United States Property Held by Controlled Foreign Corporations Through Partnerships With Special Allocations; Correction, 95541-95542 [2016-31358]

Download as PDF Federal Register / Vol. 81, No. 249 / Wednesday, December 28, 2016 / Proposed Rules caused by TSA/CAA surface treatment in certain bulk cargo door frame holes. Cracks in the bulk cargo door frames can cause the in-flight loss of a bulk cargo door, damage to the airplane and subsequent reduced control of the airplane. (f) Compliance Comply with this AD within the compliance times specified, unless already done. (g) Initial Inspection At the applicable compliance time specified in table 1 to paragraph (g) of this AD, do the actions specified in paragraph (g)(1) or (g)(2) of this AD, in accordance with the instructions of Airbus Alert Operators Transmission (AOT), AOT A53L012–16, Revision 00, dated May 30, 2016. (1) Accomplish a rototest inspection to detect cracking of the holes for the bulk cargo door support fittings at fuselage frame (FR) 67 and FR 69, and a high-frequency eddycurrent (HFEC) inspection of the holes for the door latch fitting at FR 69. (2) Accomplish a detailed visual inspection to detect cracking in the bulk cargo door support fittings at FR 67 and FR 69 and the holes for the door latch fitting at FR 69. TABLE 1 TO PARAGRAPH (g) OF THIS AD—INITIAL INSPECTION Total flight cycles accumulated since airplane first flight, on the effective date of this AD 12,500 total flight cycles or more. Fewer than 12,500 total flight cycles. Compliance time Within 200 flight cycles or 2 months, whichever occurs first, after the effective date of this AD. Within 200 flight cycles or 2 months, whichever occurs first, after exceeding 12,500 flight cycles. (h) Repetitive Inspections At intervals not to exceed the values specified in table 2 to paragraph (h) of this AD, as applicable, depending on the previously selected inspection method, repeat the inspection(s) specified in either paragraph (g)(1) or (g)(2) of this AD. TABLE 2 TO PARAGRAPH (h) OF THIS AD—REPETITIVE INSPECTIONS sradovich on DSK3GMQ082PROD with PROPOSALS Inspection method Detailed visual inspection. Rototest and HFEC inspections. Inspection interval 150 flight cycles. 2,900 flight cycles. (i) Repair If, during any inspection required by paragraph (g) or (h) of this AD, any crack is detected, before further flight, repair using a method approved by the Manager, VerDate Sep<11>2014 18:33 Dec 27, 2016 Jkt 241001 International Branch, ANM–116, Transport Airplane Directorate, FAA; or the European Aviation Safety Agency (EASA); or Airbus’s EASA Design Organization Approval (DOA). (j) Terminating Action Accomplishment of a repair on an airplane, as required by paragraph (i) of this AD, does not constitute terminating action for the inspections required by this AD for that airplane, unless otherwise specified in repair instructions approved by the Manager, International Branch, ANM–116, Transport Airplane Directorate, FAA; or EASA; or Airbus’s EASA DOA. (k) Reporting After the initial inspection specified in paragraph (g) of this AD, and after each repetitive inspection specified in paragraph (h) of this AD, at the applicable times specified in paragraph (k)(1) and (k)(2) of this AD: Report inspection findings, both positive and negative, to Airbus in accordance with the instructions of Airbus AOT A53L012–16, Revision 00, dated May 30, 2016. (1) If the inspection was done on or after the effective date of this AD: Submit the report within 30 days after the inspection. (2) If the inspection was done before the effective date of this AD: Submit the report within 30 days after the effective date of this AD. (l) Other FAA AD Provisions The following provisions also apply to this AD: (1) Alternative Methods of Compliance (AMOCs): The Manager, International Branch, ANM–116, Transport Airplane Directorate, FAA, has the authority to approve AMOCs for this AD, if requested using the procedures found in 14 CFR 39.19. In accordance with 14 CFR 39.19, send your request to your principal inspector or local Flight Standards District Office, as appropriate. If sending information directly to the International Branch, send it to ATTN: Vladimir Ulyanov, Aerospace Engineer, International Branch, ANM–116, Transport Airplane Directorate, FAA, 1601 Lind Avenue SW., Renton, WA 98057–3356; telephone 425–227–1138; fax 425–227–1149. Information may be emailed to: 9-ANM-116AMOC-REQUESTS@faa.gov. Before using any approved AMOC, notify your appropriate principal inspector, or lacking a principal inspector, the manager of the local flight standards district office/certificate holding district office. The AMOC approval letter must specifically reference this AD. (2) Contacting the Manufacturer: For any requirement in this AD to obtain corrective actions from a manufacturer, the action must be accomplished using a method approved by the Manager, International Branch, ANM– 116, Transport Airplane Directorate, FAA; or EASA; or Airbus’s EASA DOA. If approved by the DOA, the approval must include the DOA-authorized signature. (3) Reporting Requirements: A federal agency may not conduct or sponsor, and a person is not required to respond to, nor shall a person be subject to a penalty for failure to comply with a collection of information subject to the requirements of the Paperwork Reduction Act unless that PO 00000 Frm 00046 Fmt 4702 Sfmt 4702 95541 collection of information displays a current valid OMB Control Number. The OMB Control Number for this information collection is 2120–0056. Public reporting for this collection of information is estimated to be approximately 5 minutes per response, including the time for reviewing instructions, completing and reviewing the collection of information. All responses to this collection of information are mandatory. Comments concerning the accuracy of this burden and suggestions for reducing the burden should be directed to the FAA at: 800 Independence Ave. SW., Washington, DC 20591, Attn: Information Collection Clearance Officer, AES–200. (m) Related Information (1) Refer to Mandatory Continuing Airworthiness Information (MCAI) EASA AD 2016–0102, dated June 1, 2016; corrected June 7, 2016, for related information. You may examine the MCAI on the Internet at http://www.regulations.gov by searching for and locating Docket No. FAA–2016–9517. (2) For service information identified in this AD, contact Airbus SAS, Airworthiness Office—EAL, 1 Rond Point Maurice Bellonte, 31707 Blagnac Cedex, France; telephone +33 5 61 93 36 96; fax +33 5 61 93 45 80; email airworthiness.A330-A340@airbus.com; Internet http://www.airbus.com. You may view this service information at the FAA, Transport Airplane Directorate, 1601 Lind Avenue SW., Renton, WA. For information on the availability of this material at the FAA, call 425–227–1221. Issued in Renton, Washington, on December 2, 2016. Michael Kaszycki, Acting Manager, Transport Airplane Directorate, Aircraft Certification Service. [FR