Exclusions From Gross Income of Foreign Corporations; Correction, 63380 [2010-25950]
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63380
Federal Register / Vol. 75, No. 199 / Friday, October 15, 2010 / Rules and Regulations
Executive Order 13132 (Federalism)
DEPARTMENT OF THE TREASURY
The Department has reviewed this
proposed rule in accordance with
Executive Order 13132 regarding
federalism, and has determined that it
does not have ‘‘federalism implications.’’
The rule will not ‘‘have substantial
direct effects on the States, on the
relationship between the national
government and the States, or on the
distribution of power and
responsibilities among the various
levels of government.’’
Internal Revenue Service
Executive Order 12988 (Civil Justice
Reform)
26 CFR Part 1
[TD 9502]
RIN 1545–BF90
Exclusions From Gross Income of
Foreign Corporations; Correction
■
Internal Revenue Service (IRS),
Treasury.
ACTION: Correcting amendment.
§ 1.883–5
AGENCY:
This document contains
corrections to final regulations (TD
9502) that were published in the
Federal Register on Friday, September
17, 2010 (75 FR 56858) under section
883(a) and (c) of the Internal Revenue
Code, concerning the exclusion from
gross income of income derived by
certain foreign corporations from the
international operation of ships or
aircraft.
SUMMARY:
This rule meets the applicable
standards in sections 3(a) and 3(b)(2) of
Executive Order 12988, Civil Justice
Reform, to minimize litigation,
eliminate ambiguity, and reduce
burden.
List of Subjects in 20 CFR Part 701
Longshore and harbor workers,
Organization and functions (government
agencies), Workers’ compensation.
Based on the authority and reasons set
forth in the preamble, 20 CFR chapter VI
is amended to read as follows:
■
This correction is effective on
October 15, 2010, and is applicable on
September 17, 2010.
FOR FURTHER INFORMATION CONTACT:
Patricia A. Bray, (202) 622–3880 (not a
toll-free number).
SUPPLEMENTARY INFORMATION:
DATES:
CHAPTER VI—OFFICE OF WORKERS’
COMPENSATION PROGRAMS,
DEPARTMENT OF LABOR
Background
1. Revise the chapter heading of 20
CFR chapter VI to read as shown above.
PART 701—GENERAL;
ADMINISTERING AGENCY;
DEFINITIONS AND USE OF TERMS
The final regulations (TD 9502) that
are the subject of this document are
under section 883 of the Internal
Revenue Code.
Need for Correction
■
2. The authority citation for part 701
is revised to read as follows:
Authority: 5 U.S.C. 301 and 8171 et seq.;
33 U.S.C. 939; 36 D.C. Code 501 et seq.; 42
U.S.C. 1651 et seq.; 43 U.S.C. 1331;
Reorganization Plan No. 6 of 1950, 15 FR
3174, 3 CFR, 1949–1953 Comp., p. 1004, 64
Stat. 1263; Secretary’s Order 10–2009, 74 FR
58834 (Nov. 13, 2009).
■
3. Revise § 701.201 to read as follows:
mstockstill on DSKH9S0YB1PROD with RULES
§ 701.201 Office of Workers’
Compensation Programs.
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 amendments:
■
PART 1—INCOME TAXES
Paragraph 1. The authority citation
for part 1 continues to read in part as
follows:
The Office of Workers’ Compensation
Programs is responsible for
administering the LHWCA and its
extensions.
■
Signed at Washington, DC, this 5th day of
October 2010.
Seth D. Harris,
Deputy Secretary.
■
Authority: 26 U.S.C. 7805 * * *
Par. 2. Section 1.883–2 is amended by
revising paragraph (f)(4)(ii)(C) to read as
follows:
[FR Doc. 2010–25521 Filed 10–14–10; 8:45 am]
§ 1.883–2 Treatment of publicly-traded
corporations.
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Par. 3. Section 1.883–5 is amended by
revising the heading of paragraph (d) to
read as follows:
Effective/applicability dates.
