Security Zone; Passenger Vessel SAFARI EXPLORER Arrival/Departure, Kaunakakai Harbor, Molokai, HI, 24381-24382 [2012-9718]

Download as PDF Federal Register / Vol. 77, No. 79 / Tuesday, April 24, 2012 / Rules and Regulations No public hearing on the 2009 section 1248 regulations was requested or held and no written comments were received. This Treasury decision adopts the 2009 section 1248 regulations, with one modification to remove a deadwood provision, as final regulations under section 1248(a). This Treasury decision also removes the temporary regulations under section 1248(a). mstockstill on DSK4VPTVN1PROD with RULES Explanation of Provisions The final regulations provide that gain recognized under section 301(c)(3) on the receipt of a distribution of property from a foreign corporation with respect to its stock shall be treated for purposes of section 1248(a) as gain from the sale or exchange of the stock of such corporation. For purposes of section 1248(a), a sale or exchange also includes a distribution that gives rise to gain with respect to stock under section 302(a) or 331(a). The final regulations ensure that the earnings and profits of lower-tier foreign subsidiaries described in section 1248(c)(2) are taken into account when gain is recognized with respect to stock of a controlled foreign corporation. The 2009 section 1248 regulations incorporated a provision from the prior final regulations under section 1248 providing that section 1248(a) applies to gain recognized with respect to stock under section 331(a)(2) by reason of a partial liquidation of a corporation. The final regulations remove the reference to partial liquidations under section 331(a)(2) in order to reflect amendments made in 1982 by the Tax Equity and Fiscal Responsibility Act of 1982 (Public Law 97–248, 96 Stat. 324 (1982)), which repealed section 331(a)(2) and provided new rules regarding redemptions in partial liquidation under section 302. See section 302(b)(4) and (e). Special Analyses It has been determined that this Treasury decision is not a significant regulatory action as defined in Executive Order 12866. Therefore, a regulatory assessment is not required. It also has been determined that 5 U.S.C. 553(b) and (d) do not apply to these regulations. Pursuant to the Regulatory Flexibility Act (5 U.S.C. 601 et seq.), it is hereby certified that this rule will not have a significant economic impact on a substantial number of small entities. These regulations primarily will affect large domestic corporations. Thus, the number of affected small entities will not be substantial. Pursuant to section 7805(f) of the Internal Revenue Code, the notice of proposed rulemaking preceding this regulation was submitted to the Chief Counsel for Advocacy of the VerDate Mar<15>2010 16:38 Apr 23, 2012 Jkt 226001 Small Business Administration for comments on its impact on small business. Drafting Information The principal author of these regulations is Ryan A. Bowen of the Office of Associate Chief Counsel (International). However, other personnel from the IRS and the Treasury Department participated in their development. § 1.1248–1T ■ 24381 [Removed] Par. 3. Section 1.1248–1T is removed. Steven T. Miller, Deputy Commissioner for Services and Enforcement. Approved: April 13, 2012. Emily S. McMahon, Acting Assistant Secretary of the Treasury (Tax Policy). [FR Doc. 2012–9760 Filed 4–23–12; 8:45 am] BILLING CODE 4830–01–P List of Subjects in 26 CFR Part 1 Income taxes, Reporting and recordkeeping requirements. DEPARTMENT OF HOMELAND SECURITY Adoption of Amendments to the Regulations Coast Guard Accordingly, 26 CFR part 1 is amended as follows: [Docket No. USCG–2011–1159] PART 1—INCOME TAXES Security Zone; Passenger Vessel SAFARI EXPLORER Arrival/Departure, Kaunakakai Harbor, Molokai, HI Paragraph 1. The authority citation for part 1 continues to read as follows: ■ Authority: 26 U.S.C. 7805 * * * Par. 2. Section 1.1248–1 is amended by: ■ 1. Revising paragraphs (b) and (g)(2). ■ 2. Removing paragraph (h). ■ The revisions read as follows. § 1.1248–1 Treatment of gain from certain sales or exchanges of stock in certain foreign corporations. * * * * * (b) Sale or exchange. For purposes of section 1248(a), the term sale or exchange includes the receipt of a distribution which is treated