Inversions and Related Transactions; Correction, 35275 [2016-13015]

Download as PDF 35275 Proposed Rules Federal Register Vol. 81, No. 106 Thursday, June 2, 2016 This section of the FEDERAL REGISTER contains notices to the public of the proposed issuance of rules and regulations. The purpose of these notices is to give interested persons an opportunity to participate in the rule making prior to the adoption of the final rules. DEPARTMENT OF THE TREASURY 367, 956, 7701(l), and 7874 of the Internal Revenue Code. Need for Correction As published, the notice of proposed rulemaking by cross-reference to temporary regulations (REG–135734–14) contains errors that may prove to be misleading and are in need of clarification. Internal Revenue Service Correction of Publication 26 CFR Part 1 Accordingly, the notice of proposed rulemaking by cross-reference to temporary regulations (REG–135734–14) that was the subject of FR Doc. 2016– 07299 is corrected as follows: ■ 1. On page 20588, in the preamble, in the ‘‘Background’’ paragraph, in the fifth line, the language ‘‘954, 956, 7701(l), and 7874 of the’’ is corrected to read ‘‘956, 7701(l), and 7874 of the’’. [REG–135734–14] RIN 1545–BM45 Inversions and Related Transactions; Correction Internal Revenue Service (IRS), Treasury. ACTION: Correction to a notice of proposed rulemaking by cross-reference to temporary regulation. AGENCY: This document contains corrections to a notice of proposed rulemaking by cross-reference to temporary regulations (REG–135734–14) that were published in the Federal Register on Friday, April 8, 2016 (81 FR 20588). The proposed regulations relate to transactions that are structured to avoid the purposes of sections 7874 and 367 of the Internal Revenue Code (the Code) and certain post-inversion tax avoidance transactions. DATES: Written or electronic comments and requests for a public hearing for the notice of proposed rulemaking published at 81 FR 20588, April 8, 2016 are still being accepted and must be received by July 7, 2016. FOR FURTHER INFORMATION CONTACT: Concerning the proposed regulations under sections 304, 367, and 7874, Shane M. McCarrick or David A. Levine, (202) 317–6937; concerning the proposed regulations under sections 956 and 770 (l), Rose E. Jenkins (202) 317– 6934; concerning submissions or comments or requests for a public hearing, Regina Johnson 202–317–6901 (not toll-free numbers). SUPPLEMENTARY INFORMATION: asabaliauskas on DSK3SPTVN1PROD with PROPOSALS SUMMARY: Background The notice of proposed rulemaking by cross-reference to temporary regulations (REG–135734–14) that is the subject of this correction is under sections 304, VerDate Sep<11>2014 16:42 Jun 01, 2016 Jkt 238001 § 1.7874–4 [Corrected] 2. On page 20590, second column, seventh line of paragraph (c)(1)(ii), the language ‘‘(ii) [Reserved].’’ is corrected to read ‘‘(ii) introductory text through (ii)(A) [Reserved].’’. ■ 3. On page 20590, second column, second line of paragraph (i)(7), the language ‘‘(i)(7)(iii) introductory text [Reserved].’’ is corrected to read ‘‘(i)(7)(iii)(B) [Reserved].’’. ■ 4. On page 20590, third column, first and second line of paragraph (j), the language ‘‘(j) introductory text through (j)(6) [Reserved].’’ is corrected to read ‘‘(i)(8) through (j)(6) [Reserved]’’. ■ Martin V. Franks, Chief, Publications and Regulations Branch, Associate Chief Counsel, (Procedure and Administration). [FR Doc. 2016–13015 Filed 6–1–16; 8:45 am] BILLING CODE 4830–01–P ENVIRONMENTAL PROTECTION AGENCY 40 CFR Part 372 [EPA–HQ–TRI–2015–0607; FRL–9943–55] RIN 2025–AA42 Addition of Hexabromocyclododecane (HBCD) Category; Community Rightto-Know Toxic Chemical Release Reporting Environmental Protection Agency (EPA). AGENCY: PO 00000 Frm 00001 Fmt 4702 Sfmt 4702 ACTION: Proposed rule. EPA is proposing to add a hexabromocyclododecane (HBCD) category to the list of toxic chemicals subject to reporting under section 313 of the Emergency Planning and Community Right-to-Know Act (EPCRA) and section 6607 of the Pollution Prevention Act (PPA). EPA is proposing to add this chemical category to the EPCRA section 313 list because EPA believes HBCD meets the EPCRA section 313(d)(2)(B) and (C) toxicity criteria. Specifically, EPA believes that HBCD can reasonably be anticipated to cause developmental and reproductive effects in humans and is highly toxic to aquatic and terrestrial organisms. In addition, based on the available bioaccumulation and persistence data, EPA believes that HBCD should be classified as a persistent, bioaccumulative, and toxic (PBT) chemical and assigned a 100pound reporting threshold. Based on a review of the available production and use information, members of the HBCD category are expected to be manufactured, processed, or otherwise used in quantities that would exceed a 100-pound EPCRA section 313 reporting threshold. DATES: Comments must be received on or before August 1, 2016. ADDRESSES: Submit your comments, identified by Docket ID No. EPA–HQ– TRI–2015–0607, by one of the following methods: • Federal eRulemaking Portal: http:// www.regulations.gov. Follow the online instructions for submitting comments. Do not submit electronically any information you consider to be Confidential Business Information (CBI) or other information whose disclosure is restricted by statute. • Mail: Document Control Office (7407M), Office of Pollution Prevention and Toxics (OPPT), Environmental Protection Agency, 1200 Pennsylvania Ave. NW., Washington, DC 20460–0001. • Hand Delivery: To make special arrangements for hand delivery or delivery of boxed information, please follow the instructions at http:// www.epa.gov/dockets/where-sendcomments-epa-dockets#hq. Additional instructions on commenting or visiting the docket, along with more information about dockets generally, is available at http://www.epa.gov/ dockets/commenting-epa-dockets. SUMMARY: E:\FR\FM\02JNP1.SGM 02JNP1

