Modernization of the Schools and Libraries “E-Rate” Program, 167 [2014-30775]
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Federal Register / Vol. 80, No. 2 / Monday, January 5, 2015 / Rules and Regulations
ACTION:
§ 1.367(e)–2 Distributions described in
section 367(e)(2).
Correcting amendment.
This document contains
corrections to final regulations (TD
9704) that were published in the
Federal Register on Wednesday,
November 19, 2014 (79 FR 68763)
relating to the consequences to U.S. and
foreign persons for failing to file gain
recognition agreements (GRAs) or
related documents, or to satisfy other
reporting obligations, associated with
certain transfers of property to foreign
corporations in nonrecognition
exchanges.
SUMMARY:
This correction is effective on
January 5, 2015, and is applicable
beginning November 19, 2014.
FOR FURTHER INFORMATION CONTACT:
Shane M. McCarrick at (202) 317–6937
(not a toll-free number).
SUPPLEMENTARY INFORMATION:
DATES:
Background
The final regulations that are the
subject of this document are under
sections 367 and 6038B of the Internal
Revenue Code.
Need for Correction
As published, final regulations (TD
9704) contain errors that may prove to
be misleading and are in need of
clarification.
List of Subjects in 26 CFR Part 1
Income taxes, Reporting and
recordkeeping requirements.
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*
(e) * * *
(4) * * *
(i) General rule. For purposes of this
section and except as provided in
paragraph (b)(2)(i)(D) or (f) of this
section, a failure to comply includes—
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■ Par. 4. Section 1.6038B–1 is amended
by revising paragraph (g)(6) to read as
follows:
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SUPPLEMENTARY INFORMATION:
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(g) * * *
(6) The second sentence of paragraph
(b)(1)(i) and paragraphs (b)(2)(i)(B)(1),
(b)(2)(iii), (b)(2)(iv), (c), (e)(4), (f)(2)(iii),
and (f)(2)(iv) of this section will apply
to transfers for which documents are
required to be filed on or after
November 19, 2014, as well as to
transfers that are the subject of requests
for relief submitted on or after
November 19, 2014. The second
sentence of paragraph (b)(1)(i) and
paragraphs (b)(2)(i)(B)(1), (b)(2)(iii),
(b)(2)(iv), (c), and (f)(2)(iii) of this
section will also apply to any transfer
that is the subject of a request for relief
submitted pursuant to § 1.367(a)–8(r)(3).
Martin V. Franks,
Chief, Publications and Regulations Branch,
Legal Processing Division, Associate Chief
Counsel, (Procedure and Administration).
BILLING CODE 4830–01–P
Accordingly, 26 CFR part 1 is
corrected by making the following
correcting amendments:
FEDERAL COMMUNICATIONS
COMMISSION
PART 1—INCOME TAXES
47 CFR Part 54
Paragraph 1. The authority citation
for part 1 continues to read in part as
follows:
[WC Docket No. 13–184; FCC 14–99]
Modernization of the Schools and
Libraries ‘‘E-Rate’’ Program
Par. 2. Section 1.367(a)–8 is amended
by revising the paragraph headings for
paragraphs (r)(1) and (r)(1)(i) to read as
follows:
■
§ 1.367(a)–8 Gain recognition agreement
requirements.
mstockstill on DSK4VPTVN1PROD with RULES
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(r) * * * (1) General rule—(i)
Transfers occurring on or after March
13, 2009; relief for certain failures that
are not willful. * * *
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■ Par. 3. Section 1.367(e)–2 is amended
by revising paragraph (e)(4)(i)
introductory text to read as follows:
VerDate Sep<11>2014
15:47 Jan 02, 2015
Jkt 235001
The amendment to § 54.502(b)(2)
that appeared in the Federal Register at
79 FR 49160 on August 19, 2014, and
revised the information collection OMB
3060–0806 as approved by OMB, is
effective January 5, 2015.
DATES:
Lisa
Hone, Wireline Competition Bureau at
(202) 418–7400 or TTY (202) 418–0484.
Correction of Publication
Authority: 26 U.S.C. 7805 * * *
October 27, 2014, under emergency
processing for certain of the information
collection requirements contained in the
Report and Order as required by the
Paperwork Reduction Act (PRA) of 1995
(44 U.S.C. 3501–3520).
§ 1.6038B–1 Reporting of certain transfers
to foreign corporations.
[FR Doc. 2014–30811 Filed 1–2–15; 8:45 am]
■
167
Federal Communications
Commission.
ACTION: Final rule; announcement of
effective date.
