
noncitizens regulations, nor do they
interfere with existing requirements
relative to proration of assistance or
screening for such families, or authorize
their eviction or denial of admission on
the basis of the new requirements
pertaining to obtaining social security
numbers.
The February 11, 2009, notice
solicited comments specifically on a
delayed effective date, but also generally
on the January 27, 2009 final rule. HUD
received approximately 50 comments in
response to the February 11, 2009,
notice. The majority of comments were
supportive of a delayed effective date.
The majority of the commenters also
raised additional questions and
comments about various aspects of the
January 27, 2009, final rule.
II. This Final Rule
sroberts on PROD1PC70 with RULES
Through this final rule, HUD delays
the effective date of the January 27,
2009, final rule until September 30,
2009. A delay until September 30, 2009
will provide HUD with additional time
to review the public comments received
in response to the February 11, 2009,
notice, respond to those comments in a
subsequent publication, and consider
whether additional regulations or
changes to the regulations in the January
27, 2009, final rule are necessary or
appropriate. Since September 30, 2009,
is the date in the January 27, 2009, final
rule for multifamily housing owners and
management agents to implement the
use of EIV, the Department has
determined not to provide additional
delay in implementation in the use of
EIV for multifamily housing owners and
management agents as provided in the
January 27, 2009, final rule. The
implementation date for public housing
agencies, multifamily housing owners,
and management agents will now all be
the same as the new effective date,
September 30, 2009. Should HUD
determine that additional rulemaking is
necessary or appropriate, HUD will
provide the public with the opportunity
to comment on any proposed changes to
the regulations in the January 27, 2009,
final rule.
Dated: March 24, 2009.
Paula O. Blunt,
General Deputy Assistant Secretary for Public
and Indian Housing.
[FR Doc. E9–6942 Filed 3–26–09; 8:45 am]
BILLING CODE 4210–67–P
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15:28 Mar 26, 2009
Jkt 217001
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
Determination of Interest Expense
Deduction of Foreign Corporations
CFR Correction
In Title 26 of the Code of Federal
Regulations, Part 1 (§§ 1.851 to 1.907),
revised as of April 1, 2008, on page 436,
in § 1.882–5, reinstate paragraph
(d)(2)(ii)(B) to read as follows:
§ 1.882–5 Determination of interest
deduction.
*
*
*
*
*
(d) * * *
(2) * * *
(ii) * * *
(B) Identified liabilities not properly
reflected. A liability is not properly
reflected on the books of the U.S. trade
or business merely because a foreign
corporation identifies the liability
pursuant to § 1.884–4(b)(1)(ii) and (b)(3).
*
*
*
*
*
[FR Doc. E9–6944 Filed 3–26–09; 8:45 am]
BILLING CODE 1505–01–D
Background
The final regulations that are the
subject of this document are under
section 367(a) of the Internal Revenue
Code.
Need for Correction
The final regulations (TD 9446) that
were published in the Federal Register
on February 11, 2009 (74 FR 6952),
inadvertently removed Treas. Reg.
§ 1.367(a)–3T in its entirety rather than
removing § 1.367(a)–3T(e), (f)(1), (f)(2),
and the second sentence of § 1.367(a)–
3T(f)(3). This document correctly adds
the text of § 1.367(a)–3T back into the
Code of Federal Regulations.
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
correcting amendments:
■
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 * * *
DEPARTMENT OF THE TREASURY
Internal Revenue Service
§ 1.367(a)–3T Treatment of transfers of
stock or securities to foreign corporations
(temporary).
26 CFR Part 1
[TD 9446]
RIN 1545–BGO9
Gain Recognition Agreements With
Respect to Certain Transfers of Stock
or Securities by United States Persons
to Foreign Corporations; Correction
AGENCY: Internal Revenue Service (IRS),
Treasury.
ACTION: Correcting amendments.
