Transfers of Certain Property by U.S. Persons to Partnerships With Related Foreign Partners; Correction, 8725-8726 [2020-02654]
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Federal Register / Vol. 85, No. 32 / Tuesday, February 18, 2020 / Rules and Regulations
entity, and shall provide the
information required in paragraphs
(d)(1)(i) and (ii) of this supplement and
the certifications specified in
paragraphs (d)(1)(iii) through (v) of this
supplement.
(i) Name of the entity; complete
physical address, to include shipping,
corporate, and end user addresses, if
different (simply listing a post office box
is insufficient); telephone number;
email address; website (if available); and
name and title of individual signing the
certification statement;
(ii) A complete list of the item(s),
including the applicable Export Control
Classification Number(s) or designation
(if EAR99) for the item(s) under the
EAR, and (for tangible shipments of
commodities and software) the quantity
or quantities of the item(s) that will be
exported, reexported, or transferred
under the authority of the temporary
general license (this inclusive list may
cover multiple exports, reexports, or
transfers (in-country) under the
temporary general license of the same
item(s); see paragraph (d)(2) of this
supplement);
(iii) The end-use of the item(s) to be
received as an export, reexport, or
transfer (in-country) falls within the
scope of a specified authorizing
paragraph under paragraph (c) of this
supplement (a general statement or
declaration that the item falls within the
scope of paragraph (c) or the scope of
the temporary general license will not
be sufficient, as the specific authorizing
paragraph under paragraph (c) must be
identified);
(iv) The entity will comply with the
recordkeeping requirements in part 762
of the EAR, including by providing
copies of the certification statement and
all other export, reexport, or transfer (incountry) records required to be retained
in part 762 to any authorized agent,
official, or employee of BIS, the U.S.
Customs Service, or any other agency of
the U.S. Government as required in
§ 762.7 of the EAR; and
(v) The individual signing the
certification statement, on behalf of the
consignee identified in paragraph (a) of
this supplement, has sufficient authority
to legally bind the entity.
(2) Certification statements may be
used for multiple exports, reexports,
and transfers (in-country). Exporters,
reexporters, and transferors may rely on
the certification statements obtained
under paragraph (d)(1) of this
supplement for multiple exports,
reexports, and transfers (in-country)
involving the same item(s) to the same
consignee/end-user, provided the
information included remains accurate
for those additional exports, reexports,
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and transfers (in-country). If one
certification statement is used for
multiple exports, reexports, or transfers
(in-country) made pursuant to the
temporary general license, the exporter,
reexporter, and transferor must maintain
a log or other similar record that
identifies each such export, reexport,
and transfer (in-country) against that
specific certification statement. The log
or other similar record must be retained
in accordance with part 762 of the EAR.
partnerships with foreign partners
related to the transferor.
DATES:
Effective date: These regulations are
effective February 18, 2020 and
applicable January 23, 2020.
Applicability dates: For dates of
applicability, see § 1.721(c)–6.
FOR FURTHER INFORMATION CONTACT:
Chadwick Rowland, (202) 317–6937
(not a toll-free number).
SUPPLEMENTARY INFORMATION:
PART 762—[AMENDED]
Background
3. The authority citation for part 762
is revised to read as follows:
The final regulations (TD 9891) that
are the subject of this correction are
issued under section 721 of the Internal
Revenue Code.
■
Authority: 50 U.S.C. 4801–4852; 50 U.S.C.
4601 et seq.; 50 U.S.C. 1701 et seq.; E.O.
13222, 66 FR 44025, 3 CFR, 2001 Comp., p.
783.
4. Section 762.2 is amended by adding
paragraph (b)(55) to read as follows:
■
§ 762.2
Records to be retained.
*
*
*
*
*
(b) * * *
(55) Supplement No. 7 to part 744,
Temporary General License Certification
Statements and logs or other records
required, including any additional
support documentation needed to
substantiate the certification statement,
under paragraph (d) of Supplement 7 to
part 744 of this chapter.
