Guidance Regarding Deduction and Capitalization of Expenditures Related to Tangible Property; Correction, 18146 [2012-7266]

Download as PDF 18146 Federal Register / Vol. 77, No. 59 / Tuesday, March 27, 2012 / Proposed Rules rulemaking (REG–168745–03), which was published in the Federal Register relating to sections 162, and 263, providing guidance on the deduction and capitalization of expenditures related to tangible property. Effective Date: March 27, 2012 and is applicable on or after December 27, 2011. DATES: FOR FURTHER INFORMATION CONTACT: Merrill Feldstein at (202) 622–4950, not a toll-free number. SUPPLEMENTARY INFORMATION: Background The notice of proposed rulemaking that is the subject of these corrections are under sections 162, 167, 168, and 263 of the Internal Revenue Code. As published on December 27, 2011 (76 FR 81128), the notice of proposed rulemaking (REG–168745–03), contains errors which may prove to be misleading and are in need of clarification. Correction of Publication Accordingly, the publication of the notice of proposed rulemaking (REG– 168745–03), which were the subject of FR. Doc. 2011–32024, is corrected as follows: List of Subjects in 26 CFR part 1 PART 1—INCOME TAXES Authority: 26 U.S.C. 7805 * * * Par. 2. Section 1.162–3 is corrected to read as follows: mstockstill on DSK4VPTVN1PROD with PROPOSALS [Corrected] Materials and supplies. [The text of the proposed amendments to § 1.163–3 (a) through (j) is the same as the text of § 1.163–3T(a) through (j) published elsewhere in this issue of the Federal Register.] BILLING CODE 4830–01–P VerDate Mar<15>2010 15:56 Mar 26, 2012 Jkt 226001 RIN 1545–BE18 Guidance Regarding Deduction and Capitalization of Expenditures Related to Tangible Property; Correction Internal Revenue Service (IRS), Treasury. ACTION: Notice of proposed rulemaking; Correction. AGENCY: This document contains corrections to a notice of proposed rulemaking (REG–168745–03), which was published in the Federal Register relating to sections 162, and 263 providing guidance on the deduction and capitalization of expenditures related to tangible property. DATES: Effective Date: March 27, 2012. FOR FURTHER INFORMATION CONTACT: Merrill D. Feldstein at (202) 622–4950 (not a toll-free number). SUPPLEMENTARY INFORMATION: Background The notice of proposed rulemaking that is the subject of these corrections is under sections 162, 167, 168, and 263 of the Internal Revenue Code. Hearing’’ the language ‘‘for April 4, 2012, beginning at 10 a.m.’’ is corrected to read ‘‘for May 9, 2012, beginning at 10 a.m.’’. 4. On page 81128, column three, line three in the preamble under the caption ‘‘Drafting Information’’, the language ‘‘Katherine Reed, Office of the Associate’’ is corrected to read ‘‘Kathleen Reed, Office of the Associate’’. 5. On page 81130, column one, Par. 11., item one is redesignated as item 3 and the language ‘‘Revising paragraphs (a) through (l)(1); and’’ is corrected to read as ‘‘Revising paragraphs (a) through (h) and revising paragraphs (j) through (l)(1).’’ 6. On page 81130, column one, under Par. 11. instructions, newly redesignated item one reads as ‘‘Removing paragraphs (l), (l)(1), (l)(2) and (l)(3) and redesignating paragraphs (k), (k)(1), (k)(2), and (k)(3) as paragraphs (l), (l)(1), (l)(2) and (l)(3) respectively.’’ 7. On page 81130, column one, under Par. 11. instructions, newly redesignated paragraph item 2 is corrected to read as ‘‘Redesignating paragraph (j) as paragraph (k) and redesignating paragraph (i) as paragraph (j), and adding a new paragraph (i).’’ 8. On page 81130, column one, under Par. 11. instructions, newly redesignated item 4 reads as ‘‘Adding paragraph (m).’’ Guy R. Traynor, Federal Register Liaison, Publications and Regulations, Legal Processing Division, Associate Chief Counsel, Procedure and Administration. [FR Doc. 2012–7266 Filed 3–26–12; 8:45 am] BILLING CODE 4830–01–P Correction of Publication Paragraph 1. The authority citation for part 1 continues to read in part as follows: [FR Doc. 2012–7267 Filed 3–26–12; 8:45 am] [REG–168745–03] As published on December 27, 2011 (76 FR 81128), the notice of proposed rulemaking (REG–168745–03), contains errors which may prove to be misleading and are in need of clarification. Accordingly, 26 CFR part 1 is corrected my making the following correcting amendment: Guy R. Traynor, Federal Register Liaison, Publications and Regulations, Legal Processing Division, Associate Chief Counsel, Procedure and Administration. 26 CFR Part 1 Need for Correction Income taxes, Reporting and recordkeeping requirements. § 1.162–3 Internal Revenue Service SUMMARY: Need for Correction § 1.162–3 DEPARTMENT OF THE TREASURY Accordingly, the publication of the notice of proposed rulemaking (REG– 168745–03), which were the subject of FR. Doc. 2011–32024, is corrected as follows: 1. On page 81128, column one, in the preamble under the caption DATES, lines one, two and three, the language ‘‘Written and/or electronic comments and requests for a public hearing must be received by March 26,’’ is corrected to read ‘‘Written and/or electronic comments must be received by March 26,’’. 2. On page 81128, column one, line 6 under the caption DATES, the language ‘‘hearing scheduled for April 4, 2012 at’’ is corrected to read ‘‘hearing scheduled for May 9, 2012 at’’. 3. On page 81128, column three, line two of the second paragraph under the caption ‘‘Comments and Public PO 00000 Frm 00038 Fmt 4702 Sfmt 4702 DEPARTMENT OF THE TREASURY Alcohol and Tobacco Tax and Trade Bureau 27 CFR Part 5 [Docket No. TTB–2012–0001; Notice No. 126] RIN 1513–AB91 Standards of Identity for Pisco and Cognac Alcohol and Tobacco Tax and Trade Bureau, Treasury. ACTION: Notice of proposed rulemaking. AGENCY: In this document, the Alcohol and Tobacco Tax and Trade Bureau proposes to amend its regulations setting forth the standards of identity for distilled spirits to include Pisco as a SUMMARY: E:\FR\FM\27MRP1.SGM 27MRP1

