Modification to Consolidated Return Regulation Permitting an Election To Treat a Liquidation of a Target, Followed by a Recontribution to a New Target, as a Cross-Chain Reorganization; Correction, 50705 [E9-23646]
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Federal Register / Vol. 74, No. 189 / Thursday, October 1, 2009 / Rules and Regulations
(A) Had a limited access endorsement
for South Atlantic rock shrimp;
(B) Failed to request renewal of his or
her endorsement within 1 year after the
endorsement’s expiration date; and
(C) Renewed his or her commercial
vessel permit for rock shrimp within 1
year after its expiration date.
(ii) Inactive endorsement. An owner
of a vessel may apply for a Commercial
Vessel Permit for Rock Shrimp (South
Atlantic EEZ) and such permit will be
issued provided the owner,
(A) Has a commercial vessel permit
for rock shrimp;
(B) Had a limited access endorsement
for South Atlantic rock shrimp and;
(C) Was unable to renew the
endorsement because the endorsement
was ‘‘inactive’’ for a period of 4
consecutive calendar years. ‘‘Inactive’’
means that the vessel with the
endorsement did not land at least
15,000 lb (6,804 kg) of rock shrimp from
the South Atlantic EEZ in a calendar
year.
(iii) Application period. Applications
under paragraph (b)(3) of this section
must be received by NMFS by January
27, 2011.
(iv) Continuity of ownership. An
applicant who believes he or she meets
the permit eligibility criteria based on
ownership of a vessel under a different
name, as may have occurred when
ownership has changed from individual
to corporate or vice versa, must
document his or her continuity of
ownership.
(c) Transfer of an existing permit. A
Commercial Vessel Permit for Rock
Shrimp (South Atlantic EEZ) is valid
only for the vessel and owner named on
the permit. To change either the vessel
or the owner, a complete application for
transfer must be submitted to the RA.
An owner of a vessel with a permit may
request that the RA transfer a valid
permit to another vessel owned by the
same entity, to the same vessel owned
by another entity, or to another vessel
with another owner. A transfer of a
permit under this paragraph will
include the transfer of the vessel’s entire
catch history of South Atlantic rock
shrimp to a new owner; no partial
transfers are allowed.
(d) Renewal. The RA will not reissue
a Commercial Vessel Permit for Rock
Shrimp (South Atlantic EEZ) if the
permit is revoked or if the RA does not
receive an application for renewal of the
permit within 1 year after the expiration
date of the permit.
(e) Limitation on permits. A vessel for
which a permit for South Atlantic rock
shrimp is required may be issued either
a Commercial Vessel Permit for Rock
Shrimp (Carolinas Zone) or a
VerDate Nov<24>2008
17:06 Sep 30, 2009
Jkt 217001
Commercial Vessel Permit for Rock
Shrimp (South Atlantic EEZ),
depending on its eligibility. However,
no such vessel may be issued both
permits for the same period of
effectiveness.
■ 9. In § 622.34, a heading is added to
paragraph (k)(1) to read as follows:
§ 622.34 Gulf EEZ seasonal and/or area
closures.
*
*
*
*
*
(k) * * *
(1) Descriptions of Areas. * * *
*
*
*
*
*
■ 10. In § 622.41, paragraphs (a)(4)(i)—
(a)(4)(iii) are added to read as follows:
§ 622.41
Species specific limitations.
*
*
*
*
*
(a) * * *
(4) * * *
(i) Permit number of site to be
harvested and date of harvest.
(ii) Name and official number of the
vessel to be used in harvesting.
(iii) Date, port, and facility at which
aquacultured live rock will be landed.
*
*
*
*
*
[FR Doc. E9–23703 Filed 9–30–09; 8:45 am]
BILLING CODE 3510–22–S
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Parts 1 and 602
[TD 9458]
RIN 1545–BI72
Modification to Consolidated Return
Regulation Permitting an Election To
Treat a Liquidation of a Target,
Followed by a Recontribution to a New
Target, as a Cross-Chain
Reorganization; Correction
AGENCY: Internal Revenue Service (IRS),
Treasury.
ACTION: Correction to temporary
regulations.
SUMMARY: This document contains
corrections to temporary regulations (TD
9458) that were published in the
Federal Register on Friday, September
4, 2009 (74 FR 45757) modifying the
election under which a consolidated
group can avoid immediately taking into
account an intercompany item after the
liquidation of a target corporation. This
modification was made necessary in
light of the regulations under section
368 that were issued in October 2007
addressing transfers of assets or stock
following a reorganization.
PO 00000
Frm 00033
Fmt 4700
Sfmt 4700
50705
DATES: These regulations are effective
on October 1, 2009, and are applicable
on September 4, 2009.
FOR FURTHER INFORMATION CONTACT:
Mary W. Lyons, (202) 622–7930 (not a
toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The temporary regulations that are the
subject of this document are under
section 1502 of the Internal Revenue
Code.
