Qualifying Income From Activities of Publicly Traded Partnerships With Respect to Minerals or Natural Resources; Correction, 34856-34857 [2015-14467]

Download as PDF 34856 Federal Register / Vol. 80, No. 117 / Thursday, June 18, 2015 / Proposed Rules Airspace Docket No. 14–ASW–10.’’ The postcard will be date/time stamped and returned to the commenter. Availability of NPRMs An electronic copy of this document may be downloaded through the Internet at http://www.regulations.gov. Recently published rulemaking documents can also be accessed through the FAA’s Web page at http:// www.faa.gov/airports_airtraffic/air_ traffic/publications/airspace_ amendments/. You may review the public docket containing the proposal, any comments received and any final disposition in person in the Dockets Office (see ADDRESSES section for address and phone number) between 9:00 a.m. and 5:00 p.m., Monday through Friday, except Federal holidays. An informal docket may also be examined during normal business hours at the office of the Central Service Center, 2601 Meacham Blvd., Fort Worth, TX 76137. Persons interested in being placed on a mailing list for future NPRMs should contact the FAA’s Office of Rulemaking (202) 267–9677, to request a copy of Advisory Circular No. 11–2A, Notice of Proposed Rulemaking Distribution System, which describes the application procedure. Availability and Summary of Documents Proposed for Incorporation by Reference This document proposes to amend FAA Order 7400.9Y, Airspace Designations and Reporting Points, dated August 6, 2014, and effective September 15, 2014. FAA Order 7400.9Y is publicly available as listed in the ADDRESSES section of this proposed rule. FAA Order 7400.9Y lists Class A, B, C, D, and E airspace areas, air traffic service routes, and reporting points. wreier-aviles on DSK5TPTVN1PROD with PROPOSALS The Proposal The FAA is proposing an amendment to Title 14, Code of Federal Regulations (14 CFR), Part 71 by removing Class E airspace extending upward from 700 feet above the surface at West Texas Airport, El Paso, TX. This action is necessary due to the closure of the airport; therefore controlled airspace is no longer needed. Additionally, geographic coordinates for El Paso International Airport, would be changed from (lat. 31°48′24″ N., long. 106°22′40″ W.) to (lat. 31°50′59″ N., long. 106°22′48″ W.); and Biggs AAF coordinates would be changed from (lat. 31°50′58″ N., long. 106°22′48″ W.) to (lat. 31°50′59″ N., long. 106°22′48″ W.). These minor adjustments would reflect VerDate Sep<11>2014 14:59 Jun 17, 2015 Jkt 235001 the current information in the FAA’s aeronautical database. Class E airspace designations are published in paragraph 6005, of FAA Order 7400.9Y, dated August 6, 2014, and effective September 15, 2014, which is incorporated by reference in 14 CFR 71.1. The Class E airspace designation listed in this document will be published subsequently in the Order. Regulatory Notices and Analyses The FAA has determined that this proposed regulation only involves an established body of technical regulations for which frequent and routine amendments are necessary to keep them operationally current. It therefore, (1) is not a ‘‘significant regulatory action’’ under Executive Order 12866; (2) is not a ‘‘significant rule’’ under DOT Regulatory Policies and Procedures (44 FR 11034; February 26, 1979); and (3) does not warrant preparation of a Regulatory Evaluation as the anticipated impact is so minimal. Since this is a routine matter that will only affect air traffic procedures and air navigation, it is certified that this rule, when promulgated, would not have a significant economic impact on a substantial number of small entities under the criteria of the Regulatory Flexibility Act. effective September 15, 2014 is amended as follows: Paragraph 6005 Class E Airspace Area Extending Upward From 700 Feet or More Above the Surface of the Earth * * * * * 14ASW TX E5 El Paso, TX [Amended] Biggs AAF, (Fort Bliss) (lat. 31°50′59″ N., long. 106°22′48″ W.). El Paso International Airport, TX (lat. 31°48′26″ N., long. 106°22′35″ W.) El Paso VORTAC (lat. 31°48′57″ N., long. 106°16′55″ W.). Class E airspace extending upward from 700 feet above the surface within a 9.1-mile radius of Biggs AAF, and within a 8.4-mile radius of El Paso International Airport, and within 2 miles each