Drawbridge Operation Regulation; Harlem River, New York City, NY, 76512-76513 [2016-26531]
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Federal Register / Vol. 81, No. 213 / Thursday, November 3, 2016 / Rules and Regulations
mstockstill on DSK3G9T082PROD with RULES
obligation of USP and is United States
property within the meaning of section
956(c). Thus, on the date the loan is made,
FS is treated as holding United States
property of $80x.
(d) Limitation on a partner’s indirect
pledge or guarantee. For purposes of
section 956 and § 1.956–2(c), a
controlled foreign corporation that is a
partner in a partnership is not
considered a pledgor or guarantor of the
portion of an obligation of the
partnership attributed to its partners
that are United States persons under
paragraph (c) of this section solely as a
result of the attribution of a portion of
the partnership’s assets to the controlled
foreign corporation under paragraph (b)
of this section.
(e) Obligations of a domestic
partnership. For purposes of section
956, an obligation of a domestic
partnership is an obligation of a United
States person. See section 956(c)(2)(L)
for an exception from the treatment of
such an obligation as United States
property.
(f) Effective/applicability dates. (1)
Paragraph (b) of this section applies to
taxable years of controlled foreign
corporations ending on or after
November 3, 2016, and taxable years of
United States shareholders in which or
with which such taxable years end, with
respect to property acquired on or after
November 3, 2016. For purposes of this
paragraph (f)(1), a deemed exchange of
property pursuant to section 1001 on or
after November 3, 2016, constitutes an
acquisition of the property on or after
that date. See § 1.956–2(a)(3), as
contained in 26 CFR part 1 revised as of
April 1, 2016, for the rules applicable to
taxable years of a controlled foreign
corporation beginning on or after July
23, 2002, and ending before November
3, 2016, and with respect to property
acquired before November 3, 2016, to
taxable years of a controlled foreign
corporation beginning on or after July
23, 2002.
(2) Except as otherwise provided in
this paragraph (f)(2), paragraph (c) of
this section applies to taxable years of
controlled foreign corporations ending
on or after November 3, 2016, and
taxable years of United States
shareholders in which or with which
such taxable years end, with respect to
obligations acquired, or pledges or
guarantees entered into, on or after
September 1, 2015, and, for purposes of
paragraph (c)(3) of this section, in the
case of distributions made on or after
September 1, 2015. Paragraph (c)(3)(ii)
of this section applies to taxable years
of controlled foreign corporations
ending on or after November 3, 2016,
and taxable years of United States
VerDate Sep<11>2014
16:18 Nov 02, 2016
Jkt 241001
shareholders in which or with which
such taxable years end, with respect to
obligations acquired, or pledges or
guarantees entered into, on or after
September 1, 2015, and distributions
made on or after November 3, 2016. For
purposes of this paragraph (f)(2), a
significant modification, within the
meaning of § 1.1001–3(e), of an
obligation on or after September 1, 2015
constitutes an acquisition of the
obligation on or after that date.
Furthermore, for purposes of this
paragraph (f)(2), a pledgor or guarantor
is treated as entering into a pledge or
guarantee when there is a significant
modification, within the meaning of
§ 1.1001–3(e), of an obligation with
respect to which it is a pledgor or
guarantor on or after September 1, 2015.
See § 1.956–1T(b)(5), as contained in 26
CFR part 1 revised as of April 1, 2016,
for rules applicable to taxable years of
controlled foreign corporations ending
on or after September 1, 2015, and
before November 3, 2016, and to taxable
years of United States shareholders in
which or with which such taxable years
end, in the case of distributions made
on or after September 1, 2015.
(3) Paragraph (d) of this section
applies to taxable years of controlled
foreign corporations ending on or after
November 3, 2016, and taxable years of
United States shareholders in which or
with which such taxable years end, with
respect to pledges or guarantees entered
into on or after September 1, 2015. For
purposes of this paragraph (f)(3), a
pledgor or guarantor is treated as
entering into a pledge or guarantee
when there is a significant modification,
within the meaning of § 1.1001–3(e), of
an obligation with respect to which it is
a pledgor or guarantor on or after
September 1, 2015.