Agencies

[Federal Register Volume 81, Number 106 (Thursday, June 2, 2016)]
[Proposed Rules]
[Page 35275]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-13015]


========================================================================
Proposed Rules
                                                Federal Register
________________________________________________________________________

This section of the FEDERAL REGISTER contains notices to the public of 
the proposed issuance of rules and regulations. The purpose of these 
notices is to give interested persons an opportunity to participate in 
the rule making prior to the adoption of the final rules.

========================================================================


Federal Register / Vol. 81, No. 106 / Thursday, June 2, 2016 / 
Proposed Rules

[[Page 35275]]



DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-135734-14]
RIN 1545-BM45


Inversions and Related Transactions; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to a notice of proposed rulemaking by cross-
reference to temporary regulation.

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

SUMMARY: This document contains corrections to a notice of proposed 
rulemaking by cross-reference to temporary regulations (REG-135734-14) 
that were published in the Federal Register on Friday, April 8, 2016 
(81 FR 20588). The proposed regulations relate to transactions that are 
structured to avoid the purposes of sections 7874 and 367 of the 
Internal Revenue Code (the Code) and certain post-inversion tax 
avoidance transactions.

DATES: Written or electronic comments and requests for a public hearing 
for the notice of proposed rulemaking published at 81 FR 20588, April 
8, 2016 are still being accepted and must be received by July 7, 2016.

FOR FURTHER INFORMATION CONTACT: Concerning the proposed regulations 
under sections 304, 367, and 7874, Shane M. McCarrick or David A. 
Levine, (202) 317-6937; concerning the proposed regulations under 
sections 956 and 770 (l), Rose E. Jenkins (202) 317-6934; concerning 
submissions or comments or requests for a public hearing, Regina 
Johnson 202-317-6901 (not toll-free numbers).

SUPPLEMENTARY INFORMATION:

Background

    The notice of proposed rulemaking by cross-reference to temporary 
regulations (REG-135734-14) that is the subject of this correction is 
under sections 304, 367, 956, 7701(l), and 7874 of the Internal Revenue 
Code.

Need for Correction

    As published, the notice of proposed rulemaking by cross-reference 
to temporary regulations (REG-135734-14) contains errors that may prove 
to be misleading and are in need of clarification.

Correction of Publication

    Accordingly, the notice of proposed rulemaking by cross-reference 
to temporary regulations (REG-135734-14) that was the subject of FR 
Doc. 2016-07299 is corrected as follows:

0
1. On page 20588, in the preamble, in the ``Background'' paragraph, in 
the fifth line, the language ``954, 956, 7701(l), and 7874 of the'' is 
corrected to read ``956, 7701(l), and 7874 of the''.


Sec.  1.7874-4  [Corrected]

0
2. On page 20590, second column, seventh line of paragraph (c)(1)(ii), 
the language ``(ii) [Reserved].'' is corrected to read ``(ii) 
introductory text through (ii)(A) [Reserved].''.
0
3. On page 20590, second column, second line of paragraph (i)(7), the 
language ``(i)(7)(iii) introductory text [Reserved].'' is corrected to 
read ``(i)(7)(iii)(B) [Reserved].''.
0
4. On page 20590, third column, first and second line of paragraph (j), 
the language ``(j) introductory text through (j)(6) [Reserved].'' is 
corrected to read ``(i)(8) through (j)(6) [Reserved]''.

Martin V. Franks,
Chief, Publications and Regulations Branch, Associate Chief Counsel, 
(Procedure and Administration).
[FR Doc. 2016-13015 Filed 6-1-16; 8:45 am]
 BILLING CODE 4830-01-P