as in exchange for stock under section 302(a) (relating to distributions in redemption of stock) or section 331(a) (relating to distributions in complete liquidation of a corporation). For purposes of section 1248(a), gain recognized by a shareholder under section 301(c)(3) in connection with a distribution of property by a corporation with respect to its stock shall be treated as gain from the sale or exchange of stock of such corporation. * * * * * (g) * * * (2) Paragraph (b) of this section applies to distributions that occur on or after February 10, 2009. PO 00000 Frm 00041 Fmt 4700 Sfmt 4700 33 CFR Part 165 RIN 1625–AA87 Coast Guard, DHS. Temporary interim rule; reopening of comment period. AGENCY: ACTION: The Coast Guard is reopening the comment period for the temporary interim rule that established a temporary security zone for Kaunakakai Harbor, including the entrance channel and offshore area adjacent to the channel’s entrance during the arrival and departure of the Passenger Vessel Safari Explorer in Kaunakakai Harbor, Molokai, Hawaii. The effective period for this temporary security zone began on January 19, 2012 and ends on May 15, 2012. The Coast Guard held informal public meetings regarding the interim rule. Following the public meetings, the Coast Guard prepared a written synopsis of the public comments received at the public meetings. This synopsis may be viewed at https://www.regulations.gov under docket number USCG–2011– 1159. During this additional comment period, the Coast Guard invites comments on how the temporary interim rule can be improved. DATES: The Coast Guard will consider all comments that we receive on or before May 7, 2012. ADDRESSES: You may submit written comments identified by docket number USCG–2011–1159 using any one of the following methods: (1) Federal eRulemaking Portal: https://www.regulations.gov. (2) Fax: 202–493–2251. (3) Mail: Docket Management Facility (M–30), U.S. Department of Transportation, West Building Ground SUMMARY: E:\FR\FM\24APR1.SGM 24APR1 24382 Federal Register / Vol. 77, No. 79 / Tuesday, April 24, 2012 / Rules and Regulations Floor, Room W12–140, 1200 New Jersey Avenue SE., Washington, DC 20590– 0001. (4) Hand delivery: Same as mail address above, between 9 a.m. and 5 p.m., Monday through Friday, except Federal holidays. The telephone number is 202–366–9329. To avoid duplication, please use only one of these four methods. Our online docket for this rulemaking is available on the Internet at https://www. regulations.gov under docket number USCG–2011–1159. FOR FURTHER INFORMATION CONTACT: If you have questions concerning the meeting or the proposed rule, please call or email Lieutenant Commander Scott Whaley, U.S. Coast Guard; telephone 808–522–8264, email Scott.O.Whaley@ uscg.mil. If you have questions on viewing or submitting material to the docket, call Renee V. Wright, Program Manager, Docket Operations, telephone 202–366–9826. On January 13, 2012, we published in the Federal Register (77 FR 2019), a temporary interim rule that established a temporary security zone for Kaunakakai Harbor, including the entrance channel and offshore area adjacent to the channel’s entrance during the arrival and departure of the Passenger Vessel Safari Explorer in Kaunakakai Harbor, Molokai, Hawaii. Comments on the interim rule were required to be received on or before February 3, 2012. We are reopening the comment period on Docket No. 2011– 1159. This action will allow interested persons additional time to review and submit comments on the synopsis of comments that the Coast Guard prepared based on the comments received during public meetings. We will consider comments received on or before May 7, 2012. SUPPLEMENTARY INFORMATION: Dated: April 6, 2012. J.M. Nunan, Captain, U.S. Coast Guard, Captain of the Port Honolulu. [FR Doc. 2012–9718 Filed 4–23–12; 8:45 am] mstockstill on DSK4VPTVN1PROD with RULES BILLING CODE 9110–04–P VerDate Mar<15>2010 16:38 Apr 23, 2012 Jkt 226001 ENVIRONMENTAL PROTECTION AGENCY 40 CFR Part 52 [EPA–R04–OAR–2009–0140(b); FRL–9662– 3] Approval and Promulgation of Air Quality Implementation Plans; North Carolina; Annual Emissions Reporting Environmental Protection Agency (EPA). ACTION: Direct final rule. AGENCY: EPA is taking direct final action to approve a portion of a state