(4) Paragraph (e) of this section
applies to taxable years of controlled
foreign corporations ending on or after
November 3, 2016, and to taxable years
of United States shareholders in which
or with which such taxable years end,
with respect to obligations held on or
after November 3, 2016.
John Dalrymple,
Deputy Commissioner for Services and
Enforcement.
Approved: October 17, 2016.
Mark J. Mazur,
Assistant Secretary of the Treasury (Tax
Policy).
[FR Doc. 2016–26425 Filed 11–2–16; 8:45 am]
BILLING CODE 4830–01–P
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DEPARTMENT OF HOMELAND
SECURITY
Coast Guard
33 CFR Part 117
[Docket No. USCG–2016–0966]
Drawbridge Operation Regulation;
Harlem River, New York City, NY
Coast Guard, DHS.
Notice of deviation from
drawbridge regulation.
AGENCY:
ACTION:
The Coast Guard has issued a
temporary deviation from the operating
schedule that governs the Spuyten
Duyvil Bridge across the Harlem River,
mile 7.9, New York City, New York.
This deviation is necessary to allow the
bridge owner to perform a test of the
submarine cables at the bridge.
DATES: This deviation is effective from
10 p.m. on December 9, 2016 to 7 a.m.
on December 11, 2016.
ADDRESSES: The docket for this
deviation, [USCG–2016–0966] is
available at https://www.regulations.gov.
Type the docket number in the
‘‘SEARCH’’ box and click ‘‘SEARCH’’.
Click on Open Docket Folder on the line
associated with this deviation.
FOR FURTHER INFORMATION CONTACT: If
you have questions on this temporary
deviation, call or email Judy Leung-Yee,
Project Officer, First Coast Guard
District, telephone (212) 514–4330,
email judy.k.leung-yee@uscg.mil.
SUPPLEMENTARY INFORMATION: The
Spuyten Duyvil Bridge, mile 7.9, across
the Harlem River, has a vertical
clearance in the closed position of 5 feet
at mean high water and 9 feet at mean
low water. The existing bridge operating
regulations are found at 33 CFR
117.789(d).
The waterway is transited by
commercial vessels.
The bridge owner, National Railroad
Passenger Corporation (Amtrak),
requested a temporary deviation from
the normal operating schedule to
perform a test of the submarine cables
at the bridge.
Under this temporary deviation, the
Spuyten Duyvil Bridge shall remain in
the closed position from 10 p.m. on
December 9, 2016 to 7 a.m. on December
11, 2016.
Vessels able to pass under the bridge
in the closed position may do so at any
time. The bridge will be able to open for
emergencies and there is an alternate
route for vessels to pass.
The Coast Guard will inform the users
of the waterways through our Local and
Broadcast Notices to Mariners of the
SUMMARY:
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Federal Register / Vol. 81, No. 213 / Thursday, November 3, 2016 / Rules and Regulations
change in operating schedule for the
bridge so that vessel operations can
arrange their transits to minimize any
impact caused by the temporary
deviation. The Coast Guard notified
known companies of the commercial
vessels, NYPD, and FDNY in the area
and they have no objections to the
temporary deviation.
In accordance with 33 CFR 117.35(e),
the drawbridge must return to its regular
operating schedule immediately at the
end of the effective period of this
temporary deviation. This deviation
from the operating regulations is
authorized under 33 CFR 117.35.
Dated: October 31, 2016.
C.J. Bisignano,
Supervisory Bridge Management Specialist,
First Coast Guard District.
[FR Doc. 2016–26531 Filed 11–2–16; 8:45 am]
BILLING CODE 9110–04–P
DEPARTMENT OF HOMELAND
SECURITY
Coast Guard
33 CFR Part 117
[Docket No. USCG–2016–0978]
Drawbridge Operation Regulation;
Pass Manchac, Manchac, LA
Coast Guard, DHS.
Notice of deviation from
drawbridge regulations.