AGENCY:
On July 23, 2014, the Federal
Communications Commission
(Commission) released a document in
(WC Docket No. 13–184, FCC 14–99; 79
FR 49160, August 19, 2014) which
contained information collection
requirements for the schools and
libraries universal service mechanism
(E-rate) which required approval from
the Office of Management and Budget
(OMB). The Office of Management and
Budget (OMB) granted approval on
SUMMARY:
PO 00000
Frm 00025
Fmt 4700
Sfmt 9990
FOR FURTHER INFORMATION CONTACT:
The
Federal Communications Commission
has received OMB approval for the
changes to E-rate rules contained in
information collection OMB Control No:
3060–0806; Description of Services
Requested and Certification; Description
of Services Requested and Certification
Instructions; Services Ordered and
Certification; Services Ordered and
Certification Instructions (FCC Form
470 and Instructions; FCC Form 471 and
Instructions). The information
collection was revised in the Report and
Order and Further Notice of Proposed
Rulemaking in WC Docket 13–184
which appears at 79 FR 49160, August
19, 2014. The rules adopted in the
Report and Order that contain new or
modified information collection
requirements were not to become
effective until approved by the Office of
Management and Budget. Through this
document, the Commission announces
that it has received this approval (OMB
Control No: 3060–0806, Expiration Date
April 30, 2015) and that § 54.502(b)(2) is
effective January 5, 2015.
Pursuant to the Paperwork Reduction
Act of 1995, 44 U.S.C. 3501–3520, an
agency may not conduct or sponsor a
collection of information unless it
displays a currently valid control
number. Notwithstanding any other
provisions of law, no person shall be
subject to any penalty for failing to
comply with the collection of
information subject to the Paperwork
Reduction Act that does not display a
valid control number. Questions
concerning the OMB control numbers
and expiration dates should be directed
to Leslie F. Smith, Federal
Communications Commission,
(202)418–0217 or via the Internet at
Leslie.Smith@fcc.gov.
Federal Communications Commission.
Marlene H. Dortch,
Secretary.
[FR Doc. 2014–30775 Filed 1–2–15; 8:45 am]
BILLING CODE 6712–01–P
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[Federal Register Volume 80, Number 2 (Monday, January 5, 2015)]
[Rules and Regulations]
[Page 167]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-30775]
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FEDERAL COMMUNICATIONS COMMISSION
47 CFR Part 54
[WC Docket No. 13-184; FCC 14-99]
Modernization of the Schools and Libraries ``E-Rate'' Program
AGENCY: Federal Communications Commission.
ACTION: Final rule; announcement of effective date.
-----------------------------------------------------------------------
SUMMARY: On July 23, 2014, the Federal Communications Commission
(Commission) released a document in (WC Docket No. 13-184, FCC 14-99;
79 FR 49160, August 19, 2014) which contained information collection
requirements for the schools and libraries universal service mechanism
(E-rate) which required approval from the Office of Management and
Budget (OMB). The Office of Management and Budget (OMB) granted
approval on October 27, 2014, under emergency processing for certain of
the information collection requirements contained in the Report and
Order as required by the Paperwork Reduction Act (PRA) of 1995 (44
U.S.C. 3501-3520).
DATES: The amendment to Sec. 54.502(b)(2) that appeared in the Federal
Register at 79 FR 49160 on August 19, 2014, and revised the information
collection OMB 3060-0806 as approved by OMB, is effective January 5,
2015.
FOR FURTHER INFORMATION CONTACT: Lisa Hone, Wireline Competition Bureau
at (202) 418-7400 or TTY (202) 418-0484.
SUPPLEMENTARY INFORMATION: The Federal Communications Commission has
received OMB approval for the changes to E-rate rules contained in
information collection OMB Control No: 3060-0806; Description of
Services Requested and Certification; Description of Services Requested
and Certification Instructions; Services Ordered and Certification;
Services Ordered and Certification Instructions (FCC Form 470 and
Instructions; FCC Form 471 and Instructions). The information
collection was revised in the Report and Order and Further Notice of
Proposed Rulemaking in WC Docket 13-184 which appears at 79 FR 49160,
August 19, 2014. The rules adopted in the Report and Order that contain
new or modified information collection requirements were not to become
effective until approved by the Office of Management and Budget.
Through this document, the Commission announces that it has received
this approval (OMB Control No: 3060-0806, Expiration Date April 30,
2015) and that Sec. 54.502(b)(2) is effective January 5, 2015.
Pursuant to the Paperwork Reduction Act of 1995, 44 U.S.C. 3501-
3520, an agency may not conduct or sponsor a collection of information
unless it displays a currently valid control number. Notwithstanding
any other provisions of law, no person shall be subject to any penalty
for failing to comply with the collection of information subject to the
Paperwork Reduction Act that does not display a valid control number.
Questions concerning the OMB control numbers and expiration dates
should be directed to Leslie F. Smith, Federal Communications
Commission, (202)418-0217 or via the Internet at Leslie.Smith@fcc.gov.
Federal Communications Commission.
Marlene H. Dortch,
Secretary.
[FR Doc. 2014-30775 Filed 1-2-15; 8:45 am]
BILLING CODE 6712-01-P