side of the 050° bearing from El Paso International Airport extending from the 8.4-mile radius to 13 miles northeast of the airport, and within 1.6 miles each side of the 093° radial of the El Paso VORTAC extending from the 8.4-mile radius to 7.3 miles east of the VORTAC. Issued in Fort Worth, TX on June 9, 2015. Robert W. Beck, Manager, Operations Support Group, ATO Central Service Center. [FR Doc. 2015–14810 Filed 6–17–15; 8:45 am] BILLING CODE 4910–13–P DEPARTMENT OF THE TREASURY Environmental Review Internal Revenue Service This proposal will be subject to an environmental analysis in accordance with FAA Order 1050.1E, ‘‘Environmental Impacts: Policies and Procedures’’ prior to any FAA final regulatory action. 26 CFR Part 1 List of Subjects in 14 CFR Part 71 Airspace, Incorporation by reference, Navigation (Air). [REG–132634–14] RIN 1545–BM43 Qualifying Income From Activities of Publicly Traded Partnerships With Respect to Minerals or Natural Resources; Correction The Proposed Amendment In consideration of the foregoing, the Federal Aviation Administration proposes to amend 14 CFR part 71 as follows: Internal Revenue Service (IRS), Treasury. ACTION: Proposed rule; Correction. SUMMARY: PART 71—DESIGNATION OF CLASS A, B, C, D, AND E AIRSPACE AREAS; AIR TRAFFIC SERVICE ROUTES; AND REPORTING POINTS 1. The authority citation for 14 CFR part 71 continues to read as follows: ■ Authority: 49 U.S.C. 106(f), 106(g), 40103, 40113, 40120; E.O. 10854, 24 FR 9565, 3 CFR, 1959–1963 Comp., p. 389. § 71.1 [Amended] 2. The incorporation by reference in 14 CFR 71.1 of FAA Order 7400.9Y, Airspace Designations and Reporting Points, dated August 6, 2014, and ■ PO 00000 Frm 00014 Fmt 4702 Sfmt 4702 AGENCY: This document contains corrections to a notice of proposed rulemaking (REG–132634–14) that was published in the Federal Register on Wednesday, May 6, 2015 (80 FR 25970). The proposed rules provide guidance on qualifying income from exploration, development, mining or production, processing, refining, transportation, and marketing of minerals or natural resources. DATES: Written or electronic comments and requests for a public hearing for the notice of proposed rulemaking published at 80 FR 25970, May 6, 2015 are still being accepted and must be received by August 4, 2015. ADDRESSES: Send submissions to: CC:PA:LPD:PR (REG–132634–14), Room E:\FR\FM\18JNP1.SGM 18JNP1 Federal Register / Vol. 80, No. 117 / Thursday, June 18, 2015 / Proposed Rules 5203, Internal Revenue Service, P.O. Box 7604, Ben Franklin Station, Washington, DC 20044. Submissions may be hand-delivered Monday through Friday between the hours of 8 a.m. and 4 p.m. to CC:PA:LPD:PR (REG–132634– 14), Courier’s Desk, Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC, or sent electronically, via the Federal eRulemaking Portal at www.regulations.gov (IRS REG–132634– 14). FOR FURTHER INFORMATION CONTACT: Caroline E. Hay at (202) 317–5279 (not a toll free number). SUPPLEMENTARY INFORMATION: Background Need for Correction As published in the Federal Register on Wednesday, May 6, 2015 (80 FR 25970), the notice of proposed rulemaking (REG–132634–14) contains errors that may prove to be misleading and are in need of clarification. Correction of Publication Accordingly, the notice of proposed rulemaking (REG–132634–14), that was the subject of FR Doc. 2015–10592, is corrected as follows: 1. On page 25972, in the preamble, first column, under paragraph heading ‘‘D. Processing or Refining’’, sixteenth line from the bottom of the first paragraph, the language ‘‘with Rev. Rul. 87–56 (1987–2 CB 27)’’ is corrected to read ‘‘with Rev. Proc. 87–56 (1987–2 CB 674)’’. § 1.7704–4 [Corrected] wreier-aviles on DSK5TPTVN1PROD with PROPOSALS 2. On Page 25975, first column, the fifteenth and sixteenth lines of paragraph (c)(5)(i), the language ‘‘activity in accordance with Rev. Rul. 87–56, 1987–2 CB 27 (see’’ is corrected to read ‘‘activity in accordance with Rev. Proc. 87–56, 1987–2 CB 674 (see’’. Martin V. Franks, Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration). [FR Doc. 2015–14467 Filed 6–17–15; 8:45 am] BILLING CODE 4830–01–P VerDate Sep<11>2014 DEPARTMENT OF THE TREASURY Background on Viticultural Areas Alcohol and Tobacco Tax and Trade Bureau TTB Authority Section 105(e) of the Federal Alcohol Administration Act (FAA Act), 27 U.S.C. 205(e), authorizes