Retrospective Analysis of Existing Rules; Notice of Staff Memorandum, 76542 [2016-26539]

Download as PDF 76542 Federal Register / Vol. 81, No. 213 / Thursday, November 3, 2016 / Proposed Rules subsequent maintenance does not constitute an engine shop visit. (2) Separation of engine flanges solely for the purpose of replacing the fan or propulsor without subsequent maintenance does not constitute an engine shop visit. (h) Alternative Methods of Compliance (AMOCs) The Manager, Engine Certification Office, FAA, may approve AMOCs for this AD. Use the procedures found in 14 CFR 39.19 to make your request. You may email your request to: ANE-AD-AMOC@faa.gov. (i) Related Information For more information about this AD, contact Christopher McGuire, Aerospace Engineer, Engine Certification Office, FAA, Engine & Propeller Directorate, 1200 District Avenue, Burlington, MA 01803; phone: 781– 238–7120; fax: 781–238–7199; email: chris.mcguire@faa.gov. electronically should submit an original of the comment to the Federal Energy Regulatory Commission, 888 First Street NE., Washington, DC 20426. All filings in this docket are accessible on-line at http:// www.ferc.gov, using the ‘‘eLibrary’’ link. There is an ‘‘eSubscription’’ link on the Web site that enables subscribers to receive email notification when a document is added to a subscribed docket. For assistance with any FERC Online service, please email FERCOnlineSupport@ferc.gov, or call (866) 208–3676 (toll free). For TTY, call (202) 502–8659. Questions regarding this Notice should be directed to: Kenneth Yu, Office of the General Counsel, Federal Energy Regulatory Commission, 888 First Street NE., Washington, DC 20426, 202–502–8482, Kenneth.Yu@ferc.gov. Issued in Burlington, Massachusetts, on October 24, 2016. Colleen M. D’Alessandro, Manager, Engine & Propeller Directorate, Aircraft Certification Service. Dated: October 28, 2016. Nathaniel J. Davis, Sr., Deputy Secretary. [FR Doc. 2016–26011 Filed 11–2–16; 8:45 am] [FR Doc. 2016–26539 Filed 11–2–16; 8:45 am] BILLING CODE 4910–13–P BILLING CODE 6717–01–P DEPARTMENT OF ENERGY DEPARTMENT OF THE TREASURY Federal Energy Regulatory Commission Internal Revenue Service 26 CFR Part 1 18 CFR Parts 33, 40, 45, 153, 157, 340– 347, 380 RIN 1545–BN51 [Docket No. AD12–6–002] mstockstill on DSK3G9T082PROD with PROPOSALS Retrospective Analysis of Existing Rules; Notice of Staff Memorandum Take notice that the Commission staff is issuing a memorandum setting forth certain proposed revisions to the Commission’s regulations affecting interlocking directorates, seismic data requirements for liquefied natural gas facilities, and oil pipeline rates. The memorandum is being issued pursuant to the November 8, 2011 Plan for Retrospective Analysis of Existing Rules prepared in response to Executive Order 13579, which requested independent regulatory agencies issue plans for periodic retrospective analysis of their existing regulations. The Staff Memorandum is being placed in the record in the abovereferenced administrative docket. The Staff Memorandum will also be available on the Commission’s Web site at http://www.ferc.gov. Comments on the Staff Memorandum should be filed within 30 days of the issuance of this Notice. The Commission encourages electronic submission of comments in lieu of paper using the ‘‘eFiling’’ link at http:// www.ferc.gov. Persons unable to file VerDate Sep<11>2014 20:14 Nov 02, 2016 [REG–114734–16] Jkt 241001 United States Property Held by Controlled Foreign Corporations Through Partnerships With Special Allocations Internal Revenue Service (IRS), Treasury. ACTION: Notice of proposed rulemaking. AGENCY: This document contains proposed regulations that provide rules regarding the determination of the amount of United States property treated as held by a controlled foreign corporation (CFC) through a partnership. The proposed regulations affect United States shareholders of CFCs. DATES: Written or electronic comments and requests for a public hearing must be received by February 1, 2017. ADDRESSES: Send submissions to: CC:PA:LPD:PR (REG–114734–16), Room 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–114734– 16), Courier’s Desk, Internal Revenue Service, 1111 Constitution Avenue NW., SUMMARY: PO 00000 Frm 00011 Fmt 4702 Sfmt 4702 Washington, DC, or sent electronically via the Federal eRulemaking Portal at http://www.regulations.gov (IRS REG– 114734–16). FOR FURTHER INFORMATION CONTACT: Concerning the proposed regulations, Rose E. Jenkins, (202) 317–6934; concerning submissions of comments or requests for a public hearing, Regina Johnson, (202) 317–6901 (not toll-free numbers). SUPPLEMENTARY INFORMATION: Background In the Rules and Regulations section of this issue of the Federal Register, the Department of Treasury (Treasury Department) and the IRS are issuing final regulations that amend the Income Tax Regulations (26 CFR part 1) relating to sections 954 and 956. Under § 1.956– 4(b), a CFC that is a partner in a partnership determines its share of United States property held by the partnership in accordance with the CFC’s liquidation value percentage in the partnership, or, when relevant, based on a special allocation of income (or, where appropriate, gain) from the property. This document proposes to amend § 1.956–4(b) so that a CFC that is a partner in a controlled partnership determines its share of United States property held by the partnership under the liquidation value percentage method, regardless of the existence of any special allocation of income or gain from the property. Explanation of Provisions Section 956 determines the amount that a United States shareholder (as defined in section 951(b)) of a CFC must include in gross income with respect to the CFC under section 951(a)(1)(B). This amount is determined, in part, based on the average of the amounts of United States property held, directly or indirectly, by the CFC at the close of each quarter during its taxable year. For this purpose, in general, the amount taken into account with respect to any United States property is the adjusted basis of the property, reduced by any liability to which the property is subject. See section 956(a) and § 1.956– 1(e). Section 956(e) grants the Secretary authority to prescribe such regulations as may be necessary to carry out the purposes of section 956, including regulations to prevent the avoidance of section 956 through reorganizations or otherwise. Under § 1.956–4(b), a CFC that is a partner in a partnership generally is treated as holding its share of United States property held by the partnership E:\FR\FM\03NOP1.SGM 03NOP1

