Unified Rule for Loss on Subsidiary Stock; Correction, 10172 [2010-4756]
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10172
Federal Register / Vol. 75, No. 43 / Friday, March 5, 2010 / Rules and Regulations
■
Background
§ 1313.42 Prohibition of shipments from
certain foreign sources.
The final regulations (TD 9424) that
are the subject of this document are
under sections 337, 358, 362 and 1502
of the Internal Revenue Code.
3. Section 1313.42 is added to read as
follows:
(a) If the Administrator determines
that a foreign manufacturer or
distributor of ephedrine,
pseudoephedrine, or
phenylpropanolamine has refused to
cooperate with a request by the
Administrator for information known to
the manufacturer or distributor on the
distribution of the chemical, including
sales, the Administrator may issue an
order prohibiting the importation of the
chemical in any case where the
manufacturer or distributor is part of the
chain of distribution.
(b) Not later than 60 days prior to
issuing the order to prohibit
importation, the Administrator shall
publish in the Federal Register a notice
of intent to issue the order. During the
60-day period, imports from the foreign
manufacturer or distributor may not be
restricted under this section.
DEPARTMENT OF HOMELAND
SECURITY
Coast Guard
33 CFR Part 117
Need for Correction
[Docket No. USCG–2009–0796]
RIN 1625–AA09
DEPARTMENT OF THE TREASURY
As published, the final regulations
(TD 9424) contain an error that may
prove to be misleading and is in need
of clarification. The final regulations
revised § 1.1502–35(a) to provide that,
in general, § 1.1502–35 would only
apply to transactions completed prior to
September 17, 2008. The final
regulations also revised the operative
rules in § 1.1502–35. However, the
effective date prescribed in § 1.1502–
35(j) appeared to preclude the
application of the revised § 1.1502–35 to
transactions completed prior to
September 17, 2008. The final
regulations are clarified to provide that
the revised rules in § 1.1502–35
(including the ten-year termination of
application of § 1.1502–35 described in
Background section 2.A. of the
preamble) apply after September 16,
2008, to all transactions subject to that
section.
Internal Revenue Service
List of Subjects in 26 CFR Part 1
26 CFR Part 1
Income taxes, Reporting and
recordkeeping requirements.
[FR Doc. 2010–4716 Filed 3–4–10; 8:45 am]
BILLING CODE 4410–09–P
[TD 9424]
Correction of Publication
RIN 1545–BB61
Accordingly, 26 CFR part 1 is
corrected by making the following
correcting amendment:
■
Unified Rule for Loss on Subsidiary
Stock; Correction
AGENCY: Internal Revenue Service (IRS),
Treasury.
ACTION: Correcting amendment.
This document contains a
correction to final regulations (TD 9424)
that were published in the Federal
Register on Wednesday, September 17,
2008 (73 FR 53934).
The regulations apply to corporations
filing consolidated returns, and
corporations that enter into certain taxfree reorganizations. The regulations
provide rules for determining the tax
consequences of a member’s transfer
(including by deconsolidation and
worthlessness) of loss shares of
subsidiary stock.
DATES: Effective Date: This correction is
effective on March 5, 2010, and is
applicable on September 17, 2008.
FOR FURTHER INFORMATION CONTACT:
Maury Passman, (202) 622–7550 or
Theresa Abell, (202) 622–7700 (not tollfree numbers).
SUPPLEMENTARY INFORMATION:
erowe on DSK5CLS3C1PROD with RULES
SUMMARY:
VerDate Nov<24>2008
14:25 Mar 04, 2010
Jkt 220001
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 * * *
Par. 2. Section 1.1502–35 is amended
by revising the first sentence of
paragraph (j) to read as follows:
■
§ 1.1502–35 Transfers of subsidiary stock
and deconsolidations of subsidiaries.
*
*
*
*
*
(j) Effective/applicability dates. This
section applies after September 16,
2008. * * *
LaNita Van Dyke,
Chief, Publications and Regulations Branch,
Legal Processing Division, Associate Chief
Counsel, (Procedure and Administration).