*
*
*
*
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(d) Effective/applicability dates.
* * *
LaNita Van Dyke,
Chief, Publications and Regulations Branch,
Legal Processing Division, Associate Chief
Counsel (Procedure and Administration).
[FR Doc. 2010–25950 Filed 10–14–10; 8:45 am]
BILLING CODE 4830–01–P
PENSION BENEFIT GUARANTY
CORPORATION
29 CFR Part 4022
Benefits Payable in Terminated SingleEmployer Plans; Interest Assumptions
for Paying Benefits
Pension Benefit Guaranty
Corporation.
ACTION: Final rule.
AGENCY:
As published, the final regulations
(TD 9502) contain errors that may prove
to be misleading and are in need of
clarification.
■
(f) * * *
(4) * * *
(ii) * * *
(C) The number of days during the
taxable year of the foreign corporation
that such qualified shareholders owned,
directly or indirectly, their shares in the
closely held block of stock.
*
*
*
*
*
*
Fmt 4700
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Sfmt 4700
This final rule amends
Pension Benefit Guaranty Corporation’s
regulation on Benefits Payable in
Terminated Single-Employer Plans to
prescribe interest assumptions under
the regulation for valuation dates in
November 2010. Interest assumptions
are also published on PBGC’s Web site
(https://www.pbgc.gov).
DATES: Effective November 1, 2010.
FOR FURTHER INFORMATION CONTACT:
Catherine B. Klion, Manager, Regulatory
and Policy Division, Legislative and
Regulatory Department, Pension Benefit
Guaranty Corporation, 1200 K Street,
NW., Washington, DC 20005, 202–326–
4024. (TTY/TDD users may call the
Federal relay service toll-free at 1–800–
877–8339 and ask to be connected to
202–326–4024.)
SUPPLEMENTARY INFORMATION: PBGC’s
regulation on Benefits Payable in
Terminated Single-Employer Plans (29
CFR part 4022) prescribes actuarial
assumptions—including interest
assumptions—for paying plan benefits
under terminating single-employer
plans covered by title IV of the
Employee Retirement Income Security
Act of 1974.
SUMMARY:
E:\FR\FM\15OCR1.SGM
15OCR1
]]>Agencies
[Federal Register Volume 75, Number 199 (Friday, October 15, 2010)]
[Rules and Regulations]
[Page 63380]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-25950]
=======================================================================
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[TD 9502]
RIN 1545-BF90
Exclusions From Gross Income of Foreign Corporations; Correction
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Correcting amendment.
-----------------------------------------------------------------------
SUMMARY: This document contains corrections to final regulations (TD
9502) that were published in the Federal Register on Friday, September
17, 2010 (75 FR 56858) under section 883(a) and (c) of the Internal
Revenue Code, concerning the exclusion from gross income of income
derived by certain foreign corporations from the international
operation of ships or aircraft.
DATES: This correction is effective on October 15, 2010, and is
applicable on September 17, 2010.
FOR FURTHER INFORMATION CONTACT: Patricia A. Bray, (202) 622-3880 (not
a toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The final regulations (TD 9502) that are the subject of this
document are under section 883 of the Internal Revenue Code.
Need for Correction
As published, the final regulations (TD 9502) contain errors that
may prove to be misleading and are in need of clarification.
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 amendments:
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 1.883-2 is amended by revising paragraph (f)(4)(ii)(C)
to read as follows:
Sec. 1.883-2 Treatment of publicly-traded corporations.
* * * * *
(f) * * *
(4) * * *
(ii) * * *
(C) The number of days during the taxable year of the foreign
corporation that such qualified shareholders owned, directly or
indirectly, their shares in the closely held block of stock.
* * * * *
0
Par. 3. Section 1.883-5 is amended by revising the heading of paragraph
(d) to read as follows:
Sec. 1.883-5 Effective/applicability dates.
* * * * *
(d) Effective/applicability dates. * * *
LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division,
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2010-25950 Filed 10-14-10; 8:45 am]
BILLING CODE 4830-01-P