Agencies

[Federal Register Volume 81, Number 213 (Thursday, November 3, 2016)]
[Proposed Rules]
[Page 76542]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-26539]


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DEPARTMENT OF ENERGY

Federal Energy Regulatory Commission

18 CFR Parts 33, 40, 45, 153, 157, 340-347, 380

[Docket No. AD12-6-002]


Retrospective Analysis of Existing Rules; Notice of Staff 
Memorandum

    Take notice that the Commission staff is issuing a memorandum 
setting forth certain proposed revisions to the Commission's 
regulations affecting interlocking directorates, seismic data 
requirements for liquefied natural gas facilities, and oil pipeline 
rates. The memorandum is being issued pursuant to the November 8, 2011 
Plan for Retrospective Analysis of Existing Rules prepared in response 
to Executive Order 13579, which requested independent regulatory 
agencies issue plans for periodic retrospective analysis of their 
existing regulations.
    The Staff Memorandum is being placed in the record in the above-
referenced administrative docket. The Staff Memorandum will also be 
available on the Commission's Web site at http://www.ferc.gov.
    Comments on the Staff Memorandum should be filed within 30 days of 
the issuance of this Notice. The Commission encourages electronic 
submission of comments in lieu of paper using the ``eFiling'' link at 
http://www.ferc.gov. Persons unable to file electronically should 
submit an original of the comment to the Federal Energy Regulatory 
Commission, 888 First Street NE., Washington, DC 20426.
    All filings in this docket are accessible on-line at http://www.ferc.gov, using the ``eLibrary'' link. There is an 
``eSubscription'' link on the Web site that enables subscribers to 
receive email notification when a document is added to a subscribed 
docket. For assistance with any FERC Online service, please email 
FERCOnlineSupport@ferc.gov, or call (866) 208-3676 (toll free). For 
TTY, call (202) 502-8659.
    Questions regarding this Notice should be directed to: Kenneth Yu, 
Office of the General Counsel, Federal Energy Regulatory Commission, 
888 First Street NE., Washington, DC 20426, 202-502-8482, 
Kenneth.Yu@ferc.gov.

    Dated: October 28, 2016.
Nathaniel J. Davis, Sr.,
Deputy Secretary.
[FR Doc. 2016-26539 Filed 11-2-16; 8:45 am]
 BILLING CODE 6717-01-P