SUMMARY: This document contains
corrections to final regulations (TD
9446) that were published in the
Federal Register on Wednesday,
February 11, 2009 concerning gain
recognition agreements filed by United
States persons with respect to transfers
of stock or securities to foreign
corporations.
DATES: This correction is effective on
March 27, 2009, and is applicable on
March 13, 2009.
FOR FURTHER INFORMATION CONTACT: S.
James Hawes, (202) 622–3860 (not a tollfree number).
SUPPLEMENTARY INFORMATION:
PO 00000
Frm 00028
Fmt 4700
Par. 2. Section 1.367(a)–3T is added
to read as follows:
■
Sfmt 4700
(a) through (b)(2)(i)(B) [Reserved]. For
further guidance, see § 1.367(a)–3(a)
through (b)(2)(i)(B).
(b)(2)(i)(C) If in connection with a
transaction described in § 1.367(b)–14T,
one or more U.S. persons transfer stock
of T, as defined in § 1.358–6(b)(1)(iii), to
a corporation in a transfer described in
section 367(a), and the amount of gain
in the T stock that would otherwise be
recognized under section 367(a) is less
than the deemed distribution that would
result from the adjustments made under
§ 1.367(b)–14T and that would be
treated as a dividend under section
301(c)(1), then section 367(b), and not
section 367(a), shall apply to such
transaction. This paragraph (b)(2)(i)(C)
applies to transfers occurring on or after
May 23, 2008.
(b)(2)(ii) through (f) [Reserved]. For
further guidance, see § 1.367(a)–
3(b)(2)(ii) through (f).
(g) Effective/applicability date.
Paragraph (b)(2)(i)(C) of this section
applies to transfers occurring on or after
May 23, 2008.
(h) Expiration date. The applicability
of paragraph (b)(2)(i)(C) of this section
expires on May 23, 2011.
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Federal Register / Vol. 74, No. 58 / Friday, March 27, 2009 / Rules and Regulations
Par. 3. Section 1.367(a)–8(r)(2) is
amended by revising the paragraph
heading to read as follows:
■
§ 1.367(a)–8 Gain recognition agreement
requirements.
*
*
*
*
*
(r) * * *
(2) Applicability to transfers occurring
before March 13, 2009 * * *
*
*
*
*
*
Robin Jones,
Federal Register Liaison, Publications and
Regulations Branch, Legal Processing
Division, Associate Chief Counsel (Procedure
and Administration).
[FR Doc. E9–6871 Filed 3–26–09; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 602
OMB Control Numbers Under the
Paperwork Reduction Act
CFR Correction
In Title 26 of the Code of Federal
Regulations, Part 600 to End, revised as
of April 1, 2008, on page 145, in
§ 602.101, in the table in paragraph (b),
add the entry ‘‘1545–1511’’ to the
second column for § 1.468A–7T and
remove the entry ‘‘1.545–1511,’’ from
the first column following § 1.468A–
3T(h).
[FR Doc. E9–6943 Filed 3–26–09; 8:45 am]
Regulatory Information
We did not publish a notice of
proposed rulemaking (NPRM) for this
regulation. Under 5 U.S.C. 553(b)(B), the
Coast Guard finds that good cause exists
for not publishing a NPRM, and under
5 U.S.C. 553(d)(3), good cause exists for
making this rule effective less than 30
days after publication in the Federal
Register. Publishing a NPRM and
delaying its effective date would be
contrary to public interest since
immediate action is needed to reduce
potential methods of attack on vessels,
waterfront facilities, and adjacent
population centers located within the
zones.
BILLING CODE 1505–01–D
DEPARTMENT OF HOMELAND
SECURITY
Coast Guard
33 CFR Part 165
[USCG–2009–0005]
RIN 1625–AA87
Temporary Security Zone; Freeport
LNG Basin, Freeport, TX
Coast Guard, DHS.
Temporary final rule.