[FR Doc. 2010–4756 Filed 3–4–10; 8:45 am]
BILLING CODE 4830–01–P
PO 00000
Frm 00008
Fmt 4700
Sfmt 4700
Drawbridge Operation Regulation;
Chester River, Chestertown, MD
Coast Guard, DHS.
Final rule.
AGENCY:
ACTION:
SUMMARY: The Coast Guard is changing
the drawbridge operation regulations of
the S213 Bridge, at mile 26.8, across
Chester River at Chestertown, MD. This
final rule allows the bridge to open on
signal if at least six hours notice is given
and will provide for the reasonable
needs of navigation, due to the
anticipated infrequency of requests for
vessel openings of the drawbridge.
DATES: This rule is effective April 5,
2010.
ADDRESSES: Comments and related
materials received from the public, as
well as documents mentioned in this
preamble as being available in the
docket, are part of docket USCG–2009–
0796 and are available online by going
to https://www.regulations.gov, inserting
USCG–2009–0796 in the ‘‘Keyword’’
box, and then clicking ‘‘Search.’’ This
material is also available for inspection
or copying at 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.
Regulatory Information
On September 25, 2009, we published
a notice of proposed rulemaking
(NPRM) entitled ‘‘Drawbridge Operation
Regulations; Chester River,
Chestertown, MD’’ in the Federal
Register (74 FR 48889). We received no
comments on the proposed rule. No
public meeting was requested, and none
was held.
Background and Purpose
Maryland Department of
Transportation-State Highway
Administration (MDOT) is responsible
for the operation of the S213 Bridge, at
mile 26.8, across Chester River at
Chestertown, MD. MDOT requested
advance notification for vessel openings
year-round due to the anticipated
infrequency of requests for vessel
openings of the drawbridge.
E:\FR\FM\05MRR1.SGM
05MRR1
]]>Agencies
[Federal Register Volume 75, Number 43 (Friday, March 5, 2010)]
[Rules and Regulations]
[Page 10172]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-4756]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[TD 9424]
RIN 1545-BB61
Unified Rule for Loss on Subsidiary Stock; Correction
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Correcting amendment.
-----------------------------------------------------------------------
SUMMARY: This document contains a correction to final regulations (TD
9424) that were published in the Federal Register on Wednesday,
September 17, 2008 (73 FR 53934).
The regulations apply to corporations filing consolidated returns,
and corporations that enter into certain tax-free reorganizations. The
regulations provide rules for determining the tax consequences of a
member's transfer (including by deconsolidation and worthlessness) of
loss shares of subsidiary stock.
DATES: Effective Date: This correction is effective on March 5, 2010,
and is applicable on September 17, 2008.
FOR FURTHER INFORMATION CONTACT: Maury Passman, (202) 622-7550 or
Theresa Abell, (202) 622-7700 (not toll-free numbers).
SUPPLEMENTARY INFORMATION:
Background
The final regulations (TD 9424) that are the subject of this
document are under sections 337, 358, 362 and 1502 of the Internal
Revenue Code.
Need for Correction
As published, the final regulations (TD 9424) contain an error that
may prove to be misleading and is in need of clarification. The final
regulations revised Sec. 1.1502-35(a) to provide that, in general,
Sec. 1.1502-35 would only apply to transactions completed prior to
September 17, 2008. The final regulations also revised the operative
rules in Sec. 1.1502-35. However, the effective date prescribed in
Sec. 1.1502-35(j) appeared to preclude the application of the revised
Sec. 1.1502-35 to transactions completed prior to September 17, 2008.
The final regulations are clarified to provide that the revised rules
in Sec. 1.1502-35 (including the ten-year termination of application
of Sec. 1.1502-35 described in Background section 2.A. of the
preamble) apply after September 16, 2008, to all transactions subject
to that section.
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 amendment:
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 1.1502-35 is amended by revising the first sentence of
paragraph (j) to read as follows:
Sec. 1.1502-35 Transfers of subsidiary stock and deconsolidations of
subsidiaries.
* * * * *
(j) Effective/applicability dates. This section applies after
September 16, 2008. * * *
LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division,
Associate Chief Counsel, (Procedure and Administration).
[FR Doc. 2010-4756 Filed 3-4-10; 8:45 am]
BILLING CODE 4830-01-P