AGENCY:
ACTION:
The Coast Guard has issued a
temporary deviation from the operating
schedule that governs the Canadian
National (CN) Railroad automated
bascule span drawbridge across Pass
Manchac, mile 6.7 at Manchac, between
St. John and Tangipahoa Parishes,
Louisiana. The deviation is necessary to
accommodate bridge repair work
essential for the continued operation of
the bridge. This deviation allows the
bridge to remain closed-to-navigation
for eight hours on three consecutive
days, allowing vessels to pass with a
one-hour advance notice.
DATES: This deviation is effective from
November 15, 2016 through November
17, 2016 from 5 a.m. through 2 p.m.
ADDRESSES: The docket for this
deviation, [USCG–2016–0978] is
available at https://www.regulations.gov.
FOR FURTHER INFORMATION CONTACT: If
you have questions on this temporary
deviation, call or email Donna Gagliano,
Bridge Administration Branch, Coast
Guard, telephone (504) 671–2128, email
Donna.Gagliano@uscg.mil.
SUPPLEMENTARY INFORMATION: CN
Railroad, requested that a one-hour
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SUMMARY:
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advance notice be given for the passage
of vessels on the automated bascule
span drawbridge across Pass Manchac,
mile 6.7 at Manchac, between St. John
and Tangipahoa Parishes, Louisiana.
The deviation is necessary to replace the
rail, fasteners, and lift joints on the
bridge. This work is essential for the
continued operation of the bridge.
In accordance with 33 CFR 117.484,
the bridge is not tended and is therefore
automated. These operations are
described in 33 CFR 117.484. Currently,
the bridge remains open until the
passage of a train at which time it closes
to allow the train to pass. This deviation
will allow the bridge to remain closed
to all marine traffic from 5 a.m. through
2 p.m. on Tuesday, November 15, 2016
through Thursday, November 17, 2016,
without a one-hour advance notice.
The bridge will remain operational to
vessels with a one-hour advanced
notice. A tender will be on site to
operate the bridge during the set work
schedule and will be monitoring
channel 16.
Navigation on the waterway consists
of small tugs with and without tows,
commercial vessels, and recreational
craft, including sailboats. The Coast
Guard will also inform the users of the
waterways through our Local and
Broadcast Notices to Mariners of the
change in operating schedule for the
bridge to minimize any impact caused
by the temporary deviation. The bridge
will be unable to open during these
repairs and no alternate route is
available.
In accordance with 33 CFR 117.35(e),
the drawbridge must return to its regular
operating schedule immediately at the
end of the effective period of this
temporary deviation. This deviation
from the operating regulations is
authorized under 33 CFR 117.35.
Dated: October 31, 2016.
David M. Frank,
Bridge Administrator, Eighth Coast Guard
District.
[FR Doc. 2016–26597 Filed 11–2–16; 8:45 am]
BILLING CODE 9110–04–P
DEPARTMENT OF HOMELAND
SECURITY
Coast Guard
33 CFR Part 165
[Docket Number USCG–2016–0992]
RIN 1625–AA00
Safety Zone; Arkansas River, Little
Rock, AR
AGENCY:
PO 00000
Coast Guard, DHS.
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ACTION:
76513
Temporary final rule.
The Coast Guard is
establishing a temporary safety zone for
all waters of the Arkansas River
beginning at mile marker 118.6 and
ending at mile marker 119.6. The safety
zone is necessary to protect persons,
property, and infrastructure from
potential damage and safety hazards
associated with the demolition of the
Broadway Bridge. This rulemaking
prohibits persons and vessels from
entering the safety zone area during
certain operations unless authorized by
the Captain of the Port Memphis or a
designated representative.
DATES: This rule is effective without
actual notice from November 3, 2016
until 10 p.m. on December 1, 2016. For
the purposes of enforcement, actual
notice will be used from 10 p.m. on
October 28, 2016 until November 3,
2016.
ADDRESSES: To view documents
mentioned in this preamble as being
available in the docket, go to https://
www.regulations.gov, type USCG–2016–
0992 in the ‘‘SEARCH’’ box and click
‘‘SEARCH.’’ Click on Open Docket
Folder on the line associated with this
rule.
FOR FURTHER INFORMATION CONTACT: If
you have questions on this rule, call or
email Petty Officer Todd Manow, Sector
Lower Mississippi River Prevention
Department, U.S. Coast Guard;
telephone 901–521–4813, email
Todd.M.Manow@uscg.mil.