Agencies

[Federal Register Volume 77, Number 59 (Tuesday, March 27, 2012)]
[Proposed Rules]
[Page 18146]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-7266]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-168745-03]
RIN 1545-BE18


Guidance Regarding Deduction and Capitalization of Expenditures 
Related to Tangible Property; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice of proposed rulemaking; Correction.

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SUMMARY: This document contains corrections to a notice of proposed 
rulemaking (REG-168745-03), which was published in the Federal Register 
relating to sections 162, and 263 providing guidance on the deduction 
and capitalization of expenditures related to tangible property.

DATES: Effective Date: March 27, 2012.

FOR FURTHER INFORMATION CONTACT: Merrill D. Feldstein at (202) 622-4950 
(not a toll-free number).

SUPPLEMENTARY INFORMATION: 

Background

    The notice of proposed rulemaking that is the subject of these 
corrections is under sections 162, 167, 168, and 263 of the Internal 
Revenue Code.

Need for Correction

    As published on December 27, 2011 (76 FR 81128), the notice of 
proposed rulemaking (REG-168745-03), contains errors which may prove to 
be misleading and are in need of clarification.

Correction of Publication

    Accordingly, the publication of the notice of proposed rulemaking 
(REG-168745-03), which were the subject of FR. Doc. 2011-32024, is 
corrected as follows:
    1. On page 81128, column one, in the preamble under the caption 
DATES, lines one, two and three, the language ``Written and/or 
electronic comments and requests for a public hearing must be received 
by March 26,'' is corrected to read ``Written and/or electronic 
comments must be received by March 26,''.
    2. On page 81128, column one, line 6 under the caption DATES, the 
language ``hearing scheduled for April 4, 2012 at'' is corrected to 
read ``hearing scheduled for May 9, 2012 at''.
    3. On page 81128, column three, line two of the second paragraph 
under the caption ``Comments and Public Hearing'' the language ``for 
April 4, 2012, beginning at 10 a.m.'' is corrected to read ``for May 9, 
2012, beginning at 10 a.m.''.
    4. On page 81128, column three, line three in the preamble under 
the caption ``Drafting Information'', the language ``Katherine Reed, 
Office of the Associate'' is corrected to read ``Kathleen Reed, Office 
of the Associate''.
    5. On page 81130, column one, Par. 11., item one is redesignated as 
item 3 and the language ``Revising paragraphs (a) through (l)(1); and'' 
is corrected to read as ``Revising paragraphs (a) through (h) and 
revising paragraphs (j) through (l)(1).''
    6. On page 81130, column one, under Par. 11. instructions, newly 
redesignated item one reads as ``Removing paragraphs (l), (l)(1), 
(l)(2) and (l)(3) and redesignating paragraphs (k), (k)(1), (k)(2), and 
(k)(3) as paragraphs (l), (l)(1), (l)(2) and (l)(3) respectively.''
    7. On page 81130, column one, under Par. 11. instructions, newly 
redesignated paragraph item 2 is corrected to read as ``Redesignating 
paragraph (j) as paragraph (k) and redesignating paragraph (i) as 
paragraph (j), and adding a new paragraph (i).''
    8. On page 81130, column one, under Par. 11. instructions, newly 
redesignated item 4 reads as ``Adding paragraph (m).''

Guy R. Traynor,
Federal Register Liaison, Publications and Regulations, Legal 
Processing Division, Associate Chief Counsel, Procedure and 
Administration.
[FR Doc. 2012-7266 Filed 3-26-12; 8:45 am]
BILLING CODE 4830-01-P

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