AGENCY:
sroberts on PROD1PC70 with RULES
ACTION:
SUMMARY: The Coast Guard is
establishing a temporary security zone
in the Freeport LNG Basin. This security
zone is needed to protect vessels,
waterfront facilities, the public, and
other surrounding areas from
destruction, loss, or injury caused by
sabotage, subversive acts, accidents, or
other actions of a similar nature. Entry
into this zone would be prohibited,
VerDate Nov<24>2008
15:28 Mar 26, 2009
Jkt 217001
except for vessels that have obtained the
express permission from the Captain of
the Port Houston-Galveston or his
designated representative.
DATES: This rule is effective from 12
p.m. (noon) on January 15, 2009 until 12
a.m. (noon) on April 30, 2009.
ADDRESSES: Documents indicated in this
preamble as being available in the
docket, are part of docket [USCG–2009–
0005] and are available online by going
to https://www.regulations.gov, selecting
the Advanced Docket Search option on
the right side of the screen, inserting
USCG–2009–0005 in the Docket ID box,
pressing Enter, and then clicking on the
item in the Docket ID column. This
material is also available for inspection
or copying at two locations: the 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, between 9 a.m.
and 5 p.m., Monday through Friday,
except Federal holidays and the Marine
Safety Unit Galveston, 3101 FM 2004
Texas City, Texas 77591 between 8 a.m.
and 4:30 p.m., Monday through Friday,
except Federal holidays.
FOR FURTHER INFORMATION CONTACT:
Lieutenant Cliff Harder, Marine Safety
Unit Galveston, Texas, at 409–978–
2705. If you have questions on viewing
the docket, call Renee V. Wright,
Program Manager, Docket Operations,
telephone 202–366–9826.
SUPPLEMENTARY INFORMATION:
Background and Purpose
Heightened awareness of potential
terrorist acts requires enhanced security
of our ports, harbors, and vessels. To
enhance security, the Captain of the Port
Houston-Galveston is establishing a
temporary security zone.
This rule will create a new temporary
security zone within the port of
Freeport, TX. This zone would protect
waterfront facilities, persons, and
PO 00000
Frm 00029
Fmt 4700
Sfmt 4700
13341
vessels from subversive or terrorist acts.
Vessels operating within the Captain of
the Port Houston-Galveston Zone are
potential targets of terrorist attacks, or
potential launch platforms for terrorist
attacks on other vessels, waterfront
facilities, and adjacent population
centers.
This zone is being established for an
area concentrated with commercial
facilities considered critical to national
security. This rule is not designed to
restrict access to vessels engaged or
assisting in commerce with waterfront
facilities within the security zones,
vessels operated by port authorities,
vessels operated by waterfront facilities
within the security zones, and vessels
operated by federal, state, county or
municipal agencies. By limiting access
to this area the Coast Guard would
reduce potential methods of attack on
vessels, waterfront facilities, and
adjacent population centers located
within the zones. All such vessels,
which are listed in 33 CFR 165.814(c),
desiring to enter this zone would be
required to obtain express permission
from the Captain of the Port HoustonGalveston or his designated
representative prior to entry.
Discussion of Rule
The Captain of the Port HoustonGalveston is establishing a temporary
security zone in the Freeport LNG
Basin. The zone would encompass all
waters shoreward of a line drawn
between the eastern point at 28°56′25″
N, 095°18′13″ W, and the western point
at 28°56′28″ N, 095°18′31″ W. This
security zone would be part of a
comprehensive port security regime
designed to safeguard human life,
vessels, and waterfront facilities against
sabotage or terrorist attacks.
All vessels not exempted under this
rule would be prohibited from entering
the security zone unless authorized by
the Captain of the Port HoustonGalveston or his designated
representative. In Houston, vessels can
contact the Captain of the Port HoustonGalveston through Vessel Traffic Service
Houston/Galveston on VHF Channel 5A,
by telephone at 713–671–5103, or by
facsimile at 713–671–5159. In Freeport,
vessels can contact the Captain of the
Port Houston-Galveston through Marine
Safety Unit Galveston, by telephone at
409–978–2700, or by facsimile at 409–
978–2671. This rule is effective from 12
a.m. (noon) on January 15, 2009 until 12
a.m. (noon) on April 30, 2009.