SUPPLEMENTARY INFORMATION:
SUMMARY:
I. Table of Abbreviations
CFR Code of Federal Regulations
COTP Captain of the Port
DHS Department of Homeland Security
FR Federal Register
NPRM Notice of proposed rulemaking
§ Section
U.S.C. United States Code
II. Background Information and
Regulatory History
The Coast Guard is issuing this
temporary rule without prior notice and
opportunity to comment pursuant to
authority under section 4(a) of the
Administrative Procedure Act (APA) (5
U.S.C. 553(b)). This provision
authorizes an agency to issue a rule
without prior notice and opportunity to
comment when the agency for good
cause finds that those procedures are
‘‘impracticable, unnecessary, or contrary
to the public interest.’’ Under 5 U.S.C.
553(b)(B), the Coast Guard finds that
good cause exists for not publishing a
notice of proposed rulemaking (NPRM)
with respect to this rule. The Coast
Guard had previously established a
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Agencies
[Federal Register Volume 81, Number 213 (Thursday, November 3, 2016)]
[Rules and Regulations]
[Pages 76512-76513]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-26531]
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DEPARTMENT OF HOMELAND SECURITY
Coast Guard
33 CFR Part 117
[Docket No. USCG-2016-0966]
Drawbridge Operation Regulation; Harlem River, New York City, NY
AGENCY: Coast Guard, DHS.
ACTION: Notice of deviation from drawbridge regulation.
-----------------------------------------------------------------------
SUMMARY: The Coast Guard has issued a temporary deviation from the
operating schedule that governs the Spuyten Duyvil Bridge across the
Harlem River, mile 7.9, New York City, New York. This deviation is
necessary to allow the bridge owner to perform a test of the submarine
cables at the bridge.
DATES: This deviation is effective from 10 p.m. on December 9, 2016 to
7 a.m. on December 11, 2016.
ADDRESSES: The docket for this deviation, [USCG-2016-0966] is available
at https://www.regulations.gov. Type the docket number in the ``SEARCH''
box and click ``SEARCH''. Click on Open Docket Folder on the line
associated with this deviation.
FOR FURTHER INFORMATION CONTACT: If you have questions on this
temporary deviation, call or email Judy Leung-Yee, Project Officer,
First Coast Guard District, telephone (212) 514-4330, email
judy.k.leung-yee@uscg.mil.
SUPPLEMENTARY INFORMATION: The Spuyten Duyvil Bridge, mile 7.9, across
the Harlem River, has a vertical clearance in the closed position of 5
feet at mean high water and 9 feet at mean low water. The existing
bridge operating regulations are found at 33 CFR 117.789(d).
The waterway is transited by commercial vessels.
The bridge owner, National Railroad Passenger Corporation (Amtrak),
requested a temporary deviation from the normal operating schedule to
perform a test of the submarine cables at the bridge.
Under this temporary deviation, the Spuyten Duyvil Bridge shall
remain in the closed position from 10 p.m. on December 9, 2016 to 7
a.m. on December 11, 2016.
Vessels able to pass under the bridge in the closed position may do
so at any time. The bridge will be able to open for emergencies and
there is an alternate route for vessels to pass.
The Coast Guard will inform the users of the waterways through our
Local and Broadcast Notices to Mariners of the
[[Page 76513]]
change in operating schedule for the bridge so that vessel operations
can arrange their transits to minimize any impact caused by the
temporary deviation. The Coast Guard notified known companies of the
commercial vessels, NYPD, and FDNY in the area and they have no
objections to the temporary deviation.
In accordance with 33 CFR 117.35(e), the drawbridge must return to
its regular operating schedule immediately at the end of the effective
period of this temporary deviation. This deviation from the operating
regulations is authorized under 33 CFR 117.35.
Dated: October 31, 2016.
C.J. Bisignano,
Supervisory Bridge Management Specialist, First Coast Guard District.
[FR Doc. 2016-26531 Filed 11-2-16; 8:45 am]
BILLING CODE 9110-04-P