*
*
*
*
*
Dated: February 12, 2020.
Richard E. Ashooh,
Assistant Secretary for Export
Administration.
[FR Doc. 2020–03144 Filed 2–13–20; 4:15 pm]
BILLING CODE 3510–33–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[TD 9891]
RIN 1545–BM95
Transfers of Certain Property by U.S.
Persons to Partnerships With Related
Foreign Partners; Correction
Internal Revenue Service (IRS),
Treasury.
ACTION: Final regulations; correction.
AGENCY:
This document contains a
correction to final regulations (T.D.
9891) that were published in the
Federal Register on Thursday, January
23, 2020. Treasury Decision 9891
contains final regulations that provide
guidance applicable to transfers of
appreciated property by U.S. persons to
SUMMARY:
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Need for Correction
As published, the final regulations
(TD 9891), contains errors that may
prove to be misleading and are in need
of clarification.
Correction to Publication
Accordingly, the final regulations (TD
9891), that are the subject of FR Doc.
2020–00383, in the issue of January 23,
2020 (85 FR 3833), are corrected as
follows:
■ 1. On page 3834, in the third column,
in the second and third sentence of the
second full paragraph, ‘‘PRS1 wholly
owns a domestic corporation (UST). In
Year 1, UST forms a new partnership
(PRS2); as part of the formation, UST
contributes section 721(c) property (as
defined in § 1.721(c)–1(b)(15)) in return
for a 90 percent interest in PRS2’s
capital and profits, and a U.S.
individual (unrelated to UST)
contributes cash in return for the
remaining interest in PRS2’s capital and
profits.’’ is corrected to read ‘‘PRS1
wholly owns a domestic corporation
(UST) and holds 90 percent of the
interests in a lower tier partnership’s
(PRS2) capital and profits. In Year 1,
UST and PRS2 form a new partnership
(PRS3); as part of the formation, UST
contributes section 721(c) property (as
defined in § 1.721(c)–1(b)(15)) in return
for a 90 percent interest in PRS3’s
capital and profits, and a U.S.
individual (unrelated to UST)
contributes cash in return for the
remaining interest in PRS3’s capital and
profits’’.
■ 2. On page 3834, in the third column,
the second line of the fourth partial
paragraph, ‘‘PRS2’’ is corrected to read
‘‘PRS3’’.
■ 3. On page 3835, in the first column,
the second line from the bottom of the
first full paragraph, ‘‘consequence,
PRS2’’ is corrected to read
‘‘consequence, PRS3’’.
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Federal Register / Vol. 85, No. 32 / Tuesday, February 18, 2020 / Rules and Regulations
4. On page 3835, in the third column,
the third line from the bottom of the
page, ‘‘filed before March 17’’ is
corrected to read ‘‘filed before July 17.’’
■
Martin V. Franks,
Chief, Publications and Regulations Branch,
Legal Processing Division, Associate Chief
Counsel, (Procedure and Administration).
[FR Doc. 2020–02654 Filed 2–14–20; 8:45 am]
BILLING CODE 4830–01–P
Paragraph 1. The authority citation
for part 1 continues to read in part as
follows:
■
Authority: 26 U.S.C. 7805 * * *
§ 1.721(c)–6
[Amended]
Internal Revenue Service
[FR Doc. 2020–02653 Filed 2–14–20; 8:45 am]
BILLING CODE 4830–01–P
26 CFR Part 1
[TD 9891]
I. Executive Summary
II. Background
III. Summary and Explanation
IV. Agency Determinations
A. Economic Analysis and Regulatory
Flexibility Analysis
B. Legal Considerations
C. Paperwork Reduction Act
D. Federalism
E. State Plans
F. Unfunded Mandates Reform Act of 1995
V. Authority and Signature
RIN 1545–BM95
DEPARTMENT OF LABOR
I. Executive Summary
Transfers of Certain Property by U.S.
