Corporate Reorganizations; Distributions Under Sections 368(a)(1)(D) and 354(b)(1)(B); Correction, 3160 [2010-869]

Download as PDF 3160 ACTION: Federal Register / Vol. 75, No. 12 / Wednesday, January 20, 2010 / Rules and Regulations Correcting amendment. DEPARTMENT OF THE TREASURY SUMMARY: This document contains a correction to final regulations (TD 9475) that were published in the Federal Register on Friday, December 18, 2009 (74 FR 67053) providing guidance regarding the qualification of certain transactions as reorganizations described in section 368(a)(1)(D) where no stock and/or securities of the acquiring corporation is issued and distributed in the transaction. DATES: This correction is effective on January 20, 2010, and is applicable on December 18, 2009. FOR FURTHER INFORMATION CONTACT: Bruce A. Decker, (202) 622–7790 (not a toll-free number). SUPPLEMENTARY INFORMATION: Background The final regulations (TD 9475) that are the subject of this document are under sections 358, 368 and 1502 of the Internal Revenue Code. Need for Correction As published, the final regulations (TD 9475) contain an error that may prove to be misleading and is in need of clarification. List of Subjects in 26 CFR Part 1 Income taxes, Reporting and recordkeeping requirements. Correction of Publication Authority: 26 U.S.C. 7805 * * * Par. 2. Section 1.368–2 is amended by revising paragraph (l)(2)(iv) to read as follows:. ■ Definition of terms. * * * * (l) * * * (2) * * * (iv) Exception. Paragraph (l)(2) of this section does not apply to a transaction otherwise described in § 1.358–6(b)(2). * * * * * pwalker on DSK8KYBLC1PROD with RULES * Guy R. Traynor, Acting Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, (Procedure and Administration). VerDate Nov<24>2008 15:59 Jan 19, 2010 Jkt 220001 [TD 9475] [FR Doc. 2010–869 Filed 1–19–10; 8:45 am] RIN 1545–BF83 BILLING CODE 4830–01–P Corporate Reorganizations; Distributions Under Sections 368(a)(1)(D) and 354(b)(1)(B); Correction DEPARTMENT OF JUSTICE Internal Revenue Service (IRS), Treasury. ACTION: Correction to final regulations. AGENCY: This document contains corrections to final regulations (TD 9475) that were published in the Federal Register on Friday, December 18, 2009 (74 FR 67053) providing guidance regarding the qualification of certain transactions as reorganizations described in section 368(a)(1)(D) where no stock and/or securities of the acquiring corporation is issued and distributed in the transaction. DATES: This correction is effective on January 20, 2010, and is applicable on December 18, 2009. FOR FURTHER INFORMATION CONTACT: Bruce A. Decker, (202) 622–7790 (not a toll-free number). SUPPLEMENTARY INFORMATION: SUMMARY: Need for Correction Paragraph 1. The authority citation for part 1 continues to read in part as follows: ■ BILLING CODE 4830–01–P 26 CFR Part 1 The final regulations (TD 9475) that are the subject of this document are under sections 358, 368 and 1502 of the Internal Revenue Code. PART 1—INCOME TAXES [FR Doc. 2010–866 Filed 1–19–10; 8:45 am] Guy R. Traynor, Acting Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, Procedure and Administration. Background Accordingly, 26 CFR part 1 is corrected by making the following correcting amendment: ■ § 1.368–2 Internal Revenue Service and replaced with the language ‘‘the rule that if the same person or’’ in its place. As published, the final regulations (TD 9475) contain errors that may prove to be misleading and are in need of clarification. Correction of Publication Accordingly, the publication of the final regulations (TD 9475), which were the subject of FR Doc. E9–30170, is corrected as follows: 1. On page 67054, column 1, in the preamble, under the paragraph heading ‘‘Background’’, line 12 from the bottom of the column, the language ‘‘transaction if the same persons or’’ is removed and replaced with the language ‘‘transaction if the same person or’’ in its place. 2. On page 67055, column 2, in the preamble, under the paragraph heading ‘‘Issuance of Nominal Share’’, line 9 from the bottom of the third paragraph of the column, the language ‘‘the rule that if the same persons or’’ is removed PO 00000 Frm 00036 Fmt 4700 Sfmt 4700 Bureau of Alcohol, Tobacco, Firearms, and Explosives 27 CFR Part 555 [Docket No. ATF 15F; AG Order No. 3133– 2010] RIN 1140–AA30 Commerce in Explosives—Storage of Shock Tube With Detonators (2005R–3P) AGENCY: Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF), Department of Justice. ACTION: Final rule. SUMMARY: The Department of Justice is amending the regulations of the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF) by allowing shock tube to be stored with detonators because these materials when stored together do not pose a mass detonation hazard. Shock tube is a small diameter plastic laminate tube coated with a very thin layer of explosive material. When initiated, it transmits a low energy wave from one point to another. The outer surface of the tube remains intact during and after functioning. DATES: This rule is effective March 22, 2010. FOR FURTHER INFORMATION CONTACT: James P. Ficaretta, Enforcement Programs and Services, Bureau of Alcohol, Tobacco, Firearms, and Explosives, U.S. Department of Justice, 99 New York Avenue, NE., Washington, DC 20226; telephone: (202) 648–7094. SUPPLEMENTARY INFORMATION: I. Background ATF is responsible for implementing Title XI, Regulation of Explosives (18 United States Code (U.S.C.) chapter 40), of the Organized Crime Control Act of 1970. One of the stated purposes of the Act is to reduce the hazards to persons and property arising from misuse and unsafe or insecure storage of explosive materials. Under section 847 of title 18, U.S.C., the Attorney General ‘‘may prescribe such rules and regulations as E:\FR\FM\20JAR1.SGM 20JAR1