Need for Correction
As published, the temporary
regulations (TD 9458) contain errors that
may prove to be misleading and are in
need of clarification.
Correction of Publication
Accordingly, the publication of the
temporary regulations (TD 9458), which
were the subject of FR Doc. E9–21324,
is corrected as follows:
1. On page 45757, column 2, in the
preamble, under the caption DATES:, line
12, the language ‘‘§ 1.1502–13(f)(ii)(B)(1)
and (2) in effect’’ is corrected to read
‘‘§ 1.1502–13(f)(5)(ii)(B)(1) and (2) in
effect’’.
2. On page 45758, column 1, in the
preamble, under the paragraph heading
‘‘1. Results Prior to the Issuance of
§ 1.368–2(k) Regulations’’, last line of
the third paragraph of the column, the
language ‘‘accomplished. See § 1.1502–
13(a)(1)).’’ is corrected to read
‘‘accomplished. See § 1.1502–13(a)(1).’’.
3. On page 45758, column 2, in the
preamble, under the paragraph heading
‘‘2. Results After the Issuance of
§ 1.368–2(k) Regulations’’, line 7 from
the bottom of the first paragraph of the
column, the language ‘‘of assets, and
would no longer be’’ is corrected to read
‘‘of assets, and could no longer be’’.
4. On page 45758, column 3, in the
preamble, under the paragraph heading
‘‘5. Effective/Applicability Date’’, line
10, the language ‘‘13(f)(ii)(B)(1) and (2)
in effect prior to’’ is corrected to read
‘‘13(f)(5)(ii)(B)(1) and (2) in effect prior
to’’.
LaNita Van Dyke,
Chief, Publications and Regulations Branch,
Legal Processing Division, Associate Chief
Counsel, (Procedure and Administration).
[FR Doc. E9–23646 Filed 9–30–09; 8:45 am]
BILLING CODE 4830–01–P
E:\FR\FM\01OCR1.SGM
01OCR1
]]>Agencies
[Federal Register Volume 74, Number 189 (Thursday, October 1, 2009)]
[Rules and Regulations]
[Page 50705]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-23646]
=======================================================================
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Parts 1 and 602
[TD 9458]
RIN 1545-BI72
Modification to Consolidated Return Regulation Permitting an
Election To Treat a Liquidation of a Target, Followed by a
Recontribution to a New Target, as a Cross-Chain Reorganization;
Correction
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Correction to temporary regulations.
-----------------------------------------------------------------------
SUMMARY: This document contains corrections to temporary regulations
(TD 9458) that were published in the Federal Register on Friday,
September 4, 2009 (74 FR 45757) modifying the election under which a
consolidated group can avoid immediately taking into account an
intercompany item after the liquidation of a target corporation. This
modification was made necessary in light of the regulations under
section 368 that were issued in October 2007 addressing transfers of
assets or stock following a reorganization.
DATES: These regulations are effective on October 1, 2009, and are
applicable on September 4, 2009.
FOR FURTHER INFORMATION CONTACT: Mary W. Lyons, (202) 622-7930 (not a
toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The temporary regulations that are the subject of this document are
under section 1502 of the Internal Revenue Code.
Need for Correction
As published, the temporary regulations (TD 9458) contain errors
that may prove to be misleading and are in need of clarification.
Correction of Publication
Accordingly, the publication of the temporary regulations (TD
9458), which were the subject of FR Doc. E9-21324, is corrected as
follows:
1. On page 45757, column 2, in the preamble, under the caption
DATES:, line 12, the language ``Sec. 1.1502-13(f)(ii)(B)(1) and (2) in
effect'' is corrected to read ``Sec. 1.1502-13(f)(5)(ii)(B)(1) and (2)
in effect''.
2. On page 45758, column 1, in the preamble, under the paragraph
heading ``1. Results Prior to the Issuance of Sec. 1.368-2(k)
Regulations'', last line of the third paragraph of the column, the
language ``accomplished. See Sec. 1.1502-13(a)(1)).'' is corrected to
read ``accomplished. See Sec. 1.1502-13(a)(1).''.
3. On page 45758, column 2, in the preamble, under the paragraph
heading ``2. Results After the Issuance of Sec. 1.368-2(k)
Regulations'', line 7 from the bottom of the first paragraph of the
column, the language ``of assets, and would no longer be'' is corrected
to read ``of assets, and could no longer be''.
4. On page 45758, column 3, in the preamble, under the paragraph
heading ``5. Effective/Applicability Date'', line 10, the language
``13(f)(ii)(B)(1) and (2) in effect prior to'' is corrected to read
``13(f)(5)(ii)(B)(1) and (2) in effect prior to''.
LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division,
Associate Chief Counsel, (Procedure and Administration).
[FR Doc. E9-23646 Filed 9-30-09; 8:45 am]
BILLING CODE 4830-01-P
