Qualified Zone Academy Bonds; Obligations of States and Political Subdivisions; Correction, 52267 [C1-2010-21046]

Download as PDF Federal Register / Vol. 75, No. 164 / Wednesday, August 25, 2010 / Rules and Regulations 52267 This correction is effective on August 25, 2010, and is applicable on July 30, 2010. DEPARTMENT OF THE TREASURY LIBRARY OF CONGRESS Internal Revenue Service Copyright Office FOR FURTHER INFORMATION CONTACT: Zoran Stojanovic, (202) 622–3980 (not a toll-free number). 26 CFR Part 1 37 CFR Part 201 [TD 9495] [Docket No. 2005–5] SUPPLEMENTARY INFORMATION: RIN 1545–BC61 Background Qualified Zone Academy Bonds; Obligations of States and Political Subdivisions; Correction Waiver of Statement of Account Filing Deadline for the 2010/1 Period DATES: The final regulations (TD 9495) that are the subject of this document are under section 1397E of the Internal Revenue Code. Internal Revenue Service (IRS), Treasury. ACTION: Correction to final regulations. AGENCY: Need for Correction This document contains a correction to final regulations (TD 9495) that were published in the Federal Register on Friday, July 30, 2010 (75 FR 44901) providing guidance to State and local governments that issue qualified zone academy bonds and to banks, insurance companies, and other taxpayers that hold those bonds on the program requirements for qualified zone academy bonds. DATES: This correction is effective on August 25, 2010, and is applicable on July 30, 2010. FOR FURTHER INFORMATION CONTACT: Zoran Stojanovic, (202) 622–3980 (not a toll-free number). SUPPLEMENTARY INFORMATION: SUMMARY: As published, the final regulations (TD 9495) 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 Accordingly, 26 CFR part 1 is corrected by making the following correcting amendment: ■ 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 1.1397E–1 is amended by revising the first sentence of paragraph (m)(3) to read as follows: ■ § 1.1397E–1 bonds. Qualified zone academy * * * * (m) * * * (3) * * * Except to the extent inconsistent with the successor statutory provisions for QZABs in sections 54A and 54E or applicable public administrative or regulatory guidance under those provisions and except as otherwise provided in this paragraph (m)(3), issuers and taxpayers may apply these regulations to QZABs issued under sections 54A and 54E that are sold after October 3, 2008. * * * mstockstill on DSKH9S0YB1PROD with RULES * LaNita Van Dyke, Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration). [FR Doc. C1–2010–21045 Filed 8–24–10; 8:45 am] BILLING CODE 4830–01–P Background The final regulations (TD 9495) that are the subject of this document are under section 1397E of the Internal Revenue Code. Need for Correction As published, the final regulations (TD 9495) contain an error that may prove to be misleading and is in need of clarification. Correction of Publication Accordingly, the publication of the final regulations (TD 9495) which were the subject of FR Doc. 2010–18678, is corrected as follows: ■ On page 44903, column 1, in the preamble, under the paragraph heading ‘‘Effective/Applicability Dates’’, lines 2 and 3 from the last paragraph of the column, the language ‘‘Act, effective for QZABs that are sold on or after October 3, 2008, section 1397E’’ is corrected to read ‘‘Act, effective for QZABs that are sold after October 3, 2008, section 1397E’’. ■ LaNita Van Dyke, Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration). [FR Doc. C1–2010–21046 Filed 8–24–10; 8:45 am] BILLING CODE 4830–01–P VerDate Mar<15>2010 19:18 Aug 24, 2010 Jkt 220001 PO 00000 Frm 00055 Fmt 4700 Sfmt 4700 Copyright Office, Library of Congress. ACTION: Extension of Cable Statement of Account Filing Deadline AGENCY: The Copyright Office extends the deadline for the filing of the 2010/ 1 cable statements of account to September 29, 2010. In granting the extension, the Office waives the filing requirements under Section 201.17(c)(1) of its rules. The passage of the Satellite Television Extension and Localism Act of 2010 (STELA) and the subsequent work by the Office to revise the cable statements of account, in light of STELA(s amendments to the Copyright Act, have impaired the timely availability of the on-line forms cable operators use to pay their royalty fees. These circumstances will make it extremely difficult for many cable operators to comply with the current deadline. For these reasons, therefore, the Office deems the extension necessary and in the public interest. EFFECTIVE DATES: August 25, 2010. FOR FURTHER INFORMATION CONTACT: Ben Golant, Assistant General Counsel, and Tanya M. Sandros, Deputy General Counsel, Copyright GC/I&R, P.O. Box 70400, Washington, DC 20024. Telephone: (202) 707–8380. Telefax: (202) 707–8366. SUPPLEMENTARY INFORMATION: Section 111 of the Copyright Act (‘‘Act’’), title 17 of the United States Code (‘‘Section 111’’), provides cable operators with a statutory license to retransmit a performance or display a work embodied in a primary transmission made by a television station licensed by the Federal Communications Commission (‘‘FCC’’). Cable systems that retransmit broadcast signals in accordance with the provisions governing the statutory license set forth in Section 111 are required to pay royalty fees to the Copyright Office (‘‘Office’’). Payments made under the cable statutory license are remitted semi–annually to the Office which invests the royalties in United States Treasury securities pending distribution of these funds to those copyright owners who are entitled to receive a share of the fees. Congress recently passed the Satellite Television Extension and Localism Act SUMMARY: E:\FR\FM\25AUR1.SGM 25AUR1

Agencies

[Federal Register Volume 75, Number 164 (Wednesday, August 25, 2010)]
[Rules and Regulations]
[Page 52267]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: C1-2010-21046]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9495]
RIN 1545-BC61


Qualified Zone Academy Bonds; Obligations of States and Political 
Subdivisions; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to final regulations.

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SUMMARY: This document contains a correction to final regulations (TD 
9495) that were published in the Federal Register on Friday, July 30, 
2010 (75 FR 44901) providing guidance to State and local governments 
that issue qualified zone academy bonds and to banks, insurance 
companies, and other taxpayers that hold those bonds on the program 
requirements for qualified zone academy bonds.

DATES: This correction is effective on August 25, 2010, and is 
applicable on July 30, 2010.

FOR FURTHER INFORMATION CONTACT: Zoran Stojanovic, (202) 622-3980 (not 
a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The final regulations (TD 9495) that are the subject of this 
document are under section 1397E of the Internal Revenue Code.

Need for Correction

    As published, the final regulations (TD 9495) contain an error that 
may prove to be misleading and is in need of clarification.

Correction of Publication

0
Accordingly, the publication of the final regulations (TD 9495) which 
were the subject of FR Doc. 2010-18678, is corrected as follows:
0
On page 44903, column 1, in the preamble, under the paragraph heading 
``Effective/Applicability Dates'', lines 2 and 3 from the last 
paragraph of the column, the language ``Act, effective for QZABs that 
are sold on or after October 3, 2008, section 1397E'' is corrected to 
read ``Act, effective for QZABs that are sold after October 3, 2008, 
section 1397E''.

LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. C1-2010-21046 Filed 8-24-10; 8:45 am]
BILLING CODE 4830-01-P