Guidance Regarding Deduction and Capitalization of Expenditures Related to Tangible Property; Correction, 18145-18146 [2012-7267]
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Federal Register / Vol. 77, No. 59 / Tuesday, March 27, 2012 / Proposed Rules
has been designated a ‘‘significant
regulatory action’’ although not
economically significant, under section
3(f) of Executive Order 12866.
Accordingly, the Office of Management
and Budget has reviewed this rule.
mstockstill on DSK4VPTVN1PROD with PROPOSALS
Regulatory Flexibility Act
This section examines the impact of
the rule on small entities as required by
the Regulatory Flexibility Act (5 U.S.C.
603), as amended by the Small Business
Regulatory Enforcement and Fairness
Act of 1996 (SBREFA), which requires
an agency to prepare and make available
to the public a regulatory flexibility
analysis that describes the effect of a
proposed rule on small entities (i.e.,
small business, small organizations, and
small governmental jurisdictions) when
the agency is required to publish a
general notice of proposed rulemaking
for any proposed rule.
This rule directly regulates
individuals and families, and these are
not considered small entities. Therefore,
CBP certifies that this rule will not have
a significant economic impact on a
substantial number of small entities.
CBP welcomes any comments on this
conclusion.
Paperwork Reduction Act
In accordance with the Paperwork
Reduction Act of 1995 (44 U.S.C. 3507),
an agency may not conduct, and a
person is not required to respond to, a
collection of information unless the
collection of information displays a
valid control number assigned by Office
of Management and Budget (OMB). The
information collected under 19 CFR part
148 is included under OMB control
number 1651–0009. There are no new
collections of information proposed in
this document. The estimated burden
hours related to the completion of the
CBP Form 6059–B (Customs
Declaration) for OMB control number
1651–0009 by members of the public
traveling by air and sea have been
updated below to reflect the slight
decrease in the number of Customs
Declarations that are submitted if the
definition of a ‘‘member of a family
residing in one household’’ in this
proposal is adopted, as follows
Estimated Number of Respondents
(Travelers): 1,100,000.
Estimated Time per Response: 4
minutes.
Estimated Total Responses:
¥1,100,000.
Estimated Total Annual Burden
Hours: ¥2,600.
The Customs Declaration (CBP Form
6059B) is due to expire in February
2014. CBP Form 6059B can be seen on
the following Web site: https://
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15:56 Mar 26, 2012
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www.cbp.gov/xp/cgov/travel/vacation/
sample_declaration_form.xml. CBP
seeks public comment as to as to
whether and how the Customs
Declaration form could more clearly
inform U.S. residents of the definition of
family for the purposes of filling out a
customs declaration.
Signing Authority
This regulation is being issued in
accordance with 19 CFR 0.1(a)(1)
pertaining to the authority of the
Secretary of the Treasury (or that of his
or her delegate) to approve regulations
pertaining to certain customs revenue
functions.
List of Subjects in 19 CFR Part 148
Customs duties and inspection,
Declarations, Reporting and
recordkeeping requirements, Taxes.
Amendments to the CBP Regulations
For the reasons set forth above, part
148 of the CBP regulations (19 CFR part
148) is proposed to be amended as set
forth below.
PART 148—PERSONAL
DECLARATIONS AND EXEMPTIONS
1. The general authority for part 148
continues to read as follows:
Authority: 19 U.S.C. 66, 1496, 1498, 1624.
The provisions of this part, except for subpart
C, are also issued under 19 U.S.C. 1202
(General Note 3(i), Harmonized Tariff
Schedule of the United States);
*
*
§ 148.14
*
*
*
[Amended]
18145
residing in one household’’ includes all
persons who:
(1) Are related by blood, marriage,
domestic relationship, or adoption;
(2) Lived together in one household at
their last permanent residence; and
(3) Intend to live in one household
after their arrival in the United States.
(c) Domestic relationship. As used in
paragraph (b)(1), the term ‘‘domestic
relationship’’ includes foster children,
stepchildren, half-siblings, legal wards,
other dependents, individuals with an
in loco parentis or guardianship
relationship, and two adults who are in
a committed relationship including, but
not limited to, long-time companions,
and couples in civil unions, or domestic
partnerships, wherein the partners share
financial assets and obligations, and are
not married to, or a partner of, anyone
else. The term ‘‘domestic relationship’’
does not extend to roommates or other
cohabitants not otherwise meeting this
definition.
4. Section 148.103(b) is revised to
read as follows:
§ 148.103
Family grouping of allowances.
*
*
*
*
*
(b) Members of a family residing in
one household. ‘‘Members of a family
residing in one household’’ includes all
persons who:
(1) Are related by blood, marriage,
domestic relationship (as defined in
§ 148.34(c)), or adoption;
(2) Lived together in one household at
their last permanent residence; and
(3) Intend to live in one household
after their arrival in the United States.
2. Section 148.14 is amended by
removing the last sentence and adding
in its place the sentence ‘‘Individuals
who are employed by the household but
not related by blood, marriage, domestic
relationship, or adoption will not be
included in the family declaration.’’
3. In § 148.34:
a. Paragraph (a) is amended by
removing the last sentence and adding
in its place the sentence ‘‘No
exemptions allowable to individuals
employed by the household and
accompanying the family but not related
by blood, marriage, domestic
relationship, or adoption will be
included in the family grouping.’’; and
b. By revising paragraph (b) and
adding a new paragraph (c).
The additions and revisions to
§ 148.34 are to read as follows:
Allen Gina,
Acting Commissioner, U.S. Customs and
Border Protection.
Approved: March 20, 2012.
Timothy E. Skud,
Deputy Assistant Secretary of the Treasury.
§ 148.34 Family grouping of exemptions
for articles acquired abroad.
ACTION:
*
*
*
*
*
(b) Members of a family residing in
one household. ‘‘Members of a family
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[FR Doc. 2012–7122 Filed 3–26–12; 8:45 am]
BILLING CODE 9111–14–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[REG–168745–03]
Guidance Regarding Deduction and
Capitalization of Expenditures Related
to Tangible Property; Correction
Internal Revenue Service (IRS).
Notice of proposed rulemaking;
correcting amendment.
AGENCY:
This document contains
corrections to a notice of proposed
SUMMARY:
E:\FR\FM\27MRP1.SGM
27MRP1
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:
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[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
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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
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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]
[Pages 18145-18146]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-7267]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[REG-168745-03]
Guidance Regarding Deduction and Capitalization of Expenditures
Related to Tangible Property; Correction
AGENCY: Internal Revenue Service (IRS).
ACTION: Notice of proposed rulemaking; correcting amendment.
-----------------------------------------------------------------------
SUMMARY: This document contains corrections to a notice of proposed
[[Page 18146]]
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 and is applicable on or after
December 27, 2011.
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.
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:
List of Subjects in 26 CFR part 1
Income taxes, Reporting and recordkeeping requirements.
Accordingly, 26 CFR part 1 is corrected my 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 1.162-3 is corrected to read as follows:
Sec. 1.162-3 [Corrected]
Sec. 1.162-3 Materials and supplies.
[The text of the proposed amendments to Sec. 1.163-3 (a) through
(j) is the same as the text of Sec. 1.163-3T(a) through (j) published
elsewhere in this issue of the Federal Register.]
Guy R. Traynor,
Federal Register Liaison, Publications and Regulations, Legal
Processing Division, Associate Chief Counsel, Procedure and
Administration.
[FR Doc. 2012-7267 Filed 3-26-12; 8:45 am]
BILLING CODE 4830-01-P