the Secretary of the Treasury to prescribe regulations for the labeling of wine, distilled spirits, and malt beverages. The FAA Act provides that these regulations should, among other things, prohibit consumer deception and the use of misleading statements on labels and ensure that labels provide the consumer with adequate information as to the identity and quality of the product. The Alcohol and Tobacco Tax and Trade Bureau (TTB) administers the FAA Act pursuant to section 1111(d) of the Homeland Security Act of 2002, codified at 6 U.S.C. 531(d). The Secretary has delegated various authorities through Treasury Department Order 120–01), dated December 10, 2013, to the TTB Administrator to perform the functions and duties in the administration and enforcement of this law. Part 4 of the TTB regulations (27 CFR part 4) authorizes the establishment of definitive viticultural areas and the use of their names as appellations of origin on wine labels and in wine advertisements. Part 9 of the TTB regulations (27 CFR part 9) sets forth standards for the preparation and submission of petitions for the establishment or modification of American viticultural areas (AVAs) and lists the approved AVAs. 27 CFR Part 9 [Docket No. TTB–2015–0009; Notice No. 153] RIN 1513–AC20 Proposed Establishment of the Loess Hills District Viticultural Area Alcohol and Tobacco Tax and Trade Bureau, Treasury. ACTION: Notice of proposed rulemaking. AGENCY: The Alcohol and Tobacco Tax and Trade Bureau (TTB) proposes to establish the 12,897-square mile (8,254,151-acre) ‘‘Loess Hills District’’ viticultural area in western Iowa and northwestern Missouri. The proposed viticultural area is not located within, nor does it contain, any other established viticultural area. TTB designates viticultural areas to allow vintners to better describe the origin of their wines and to allow consumers to better identify wines they may purchase. TTB invites comments on this proposed addition to its regulations. DATES: Comments must be received by August 17, 2015. ADDRESSES: Please send your comments on this proposed rule to one of the following addresses (please note that TTB has a new address for comments submitted by U.S. mail): • Internet: http://www.regulations.gov (via the online comment form for this proposed rule as posted within Docket No. TTB–2015–0009 at ‘‘Regulations.gov,’’ the Federal erulemaking portal); • U.S. Mail: Director, Regulations and Rulings Division, Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., Box 12, Washington, DC 20005; or • Hand delivery/courier in lieu of mail: Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., Suite 400, Washington, DC 20005. See the Public Participation section of this proposed rule for specific instructions and requirements for submitting comments, and for information on how to request a public hearing or view or request copies of the petition and supporting materials. FOR FURTHER INFORMATION CONTACT: Karen A. Thornton, Regulations and Rulings Division, Alcohol and Tobacco Tax and Trade Bureau, 1310 G Street NW., Box 12, Washington, DC 20005; phone 202–453–1039, ext. 175. SUPPLEMENTARY INFORMATION: SUMMARY: The notice of proposed rulemaking (REG–132634–14) that is the subject of these corrections is under section 7704(d)(1)(E) of the Internal Revenue Code. 14:59 Jun 17, 2015 Jkt 235001 34857 PO 00000 Frm 00015 Fmt 4702 Sfmt 4702 Definition Section 4.25(e)(1)(i) of the TTB regulations (27 CFR 4.25(e)(1)(i)) defines a viticultural area for American wine as a delimited grape-growing region having distinguishing features, as described in part 9 of the regulations, and a name and a delineated boundary, as established in part 9 of the regulations. These designations allow vintners and consumers to attribute a given quality, reputation, or other characteristic of a wine made from grapes grown in an area to the wine’s geographic origin. The establishment of AVAs allows vintners to describe more accurately the origin of their wines to consumers and helps consumers to identify wines they may purchase. Establishment of an AVA is neither an approval nor an endorsement by TTB of the wine produced in that area. Requirements Section 4.25(e)(2) of the TTB regulations (27 CFR 4.25(e)(2)) outlines the procedure for proposing an AVA and provides that any interested party E:\FR\FM\18JNP1.SGM 18JNP1