implementation plan (SIP) revision submitted on January 31, 2008, by the State of North Carolina, through the North Carolina Division of Air Quality (NCDAQ), to meet the emissions statements requirement for Charlotte, North Carolina. EPA is approving the addition of Cabarrus, Lincoln, Rowan, and Union Counties in their entireties and Davidson Township and Coddle Creek Township in Iredell County to the annual emissions reporting requirement into the North Carolina SIP. This action is being taken pursuant to section 110 and section 182 of the Clean Air Act (CAA or Act). DATES: This direct final rule is effective June 25, 2012 without further notice, unless EPA receives adverse comment by May 24, 2012. If EPA receives such comments, it will publish a timely withdrawal of the direct final rule in the Federal Register and inform the public that the rule will not take effect. ADDRESSES: Submit your comments, identified by Docket ID Number, ‘‘EPA– R04–OAR–2009–0140,’’ by one of the following methods: 1. www.regulations.gov: Follow the on-line instructions for submitting comments. 2. Email: benjamin.lynorae@epa.gov. 3. Fax: 404–562–9019. 4. Mail: ‘‘EPA–R04–OAR–2009– 0140,’’ Regulatory Development Section, Air Planning Branch, Air, Pesticides and Toxics Management Division, U.S. Environmental Protection Agency, Region 4, 61 Forsyth Street SW., Atlanta, Georgia 30303–8960. 5. Hand Delivery or Courier: Ms. Lynorae Benjamin, Chief, Regulatory Development Section, Air Planning Branch, Air, Pesticides and Toxics Management Division, U.S. Environmental Protection Agency, Region 4, 61 Forsyth Street SW., Atlanta, Georgia 30303–8960. Such deliveries are only accepted during the Regional Office’s normal hours of operation. The Regional Office’s official hours of business are Monday through SUMMARY: PO 00000 Frm 00042 Fmt 4700 Sfmt 4700 Friday, 8:30 a.m. to 4:30 p.m., excluding federal holidays. Instructions: Direct your comments to Docket ID Number, ‘‘EPA–R04–OAR– 2009–0140.’’ EPA’s policy is that all comments received will be included in the public docket without change and may be made available online at www.regulations.gov, including any personal information provided, unless the comment includes information claimed to be Confidential Business Information (CBI) or other information whose disclosure is restricted by statute. Do not submit through www.regulations.gov or email, information that you consider to be CBI or otherwise protected. The www.regulations.gov Web site is an ‘‘anonymous access’’ system, which means EPA will not know your identity or contact information unless you provide it in the body of your comment. If you send an email comment directly to EPA without going through www.regulations.gov, your email address will be automatically captured and included as part of the comment that is placed in the public docket and made available on the Internet. If you submit an electronic comment, EPA recommends that you include your name and other contact information in the body of your comment and with any disk or CD–ROM you submit. If EPA cannot read your comment due to technical difficulties and cannot contact you for clarification, EPA may not be able to consider your comment. Electronic files should avoid the use of special characters, any form of encryption, and be free of any defects or viruses. For additional information about EPA’s public docket visit the EPA Docket Center homepage at https:// www.epa.gov/epahome/dockets.htm. Docket: All documents in the electronic docket are listed in the www.regulations.gov index. Although listed in the index, some information is not publicly available, i.e., CBI or other information whose disclosure is restricted by statute. Certain other material, such as copyrighted material, is not placed on the Internet and will be publicly available only in hard copy form. Publicly available docket materials are available either electronically in www.regulations.gov or in hard copy at the Regulatory Development Section, Air Planning Branch, Air, Pesticides and Toxics Management Division, U.S. Environmental Protection Agency, Region 4, 61 Forsyth Street SW., Atlanta, Georgia 30303–8960. EPA requests that if at all possible, you contact the person listed in the FOR FURTHER INFORMATION CONTACT section to E:\FR\FM\24APR1.SGM 24APR1

