Basis of Indebtedness of S Corporations to Their Shareholders; Hearing Cancellation, 60959 [2012-24670]
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Federal Register / Vol. 77, No. 194 / Friday, October 5, 2012 / Proposed Rules
determined that this proposed rule
would not have sufficient Federalism
implications as defined in the order to
warrant formal consultation with State
and local officials or the preparation of
a federalism summary impact statement.
However, NHTSA continues to engage
with state representatives regarding
general implementation of MAP–21,
including this grant program, and
expects to continue these informal
dialogues in connection with the
forthcoming consolidated grant
regulations mandated by MAP–21.
D. Executive Order 12988 (Civil Justice
Reform)
Pursuant to Executive Order 12988
(61 FR 4729 (February 7, 1996)), ‘‘Civil
Justice Reform,’’ the agency has
considered whether this proposed rule
would have any retroactive effect. I
conclude that it would not have any
retroactive or preemptive effect, and
judicial review of it may be obtained
pursuant to 5 U.S.C. 702. That section
does not require that a petition for
reconsideration be filed prior to seeking
judicial review. This action meets
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.
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E. Paperwork Reduction Act
Under the Paperwork Reduction Act
of 1995, as implemented by the Office
of Management and Budget (OMB) in 5
CFR part 1320, a person is not required
to respond to a collection of information
by a Federal agency unless the
collection displays a valid OMB control
number. This action does not contain a
collection of information requirement
for purposes of the Paperwork
Reduction Act. Although MAP–21
requires the submission of applications
for the State GDL Incentive Grant, the
application procedures will be
addressed in a subsequent and separate
rulemaking action. This NPRM only
solicits public comment on minimum
grant qualification criteria.
F. Unfunded Mandates Reform Act
The Unfunded Mandates Reform Act
of 1995 (Pub. L. 104–4) requires
agencies to prepare a written assessment
of the costs, benefits, and other effects
of proposed or final rules that include
a Federal mandate likely to result in
expenditures by State, local or tribal
governments, in the aggregate, or by the
private sector, of more than $100
million annually (adjusted annually for
inflation with base year of 1995). This
proposal would not meet the definition
of a Federal mandate because the
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resulting annual State expenditures
would not exceed the minimum
threshold. The program is voluntary and
States that choose to apply and qualify
would receive grant funds.
G. National Environmental Policy Act
NHTSA has considered the impacts of
this rulemaking action for the purposes
of the National Environmental Policy
Act. The agency has determined that
this proposal would not have a
significant impact on the quality of the
human environment.
H. Executive Order 13175 (Consultation
and Coordination With Indian Tribes)
The agency has analyzed this
proposal under Executive Order 13175,
and has determined that the proposed
action would not have a substantial
direct effect on one or more Indian
tribes, would not impose substantial
direct compliance costs on Indian tribal
governments, and would not preempt
tribal law. Therefore, a tribal summary
impact statement is not required.
I. Regulatory Identifier Number (RIN)
The Department of Transportation
assigns a regulation identifier number
(RIN) to each regulatory action listed in
the Unified Agenda of Federal
Regulations. The Regulatory Information
Service Center publishes the Unified
Agenda in or about April and October
of each year. You may use the RIN
contained in the heading at the
beginning of this document to find this
action in the Unified Agenda.
60959
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[REG–134042–07]
RIN 1545–BG81
Basis of Indebtedness of S
Corporations to Their Shareholders;
Hearing Cancellation
Internal Revenue Service (IRS),
Treasury.
AGENCY:
Cancellation of notice of public
hearing on proposed rulemaking.
ACTION:
This document cancels a
public hearing on proposed regulations
under section 1366 of the Internal
Revenue Code; relating to basis of
indebtedness of S corporations to their
shareholders.
SUMMARY:
The public hearing originally
scheduled for October 9, 2012 at 10 a.m.
is cancelled.
DATES:
FOR FURTHER INFORMATION CONTACT:
Oluwafunmilayo 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).
Authority: Pub. L. 112–141, Section
31105; 23 U.S.C. 405(g) (as set forth in MAP–
21); delegation of authority at 49 CFR §§ 1.94
and 1.95.
A
correction to a notice of proposed
rulemaking and a notice of public
hearing that appeared in the Federal
Register on July 5, 2012 (77 FR 39655)
announced that a public hearing was
scheduled for October 9, 2012, at 10
a.m. in the IRS Auditorium, Internal
Revenue Building, 1111 Constitution
Avenue NW., Washington, DC. The
subject of the public hearing is under
section 1366 of the Internal Revenue
Code.
The public comment period for these
regulations expired on September 10,
2012. The notice of proposed
rulemaking and notice of public hearing
instructed those interested in testifying
at the public hearing to submit a request
to speak and an outline of the topics to
be addressed. As of Monday, October 1,
2012, no one has requested to speak.
Therefore, the public hearing scheduled
for October 9, 2012, is cancelled.
Issued On: October 1, 2012.
Ronald Medford,
Deputy Administrator, National Highway
Traffic Safety Administration.
LaNita VanDyke,
Chief, Publications and Regulations Branch,
Legal Processing Division, Associate Chief
Counsel, Procedure and Administration.
[FR Doc. 2012–24640 Filed 10–4–12; 8:45 am]
[FR Doc. 2012–24670 Filed 10–4–12; 8:45 am]
BILLING CODE 4910–59–P
BILLING CODE 4830–01–P
J. Privacy Act
Please note that anyone is able to
search the electronic form of all
comments received into any of our
dockets by the name of the individual
submitting the comment (or signing the
comment, if submitted on behalf of an
association, business, labor union, etc.).
You may review DOT’s complete
Privacy Act Statement in the Federal
Register published on April 11, 2000
(65 FR 19477) or you may visit https://
dms.dot.gov.
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SUPPLEMENTARY INFORMATION:
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[Federal Register Volume 77, Number 194 (Friday, October 5, 2012)]
[Proposed Rules]
[Page 60959]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-24670]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[REG-134042-07]
RIN 1545-BG81
Basis of Indebtedness of S Corporations to Their Shareholders;
Hearing Cancellation
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Cancellation of notice of public hearing on proposed
rulemaking.
-----------------------------------------------------------------------
SUMMARY: This document cancels a public hearing on proposed regulations
under section 1366 of the Internal Revenue Code; relating to basis of
indebtedness of S corporations to their shareholders.
DATES: The public hearing originally scheduled for October 9, 2012 at
10 a.m. is cancelled.
FOR FURTHER INFORMATION CONTACT: Oluwafunmilayo 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 correction to a notice of proposed
rulemaking and a notice of public hearing that appeared in the Federal
Register on July 5, 2012 (77 FR 39655) announced that a public hearing
was scheduled for October 9, 2012, at 10 a.m. in the IRS Auditorium,
Internal Revenue Building, 1111 Constitution Avenue NW., Washington,
DC. The subject of the public hearing is under section 1366 of the
Internal Revenue Code.
The public comment period for these regulations expired on
September 10, 2012. The notice of proposed rulemaking and notice of
public hearing instructed those interested in testifying at the public
hearing to submit a request to speak and an outline of the topics to be
addressed. As of Monday, October 1, 2012, no one has requested to
speak. Therefore, the public hearing scheduled for October 9, 2012, is
cancelled.
LaNita VanDyke,
Chief, Publications and Regulations Branch, Legal Processing Division,
Associate Chief Counsel, Procedure and Administration.
[FR Doc. 2012-24670 Filed 10-4-12; 8:45 am]
BILLING CODE 4830-01-P