Persons to Partnerships With Related
Foreign Partners; Correction
Occupational Safety and Health
Administration
This rule corrects certain minor errors
in 27 OSHA standards and regulations
in 29 CFR parts 1904, 1910, 1915, 1918,
and 1926. The corrections concern the
following regulations and standards: (a)
Recording and Reporting Injuries and
Illnesses Regulations—including: Partial
exemptions; annual summary of workrelated injuries and illnesses; and
definitions; (b) Occupational Safety and
Health Standards for General Industry—
including: Applicability of standards to
employments in territories; definition
and requirements for nationally
recognized testing laboratories;
electrical generation, transmission, and
distribution; lead; and cadmium; (c)
Occupational Safety and Health
Standards for Shipyard Employment—
eye and face protection against welding
radiation; (d) Safety and Health
Regulations for Longshoring—
recommended Specific Program
Elements for first aid training; and (e)
Safety and Health Regulations for
Construction—including: General safety
and health provisions concerning
applicability to employments in
territories; lead; hazardous waste
operations and emergency response;
electrical use of flexible cords and
cables; scaffolds; fall protection-roof
width determinations; helicoptershoists-elevators-and-conveyorspersonnel hoists; excavation-Appendix
A; steel erection-joists tables; metal
decking and shear connectors; fall
hazard training; underground
construction; electric power
transmission and distribution
definitions; asbestos; cadmium; and
cranes and derricks—routine access to
underground construction. The
corrections revise typographical errors,
including extraneous or omitted
materials and inaccurate graphics, in the
listed standards.
Internal Revenue Service (IRS),
Treasury.
ACTION: Correcting amendment.
AGENCY:
This document contains a
correction to final regulations (T.D.
9891) that were published in the
Federal Register on Thursday, January
23, 2020. Treasury Decision 9891
contains final regulations that provide
guidance applicable to transfers of
appreciated property by U.S. persons to
partnerships with foreign partners
related to the transferor.
DATES:
Effective date: These regulations are
effective February 18, 2020 and
applicable January 23, 2020.
Applicability dates: For dates of
applicability, see § 1.721(c)–6.
FOR FURTHER INFORMATION CONTACT:
Chadwick Rowland, (202) 317–6937
(not a toll-free number).
SUPPLEMENTARY INFORMATION:
SUMMARY:
Background
The final regulations (TD 9891) that
are the subject of this correction are
issued under section 721 of the Internal
Revenue Code.
Need for Correction
As published, January 23, 2020 (85 FR
3833), the final regulations (TD 9891)
contain an error that needs to be
corrected.
lotter on DSKBCFDHB2PROD with RULES
SUPPLEMENTARY INFORMATION:
Table of Contents
Par. 2. Section 1.721(c)–6(g)(3)(ii) is
amended by removing the date ‘‘March
17, 2020’’ and adding the date ‘‘July 17,
2020,’’ in its place.
■
Martin V. Franks,
Chief, Publications and Regulations Branch,
Legal Processing Division, Associate Chief
Counsel, (Procedure and Administration).
DEPARTMENT OF THE TREASURY
Electronic copies of these documents
are available at OSHA’s web page at
https://www.osha.gov.
List of Subjects in 26 CFR Part 1
Income taxes, reporting and
recordkeeping requirements.
Correction of Publication
Accordingly, 26 CFR part 1 is
corrected by making the following
corrected amendment:
VerDate Sep<11>2014
17:22 Feb 14, 2020
Jkt 250001
29 CFR Parts 1904, 1910, 1915, 1918,
and 1926
[Docket No. OSHA–2015–0012]
RIN 1218–AD12
OSHA Standards and Regulations;
Corrections
Occupational Safety and Health
Administration (OSHA), Labor.
ACTION: Final rule; correcting
amendments.