Agencies

[Federal Register Volume 77, Number 79 (Tuesday, April 24, 2012)]
[Rules and Regulations]
[Pages 24381-24382]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-9718]


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DEPARTMENT OF HOMELAND SECURITY

Coast Guard

33 CFR Part 165

[Docket No. USCG-2011-1159]
RIN 1625-AA87


Security Zone; Passenger Vessel SAFARI EXPLORER Arrival/
Departure, Kaunakakai Harbor, Molokai, HI

AGENCY: Coast Guard, DHS.

ACTION: Temporary interim rule; reopening of comment period.

-----------------------------------------------------------------------

SUMMARY: The Coast Guard is reopening the comment period for the 
temporary interim rule that established a temporary security zone for 
Kaunakakai Harbor, including the entrance channel and offshore area 
adjacent to the channel's entrance during the arrival and departure of 
the Passenger Vessel Safari Explorer in Kaunakakai Harbor, Molokai, 
Hawaii. The effective period for this temporary security zone began on 
January 19, 2012 and ends on May 15, 2012. The Coast Guard held 
informal public meetings regarding the interim rule. Following the 
public meetings, the Coast Guard prepared a written synopsis of the 
public comments received at the public meetings. This synopsis may be 
viewed at https://www.regulations.gov under docket number USCG-2011-
1159. During this additional comment period, the Coast Guard invites 
comments on how the temporary interim rule can be improved.

DATES: The Coast Guard will consider all comments that we receive on or 
before May 7, 2012.

ADDRESSES: You may submit written comments identified by docket number 
USCG-2011-1159 using any one of the following methods:
    (1) Federal eRulemaking Portal: https://www.regulations.gov.
    (2) Fax: 202-493-2251.
    (3) Mail: Docket Management Facility (M-30), U.S. Department of 
Transportation, West Building Ground

[[Page 24382]]

Floor, Room W12-140, 1200 New Jersey Avenue SE., Washington, DC 20590-
0001.
    (4) Hand delivery: Same as mail address above, between 9 a.m. and 5 
p.m., Monday through Friday, except Federal holidays. The telephone 
number is 202-366-9329.
    To avoid duplication, please use only one of these four methods. 
Our online docket for this rulemaking is available on the Internet at 
https://www.regulations.gov under docket number USCG-2011-1159.

FOR FURTHER INFORMATION CONTACT: If you have questions concerning the 
meeting or the proposed rule, please call or email Lieutenant Commander 
Scott Whaley, U.S. Coast Guard; telephone 808-522-8264, email 
Scott.O.Whaley@uscg.mil. If you have questions on viewing or submitting 
material to the docket, call Renee V. Wright, Program Manager, Docket 
Operations, telephone 202-366-9826.

SUPPLEMENTARY INFORMATION: On January 13, 2012, we published in the 
Federal Register (77 FR 2019), a temporary interim rule that 
established a temporary security zone for Kaunakakai Harbor, including 
the entrance channel and offshore area adjacent to the channel's 
entrance during the arrival and departure of the Passenger Vessel 
Safari Explorer in Kaunakakai Harbor, Molokai, Hawaii. Comments on the 
interim rule were required to be received on or before February 3, 
2012. We are reopening the comment period on Docket No. 2011-1159. This 
action will allow interested persons additional time to review and 
submit comments on the synopsis of comments that the Coast Guard 
prepared based on the comments received during public meetings. We will 
consider comments received on or before May 7, 2012.

    Dated: April 6, 2012.
J.M. Nunan,
Captain, U.S. Coast Guard, Captain of the Port Honolulu.
[FR Doc. 2012-9718 Filed 4-23-12; 8:45 am]
BILLING CODE 9110-04-P

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