Sales-Based Royalties and Vendor Allowances; Hearing, 15887 [2011-6601]

Download as PDF Federal Register / Vol. 76, No. 55 / Tuesday, March 22, 2011 / Proposed Rules public hearing is under section 1273(b) of the Internal Revenue Code. The public comment period for the Authority: 15 U.S.C. 77c, 77d, 77g, 77j, proposed rulemaking expired on March 77s, 77z–2, 77z–3, 77eee, 77ggg, 77nnn, 8, 2011. The notice of proposed 77sss, 77ttt, 78c, 78d, 78e, 78f, 78g, 78i, 78j, 78j–1, 78k, 78k–1, 78l, 78m, 78n, 78n–1, 78o, rulemaking and notice of public hearing 78o–4, 78p, 78q, 78s, 78u–5, 78w, 78x, 78ll, instructed those interested in testifying 78mm, 80a–20, 80a–23, 80a–29, 80a–37, 80b– at the public hearing to submit an 3, 80b–4, 80b–11, and 7201 et seq.; 18 U.S.C. outline of the topics to be addressed. As 1350; and 12 U.S.C. 5221(e)(3), unless of Tuesday, March 15, 2011, no one has otherwise noted. requested to speak. Therefore, the * * * * * public hearing scheduled for April 13, Section 240.13d–3 is also issued under 2011, is cancelled. citations are added in numerical order to read as follows: Pub. L. 111–203 § 766, 124 Stat. 1799 (2010). Section 240.16a–1(a) is also issued under Pub. L. 111–203 § 766, 124 Stat. 1799 (2010). * * * * * Dated: March 17, 2011. By the Commission. Elizabeth M. Murphy, Secretary. LaNita VanDyke, Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration). [FR Doc. 2011–6603 Filed 3–21–11; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY [FR Doc. 2011–6685 Filed 3–21–11; 8:45 am] BILLING CODE 8011–01–P 26 CFR Part 1 [REG–149335–08] Internal Revenue Service RIN 1545–BI57 26 CFR Part 1 [REG–131947–10] Sales-Based Royalties and Vendor Allowances; Hearing RIN 1545–BJ71 AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice of public hearing on proposed rulemaking. Property Traded on an Established Market; Hearing Cancellation Internal Revenue Service (IRS), Treasury. ACTION: Cancellation of notice of public hearing on proposed rulemaking. AGENCY: This document cancels a public hearing on a proposed rulemaking relating to determining when property is traded on an established market (that is, publicly traded) for purposes of determining the issue price of a debt instrument. DATES: The public hearing originally scheduled for April 13, 2011 at 10 a.m. is cancelled. FOR FURTHER INFORMATION CONTACT: Funmi Taylor of the Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration) at (202) 622–7180 (not a toll-free number). SUPPLEMENTARY INFORMATION: A notice of proposed rulemaking and a notice of public hearing that appeared in the Federal Register on Friday, January 7, 2011 (76 FR 1101) announced that a public hearing was scheduled for April 13, 2011, at 10 a.m. in the IRS Auditorium, Internal Revenue Building, 1111 Constitution Avenue, NW., Washington, DC. The subject of the srobinson on DSKHWCL6B1PROD with PROPOSALS SUMMARY: VerDate Mar<15>2010 16:12 Mar 21, 2011 Jkt 223001 This document provides notice of public hearing on a notice of proposed rulemaking relating to the capitalization and allocation of royalties that are incurred only upon the sale of property produced or property acquired for resale (sales-based royalties) and adjusting the cost of merchandise inventory for an allowance, discount, or price rebated based on merchandise sales (sales-based vendor allowances). The regulations modify the simplified production method and the simplified resale method of allocating capitalized costs between ending inventory and cost of goods sold. The regulations affect taxpayers that incur capitalizable salesbased royalties and earn sales-based vendor allowances. DATES: The public hearing is being held on Wednesday, April 13, 2011, at 10 a.m. The IRS must receive outlines of the topics to be discussed at the hearing by Monday, March 28, 2011. ADDRESSES: The public hearing is being held in the auditorium, Internal Revenue Building, 1111 Constitution Avenue, NW., Washington, DC. Send submissions to: CC: PA: LPD: PR (REG– 149335–08), room 5203, Internal Revenue Service, P. O. Box 7604, Ben SUMMARY: PO 00000 Frm 00029 Fmt 4702 Sfmt 9990 Franklin Station, Washington, DC 20044. Submissions may be handdelivered Monday through Friday between the hours of 8 a.m. and 4 p.m. to CC: PA: LPD: PR (REG–149335–08), Courier’s Desk, Internal Revenue Service, 1111 Constitution Avenue, NW., Washington, DC. Alternatively, taxpayers may submit electronic outlines of oral comments via the Federal eRulemaking Portal at https:// www.regulations.gov. FOR FURTHER INFORMATION CONTACT: Concerning the proposed regulations, John Roman Faron at (202) 622–4930; concerning submissions of comments, the hearing, and/or to be placed on the building access list to attend the hearing, Richard A. Hurst at Richard.A.Hurst@irscounsel.treas.gov or (202) 622–7180 (not toll-free numbers). The subject of the public hearing is the notice of proposed rulemaking (REG– 149335–08) that was published in the Federal Register on Friday, December 17, 2010 (75 FR 78940). Persons, who wish to present oral comments at the hearing that submitted written comments, must submit an outline of the topics to be discussed and the amount of time to be devoted to each topic (signed original and eight (8) copies) by Monday, March 28, 2011. A period of 10 minutes is allotted to each person for presenting oral comments. After the deadline for receiving outlines has passed, the IRS will prepare an agenda containing the schedule of speakers. Copies of the agenda will be made available, free of charge, at the hearing or in the Freedom of Information Reading Room (FOIA RR) (Room 1621) which is located at the 11th and Pennsylvania Avenue, NW., entrance, 1111 Constitution Avenue, NW., Washington, DC. Because of access restrictions, the IRS will not admit visitors beyond the immediate entrance area more than 30 minutes before the hearing starts. For information about having your name placed on the building access list to attend the hearing, see the FOR FURTHER INFORMATION CONTACT section of this document. SUPPLEMENTARY INFORMATION: Internal Revenue Service DEPARTMENT OF THE TREASURY 15887 LaNita Van Dyke, Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration). [FR Doc. 2011–6601 Filed 3–21–11; 8:45 am] BILLING CODE 4830–01–P E:\FR\FM\22MRP1.SGM 22MRP1