Agencies

[Federal Register Volume 75, Number 12 (Wednesday, January 20, 2010)]
[Rules and Regulations]
[Page 3160]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-869]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9475]
RIN 1545-BF83


Corporate Reorganizations; Distributions Under Sections 
368(a)(1)(D) and 354(b)(1)(B); Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to final regulations.

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SUMMARY: This document contains corrections to final regulations (TD 
9475) that were published in the Federal Register on Friday, December 
18, 2009 (74 FR 67053) providing guidance regarding the qualification 
of certain transactions as reorganizations described in section 
368(a)(1)(D) where no stock and/or securities of the acquiring 
corporation is issued and distributed in the transaction.

DATES: This correction is effective on January 20, 2010, and is 
applicable on December 18, 2009.

FOR FURTHER INFORMATION CONTACT: Bruce A. Decker, (202) 622-7790 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The final regulations (TD 9475) that are the subject of this 
document are under sections 358, 368 and 1502 of the Internal Revenue 
Code.

Need for Correction

    As published, the final regulations (TD 9475) contain errors that 
may prove to be misleading and are in need of clarification.

Correction of Publication

    Accordingly, the publication of the final regulations (TD 9475), 
which were the subject of FR Doc. E9-30170, is corrected as follows:
    1. On page 67054, column 1, in the preamble, under the paragraph 
heading ``Background'', line 12 from the bottom of the column, the 
language ``transaction if the same persons or'' is removed and replaced 
with the language ``transaction if the same person or'' in its place.
    2. On page 67055, column 2, in the preamble, under the paragraph 
heading ``Issuance of Nominal Share'', line 9 from the bottom of the 
third paragraph of the column, the language ``the rule that if the same 
persons or'' is removed and replaced with the language ``the rule that 
if the same person or'' in its place.

Guy R. Traynor,
Acting Chief, Publications and Regulations Branch, Legal Processing 
Division, Associate Chief Counsel, Procedure and Administration.
[FR Doc. 2010-869 Filed 1-19-10; 8:45 am]
BILLING CODE 4830-01-P