Doc. 2016–30611 Filed 12–27–16; 8:45 am] BILLING CODE 4910–13–P DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Part 1 [REG–114734–16] RIN 1545–BN51 United States Property Held by Controlled Foreign Corporations Through Partnerships With Special Allocations; Correction Internal Revenue Service (IRS), Treasury. ACTION: Correction to a notice of proposed rulemaking. AGENCY: This document contains corrections to a notice of proposed rulemaking (REG–114734–16) that was published in the Federal Register on Thursday, November 3, 2016 (81 FR 76542). The proposed regulations provide rules regarding the SUMMARY: E:\FR\FM\28DEP1.SGM 28DEP1 95542 Federal Register / Vol. 81, No. 249 / Wednesday, December 28, 2016 / Proposed Rules thereunder and does not have a principal’’. determination of the amount of the United States property treated as held by a controlled foreign corporation (CFC) through a partnership. Written or electronic comments and request for a public hearing are still being accepted and must be received by February 1, 2017. DATES: 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., Washington, DC, or sent electronically via the Federal eRulemaking Portal at http://www.regulations.gov (IRS REG– 114734–16). Martin V. Franks, Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, (Procedure and Administration). [FR Doc. 2016–31358 Filed 12–27–16; 8:45 am] BILLING CODE 4830–01–P ADDRESSES: FOR FURTHER INFORMATION CONTACT: Concerning the proposed regulations, Rose E. Jenkins, (202) 317–6934; concerning submissions of comments or request for a public hearing, Regina Johnson, (202) 317–6901 (not a toll-free number). SUPPLEMENTARY INFORMATION: Background The notice of proposed rulemaking (REG–114734–16) that is the subject of this document is under sections 954 and 956 of the Internal Revenue Code. Need for Correction As published, the notice of proposed rulemaking (REG–114734–16) contains errors that may prove to be misleading and are in need of clarification. Correction of Publication Accordingly, the notice of proposed rulemaking, (REG–114734–16), that was the subject of FR Doc. 2016–26424, is corrected as follows: 1. On page 76543, first column, in the preamble, the sixth line from the top of the page, the language, ‘‘property that does not have a principal’’ is corrected to read ‘‘property that is respected for Federal income tax purposes under section 704(b) and the regulations thereunder and does not have a principal’’. sradovich on DSK3GMQ082PROD with PROPOSALS ■ § 1.956–4 [Corrected] 2. On page 76543, third column, third line from the bottom of paragraph (b)(2)(ii), the language ‘‘allocation does not have a principal’’ is corrected to read ‘‘allocation will be respected for Federal income tax purposes under section 704(b) and the regulations ■ VerDate Sep<11>2014 18:33 Dec 27, 2016 Jkt 241001 NATIONAL ARCHIVES AND RECORDS ADMINISTRATION 36 CFR Part 1270 [FDMS No. NARA–16–0005; NARA–2017– 011] RIN 3095–AB87 Presidential Records on the submission): Regulations Comments Desk (External Policy Program, Strategy and Performance Division (SP)); Suite 4100; National Archives and Records Administration; 8601 Adelphi Road; College Park, MD 20740–6001 • Hand delivery or courier: Deliver comments to the front desk at the address above. Instructions: You must include on all submissions the Regulatory Information Number (RIN) for this rulemaking (RIN 3095–AB87) and NARA’s name. We may publish any comments we receive without changes, including any personal information you provide. FOR FURTHER INFORMATION CONTACT: Kimberly Keravuori, by email at regulation_comments@nara.gov, or by telephone at 301–837–3151. SUPPLEMENTARY INFORMATION: National Archives and Records Administration (NARA). ACTION: Proposed rule. Background We are proposing to revise this regulation to reflect changes instituted by the Presidential and Federal Records Acts Amendments of 2014 (2014 Amendments). These Amendments in part added new requirements to the Presidential Records Act (PRA), which went into effect in 2014 and remain in effect, even without this proposed regulatory revision. The proposed changes make clear that, when we maintain electronic Presidential records on behalf of the President before the President’s term of office expires, the President retains exclusive control over the records. In addition, the proposed changes establish procedures that we will follow to notify an incumbent President and former President when we propose to disclose Presidential records to the public, Congress, the courts, or the incumbent President under the provisions of the PRA allowing for access to Presidential records otherwise subject to restrictions. We began the regulatory revision process in response to the 2014 Amendments and issue this updated regulation to reduce confusion about access to Presidential records in light of these recent changes in the law. DATES: Submit comments by January 27, 2017. ADDRESSES: You may submit comments, identified by RIN 3095–AB87, by any of the following methods: • Federal eRulemaking Portal: http:// www.regulations.gov. Follow the instructions for submitting comments. • Email: Regulation_comments@ nara.gov. Include RIN 3095–AB87 in the subject line of the message. • Mail (for paper, disk, or CD–ROM submissions. Include RIN 3095–AB87 We are revising our regulations governing Presidential and Vice Presidential records to incorporate changes made by the Presidential and Federal Records Act Amendments of 2014, (‘‘2014 Amendments,’’ Pub. L. 113–187, 128 Stat. 1017). The 2014 Amendments made several changes to the Presidential Records Act (44 U.S.C. 2201–2209). The most substantial change was codifying the procedures by which we notify former and incumbent Presidents so that they may consider whether to restrict public access to Presidential records of former Presidents that are in our legal custody. This privilege review process was previously controlled by an Executive Order, subject to change by any sitting administration. Because Congress codified the privilege review process for public disclosures in the 2014 Amendments, we are revising the regulation to set out processes for giving notice in such cases, and for former or incumbent Presidents to consider whether to assert a constitutionally based privilege. The 2014 Amendments did not codify the provisions of the Executive Order allowing for notification to the former and incumbent President when Congress, the courts, or the incumbent President (instead of the public) makes the request for records subject to access restrictions. To ensure that the former and incumbent Presidents are given notice and an opportunity to consider whether to assert a constitutionally based privilege in those circumstances as well, we are revising our regulation to set out procedures we follow prior to disclosing records under the PRA’s exceptions to restricted access, which AGENCY: SUMMARY: PO 00000 Frm 00047 Fmt 4702 Sfmt 4702 E:\FR\FM\28DEP1.SGM 28DEP1