Agencies

[Federal Register Volume 76, Number 55 (Tuesday, March 22, 2011)]
[Proposed Rules]
[Page 15887]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-6601]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-149335-08]
RIN 1545-BI57


Sales-Based Royalties and Vendor Allowances; Hearing

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice of public hearing on proposed rulemaking.

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SUMMARY: This document provides notice of public hearing on a notice of 
proposed rulemaking relating to the capitalization and allocation of 
royalties that are incurred only upon the sale of property produced or 
property acquired for resale (sales-based royalties) and adjusting the 
cost of merchandise inventory for an allowance, discount, or price 
rebated based on merchandise sales (sales-based vendor allowances). The 
regulations modify the simplified production method and the simplified 
resale method of allocating capitalized costs between ending inventory 
and cost of goods sold. The regulations affect taxpayers that incur 
capitalizable sales-based royalties and earn sales-based vendor 
allowances.

DATES: The public hearing is being held on Wednesday, April 13, 2011, 
at 10 a.m. The IRS must receive outlines of the topics to be discussed 
at the hearing by Monday, March 28, 2011.

ADDRESSES: The public hearing is being held in the auditorium, Internal 
Revenue Building, 1111 Constitution Avenue, NW., Washington, DC. Send 
submissions to: CC: PA: LPD: PR (REG-149335-08), room 5203, Internal 
Revenue Service, P. O. Box 7604, Ben Franklin Station, Washington, DC 
20044. Submissions may be hand-delivered Monday through Friday between 
the hours of 8 a.m. and 4 p.m. to CC: PA: LPD: PR (REG-149335-08), 
Courier's Desk, Internal Revenue Service, 1111 Constitution Avenue, 
NW., Washington, DC. Alternatively, taxpayers may submit electronic 
outlines of oral comments via the Federal eRulemaking Portal at https://www.regulations.gov.

FOR FURTHER INFORMATION CONTACT: Concerning the proposed regulations, 
John Roman Faron at (202) 622-4930; concerning submissions of comments, 
the hearing, and/or to be placed on the building access list to attend 
the hearing, Richard A. Hurst at Richard.A.Hurst@irscounsel.treas.gov 
or (202) 622-7180 (not toll-free numbers).

SUPPLEMENTARY INFORMATION: The subject of the public hearing is the 
notice of proposed rulemaking (REG-149335-08) that was published in the 
Federal Register on Friday, December 17, 2010 (75 FR 78940).
    Persons, who wish to present oral comments at the hearing that 
submitted written comments, must submit an outline of the topics to be 
discussed and the amount of time to be devoted to each topic (signed 
original and eight (8) copies) by Monday, March 28, 2011.
    A period of 10 minutes is allotted to each person for presenting 
oral comments. After the deadline for receiving outlines has passed, 
the IRS will prepare an agenda containing the schedule of speakers. 
Copies of the agenda will be made available, free of charge, at the 
hearing or in the Freedom of Information Reading Room (FOIA RR) (Room 
1621) which is located at the 11th and Pennsylvania Avenue, NW., 
entrance, 1111 Constitution Avenue, NW., Washington, DC.
    Because of access restrictions, the IRS will not admit visitors 
beyond the immediate entrance area more than 30 minutes before the 
hearing starts. For information about having your name placed on the 
building access list to attend the hearing, see the FOR FURTHER 
INFORMATION CONTACT section of this document.

LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2011-6601 Filed 3-21-11; 8:45 am]
BILLING CODE 4830-01-P