Regulatory Evaluation
This rule is not a ‘‘significant
regulatory action’’ under section 3(f) of
Executive Order 12866, Regulatory
E:\FR\FM\27MRR1.SGM
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]]>Agencies
[Federal Register Volume 74, Number 58 (Friday, March 27, 2009)]
[Rules and Regulations]
[Pages 13340-13341]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-6871]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[TD 9446]
RIN 1545-BGO9
Gain Recognition Agreements With Respect to Certain Transfers of
Stock or Securities by United States Persons to Foreign Corporations;
Correction
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Correcting amendments.
-----------------------------------------------------------------------
SUMMARY: This document contains corrections to final regulations (TD
9446) that were published in the Federal Register on Wednesday,
February 11, 2009 concerning gain recognition agreements filed by
United States persons with respect to transfers of stock or securities
to foreign corporations.
DATES: This correction is effective on March 27, 2009, and is
applicable on March 13, 2009.
FOR FURTHER INFORMATION CONTACT: S. James Hawes, (202) 622-3860 (not a
toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The final regulations that are the subject of this document are
under section 367(a) of the Internal Revenue Code.
Need for Correction
The final regulations (TD 9446) that were published in the Federal
Register on February 11, 2009 (74 FR 6952), inadvertently removed
Treas. Reg. Sec. 1.367(a)-3T in its entirety rather than removing
Sec. 1.367(a)-3T(e), (f)(1), (f)(2), and the second sentence of Sec.
1.367(a)-3T(f)(3). This document correctly adds the text of Sec.
1.367(a)-3T back into the Code of Federal Regulations.
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
correcting amendments:
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 1.367(a)-3T is added to read as follows:
Sec. 1.367(a)-3T Treatment of transfers of stock or securities to
foreign corporations (temporary).
(a) through (b)(2)(i)(B) [Reserved]. For further guidance, see
Sec. 1.367(a)-3(a) through (b)(2)(i)(B).
(b)(2)(i)(C) If in connection with a transaction described in Sec.
1.367(b)-14T, one or more U.S. persons transfer stock of T, as defined
in Sec. 1.358-6(b)(1)(iii), to a corporation in a transfer described
in section 367(a), and the amount of gain in the T stock that would
otherwise be recognized under section 367(a) is less than the deemed
distribution that would result from the adjustments made under Sec.
1.367(b)-14T and that would be treated as a dividend under section
301(c)(1), then section 367(b), and not section 367(a), shall apply to
such transaction. This paragraph (b)(2)(i)(C) applies to transfers
occurring on or after May 23, 2008.
(b)(2)(ii) through (f) [Reserved]. For further guidance, see Sec.
1.367(a)-3(b)(2)(ii) through (f).
(g) Effective/applicability date. Paragraph (b)(2)(i)(C) of this
section applies to transfers occurring on or after May 23, 2008.
(h) Expiration date. The applicability of paragraph (b)(2)(i)(C) of
this section expires on May 23, 2011.
[[Page 13341]]
0
Par. 3. Section 1.367(a)-8(r)(2) is amended by revising the paragraph
heading to read as follows:
Sec. 1.367(a)-8 Gain recognition agreement requirements.
* * * * *
(r) * * *
(2) Applicability to transfers occurring before March 13, 2009 * *
*
* * * * *
Robin Jones,
Federal Register Liaison, Publications and Regulations Branch, Legal
Processing Division, Associate Chief Counsel (Procedure and
Administration).
[FR Doc. E9-6871 Filed 3-26-09; 8:45 am]
BILLING CODE 4830-01-P