AGENCY:
In this rule OSHA is
correcting typographical errors,
including extraneous or omitted
materials and inaccurate graphics, in 27
OSHA standards and regulations. These
revisions do not affect the substantive
requirements or coverage of the
standards, do not modify or revoke
existing rights or obligations, and do not
establish new rights or obligations. The
purpose of these correcting amendments
is to reduce regulatory burdens by
correcting the inaccuracies in regulatory
text and graphics. This rule revises
standards in recordkeeping,
construction, general industry, shipyard
employment, and longshoring.
DATES: Effective February 18, 2020.
FOR FURTHER INFORMATION CONTACT:
General information and press
inquiries: Mr. Frank Meilinger, OSHA
Office of Communications, telephone:
(202) 693–1999; email:
meilinger.francis2@dol.gov.
Technical information: Mr. Garvin
Branch, Directorate of Construction;
telephone: (202) 693–2020; fax: (202)
693–1689; email: branch.garvin@
dol.gov.
ADDRESSES: Copies of this Federal
Register document and news releases:
SUMMARY:
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]]>Agencies
[Federal Register Volume 85, Number 32 (Tuesday, February 18, 2020)]
[Rules and Regulations]
[Pages 8725-8726]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-02654]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[TD 9891]
RIN 1545-BM95
Transfers of Certain Property by U.S. Persons to Partnerships
With Related Foreign Partners; Correction
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Final regulations; correction.
-----------------------------------------------------------------------
SUMMARY: This document contains a correction to final regulations (T.D.
9891) that were published in the Federal Register on Thursday, January
23, 2020. Treasury Decision 9891 contains final regulations that
provide guidance applicable to transfers of appreciated property by
U.S. persons to partnerships with foreign partners related to the
transferor.
DATES:
Effective date: These regulations are effective February 18, 2020
and applicable January 23, 2020.
Applicability dates: For dates of applicability, see Sec.
1.721(c)-6.
FOR FURTHER INFORMATION CONTACT: Chadwick Rowland, (202) 317-6937 (not
a toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The final regulations (TD 9891) that are the subject of this
correction are issued under section 721 of the Internal Revenue Code.
Need for Correction
As published, the final regulations (TD 9891), contains errors that
may prove to be misleading and are in need of clarification.
Correction to Publication
Accordingly, the final regulations (TD 9891), that are the subject
of FR Doc. 2020-00383, in the issue of January 23, 2020 (85 FR 3833),
are corrected as follows:
0
1. On page 3834, in the third column, in the second and third sentence
of the second full paragraph, ``PRS1 wholly owns a domestic corporation
(UST). In Year 1, UST forms a new partnership (PRS2); as part of the
formation, UST contributes section 721(c) property (as defined in Sec.
1.721(c)-1(b)(15)) in return for a 90 percent interest in PRS2's
capital and profits, and a U.S. individual (unrelated to UST)
contributes cash in return for the remaining interest in PRS2's capital
and profits.'' is corrected to read ``PRS1 wholly owns a domestic
corporation (UST) and holds 90 percent of the interests in a lower tier
partnership's (PRS2) capital and profits. In Year 1, UST and PRS2 form
a new partnership (PRS3); as part of the formation, UST contributes
section 721(c) property (as defined in Sec. 1.721(c)-1(b)(15)) in
return for a 90 percent interest in PRS3's capital and profits, and a
U.S. individual (unrelated to UST) contributes cash in return for the
remaining interest in PRS3's capital and profits''.
0
2. On page 3834, in the third column, the second line of the fourth
partial paragraph, ``PRS2'' is corrected to read ``PRS3''.
0
3. On page 3835, in the first column, the second line from the bottom
of the first full paragraph, ``consequence, PRS2'' is corrected to read
``consequence, PRS3''.
[[Page 8726]]
0
4. On page 3835, in the third column, the third line from the bottom of
the page, ``filed before March 17'' is corrected to read ``filed before
July 17.''
Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division,
Associate Chief Counsel, (Procedure and Administration).
[FR Doc. 2020-02654 Filed 2-14-20; 8:45 am]
BILLING CODE 4830-01-P
