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