Agencies

[Federal Register Volume 81, Number 249 (Wednesday, December 28, 2016)]
[Proposed Rules]
[Pages 95541-95542]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-31358]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-114734-16]
RIN 1545-BN51


United States Property Held by Controlled Foreign Corporations 
Through Partnerships With Special Allocations; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to a notice of proposed rulemaking.

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SUMMARY: This document contains corrections to a notice of proposed 
rulemaking (REG-114734-16) that was published in the Federal Register 
on Thursday, November 3, 2016 (81 FR 76542). The proposed regulations 
provide rules regarding the

[[Page 95542]]

determination of the amount of the United States property treated as 
held by a controlled foreign corporation (CFC) through a partnership.

DATES: Written or electronic comments and request for a public hearing 
are still being accepted and 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., 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 
request for a public hearing, Regina Johnson, (202) 317-6901 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION: 

Background

    The notice of proposed rulemaking (REG-114734-16) that is the 
subject of this document is under sections 954 and 956 of the Internal 
Revenue Code.

Need for Correction

    As published, the notice of proposed rulemaking (REG-114734-16) 
contains errors that may prove to be misleading and are in need of 
clarification.

Correction of Publication

    Accordingly, the notice of proposed rulemaking, (REG-114734-16), 
that was the subject of FR Doc. 2016-26424, is corrected as follows:

0
1. On page 76543, first column, in the preamble, the sixth line from 
the top of the page, the language, ``property that does not have a 
principal'' is corrected to read ``property that is respected for 
Federal income tax purposes under section 704(b) and the regulations 
thereunder and does not have a principal''.


Sec.  1.956-4  [Corrected]

0
2. On page 76543, third column, third line from the bottom of paragraph 
(b)(2)(ii), the language ``allocation does not have a principal'' is 
corrected to read ``allocation will be respected for Federal income tax 
purposes under section 704(b) and the regulations thereunder and does 
not have a principal''.

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel, (Procedure and Administration).
[FR Doc. 2016-31358 Filed 12-27-16; 8:45 am]
BILLING CODE 4830-01-P