Agencies

[Federal Register Volume 80, Number 117 (Thursday, June 18, 2015)]
[Proposed Rules]
[Pages 34856-34857]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-14467]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-132634-14]
RIN 1545-BM43


Qualifying Income From Activities of Publicly Traded Partnerships 
With Respect to Minerals or Natural Resources; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Proposed rule; Correction.

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SUMMARY: This document contains corrections to a notice of proposed 
rulemaking (REG-132634-14) that was published in the Federal Register 
on Wednesday, May 6, 2015 (80 FR 25970). The proposed rules provide 
guidance on qualifying income from exploration, development, mining or 
production, processing, refining, transportation, and marketing of 
minerals or natural resources.

DATES: Written or electronic comments and requests for a public hearing 
for the notice of proposed rulemaking published at 80 FR 25970, May 6, 
2015 are still being accepted and must be received by August 4, 2015.

ADDRESSES: Send submissions to: CC:PA:LPD:PR (REG-132634-14), Room

[[Page 34857]]

5203, Internal Revenue Service, P.O. Box 7604, Ben Franklin Station, 
Washington, DC 20044. Submissions may be hand-delivered Monday through 
Friday between the hours of 8 a.m. and 4 p.m. to CC:PA:LPD:PR (REG-
132634-14), Courier's Desk, Internal Revenue Service, 1111 Constitution 
Avenue NW., Washington, DC, or sent electronically, via the Federal 
eRulemaking Portal at www.regulations.gov (IRS REG-132634-14). FOR 
FURTHER INFORMATION CONTACT: Caroline E. Hay at (202) 317-5279 (not a 
toll free number).

SUPPLEMENTARY INFORMATION: 

Background

    The notice of proposed rulemaking (REG-132634-14) that is the 
subject of these corrections is under section 7704(d)(1)(E) of the 
Internal Revenue Code.

Need for Correction

    As published in the Federal Register on Wednesday, May 6, 2015 (80 
FR 25970), the notice of proposed rulemaking (REG-132634-14) contains 
errors that may prove to be misleading and are in need of 
clarification.

Correction of Publication

    Accordingly, the notice of proposed rulemaking (REG-132634-14), 
that was the subject of FR Doc. 2015-10592, is corrected as follows:
    1. On page 25972, in the preamble, first column, under paragraph 
heading ``D. Processing or Refining'', sixteenth line from the bottom 
of the first paragraph, the language ``with Rev. Rul. 87-56 (1987-2 CB 
27)'' is corrected to read ``with Rev. Proc. 87-56 (1987-2 CB 674)''.


Sec.  1.7704-4  [Corrected]

    2. On Page 25975, first column, the fifteenth and sixteenth lines 
of paragraph (c)(5)(i), the language ``activity in accordance with Rev. 
Rul. 87-56, 1987-2 CB 27 (see'' is corrected to read ``activity in 
accordance with Rev. Proc. 87-56, 1987-2 CB 674 (see''.

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2015-14467 Filed 6-17-15; 8:45 am]
BILLING CODE 4830-01-P