Guidance Involving Hybrid Arrangements and the Allocation of Deductions Attributable to Certain Disqualified Payments Under Section 951A (Global Intangible Low-Taxed Income); Correction, 48485 [2020-15857]

Download as PDF Federal Register / Vol. 85, No. 155 / Tuesday, August 11, 2020 / Proposed Rules (2) For service information identified in this AD, contact Rolls-Royce Corporation, 450 South Meridian Street, Mail Code NB– 01–06, Indianapolis, IN 46225; phone: 317– 230–1667; email: CMSEindyOSD@rollsroyce.com; internet: www.rolls-royce.com. You may view this referenced service information at the FAA, Airworthiness Products Section, Operational Safety Branch, 1200 District Avenue, Burlington, MA 01803. For information on the availability of this material at the FAA, call 781–238–7759. Issued on August 5, 2020. Lance T. Gant, Director, Compliance & Airworthiness Division, Aircraft Certification Service. Accordingly, the notice of proposed rulemaking (REG–106013–19) that was the subject of FR Doc. 2020–05923, published at 85 FR 19858 (April 8, 2020), is corrected to read as follows: [Corrected] 1. On page 19872, first column, the fifth line of paragraph (c)(6)(i), the language ‘‘allocated or’’ is corrected to read ‘‘allocated and’’. ■ 2. On page 19872, the third line from the bottom of paragraph (c)(6)(iv)(A)(2), the language, ‘‘allocated or’’ is corrected to read ‘‘allocated and’’. ■ 3. On page 19873, third column, the third line of paragraph (c)(6)(iv)(B)(2), the language, ‘‘are allocated or’’ is corrected to read ‘‘are allocated and’’. DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Part 1 [REG–106013–19] RIN 1545–BP22 Guidance Involving Hybrid Arrangements and the Allocation of Deductions Attributable to Certain Disqualified Payments Under Section 951A (Global Intangible Low-Taxed Income); Correction Internal Revenue Service (IRS), Treasury. ACTION: Correction to a notice of proposed rulemaking. AGENCY: This document contains a correction to a notice of proposed rulemaking that was published in the Federal Register on April 8, 2020. The proposed regulations that adjust hybrid deduction accounts to take into account earnings and profits of a controlled foreign corporation that are included in income by a United States shareholder. DATES: This correction is effective on August 11, 2020 and is applicable beginning April 8, 2020. FOR FURTHER INFORMATION CONTACT: Concerning the proposed regulations under section 951A, Jorge M. Oben at (202) 317–6934; concerning all other proposed regulations, Richard F. Owens at (202) 317–6501 (not toll-free numbers). SUMMARY: SUPPLEMENTARY INFORMATION: Background The proposed regulations that are the subject of this correction are under section 245A of the Internal Revenue Code. Jkt 250001 Correction of Publication ■ BILLING CODE 4910–13–P 16:20 Aug 10, 2020 As published, the notice of proposed regulations (REG–106013–19) contained errors that need to be corrected. § 1.951A–2 [FR Doc. 2020–17389 Filed 8–10–20; 8:45 am] VerDate Sep<11>2014 Need for Correction Martin V. Franks, Branch Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, (Procedure and Administration). [FR Doc. 2020–15857 Filed 8–10–20; 8:45 am] BILLING CODE 4830–01–P ENVIRONMENTAL PROTECTION AGENCY 40 CFR Part 62 [EPA–R06–OAR–2020–0357; FRL–10012– 53–Region 6] Approval and Promulgation of State Air Quality Plans for Designated Facilities and Pollutants; Arkansas, New Mexico, and AlbuquerqueBernalillo County, New Mexico; Control of Emissions From Existing Commercial and Industrial Solid Waste Incineration Units Environmental Protection Agency (EPA). ACTION: Proposed rule. AGENCY: Pursuant to the Federal Clean Air Act (CAA or the Act), the Environmental Protection Agency (EPA) is notifying the public that we have received CAA section 111(d)/129 negative declarations from Arkansas, New Mexico, and AlbuquerqueBernalillo County, New Mexico, for existing incinerators subject to the Commercial and Industrial Solid Waste Incineration units (CISWI) emission guidelines (EG). These negative declarations certify that incinerators subject to CISWI EG and the SUMMARY: PO 00000 Frm 00006 Fmt 4702 Sfmt 4702 48485 requirements of sections 111(d) and 129 of the CAA do not exist within the jurisdictions of Arkansas, New Mexico, and Albuquerque-Bernalillo County. The EPA is proposing to accept the negative declarations and amend the CFR in accordance with the requirements of the CAA. DATES: Written comments must be received on or before September 10, 2020. ADDRESSES: Submit your comments, identified by Docket No. EPA–R06– OAR–2020–0357, at https:// www.regulations.gov or via email to ruan-lei.karolina@epa.gov. Follow the online instructions for submitting comments. Once submitted, comments cannot be edited or removed from Regulations.gov. The EPA may publish any comment received to its public docket. Do not submit electronically any information you consider to be Confidential Business Information (CBI) or other information whose disclosure is restricted by statute. Multimedia submissions (audio, video, etc.) must be accompanied by a written comment. The written comment is considered the official comment and should include discussion of all points you wish to make. The EPA will generally not consider comments or comment contents located outside of the primary submission (i.e. on the web, cloud, or other file sharing system). For additional submission methods, please contact Karolina Ruan Lei, (214) 665– 7346, ruan-lei.karolina@epa.gov. For the full EPA public comment policy, information about CBI or multimedia submissions, and general guidance on making effective comments, please visit https://www.epa.gov/dockets/ commenting-epa-dockets. Docket: The index to the docket for this action is available electronically at www.regulations.gov. While all documents in the docket are listed in the index, some information may not be publicly available due to docket file size restrictions or content (e.g., CBI). FOR FURTHER INFORMATION CONTACT: Karolina Ruan Lei, EPA Region 6 Office, Air and Radiation Division—State Planning and Implementation Branch, (214) 665–7346, ruan-lei.karolina@ epa.gov. Out of an abundance of caution for members of the public and our staff, the EPA Region 6 office will be closed to the public to reduce the risk of transmitting COVID–19. We encourage the public to submit comments via https://www.regulations.gov, as there will be a delay in processing mail and no courier or hand deliveries will be accepted. Please call or email the contact listed above if you need E:\FR\FM\11AUP1.SGM 11AUP1

Agencies

[Federal Register Volume 85, Number 155 (Tuesday, August 11, 2020)]
[Proposed Rules]
[Page 48485]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-15857]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-106013-19]
RIN 1545-BP22


Guidance Involving Hybrid Arrangements and the Allocation of 
Deductions Attributable to Certain Disqualified Payments Under Section 
951A (Global Intangible Low-Taxed Income); Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to a notice of proposed rulemaking.

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SUMMARY: This document contains a correction to a notice of proposed 
rulemaking that was published in the Federal Register on April 8, 2020. 
The proposed regulations that adjust hybrid deduction accounts to take 
into account earnings and profits of a controlled foreign corporation 
that are included in income by a United States shareholder.

DATES: This correction is effective on August 11, 2020 and is 
applicable beginning April 8, 2020.

FOR FURTHER INFORMATION CONTACT: Concerning the proposed regulations 
under section 951A, Jorge M. Oben at (202) 317-6934; concerning all 
other proposed regulations, Richard F. Owens at (202) 317-6501 (not 
toll-free numbers).

SUPPLEMENTARY INFORMATION:

Background

    The proposed regulations that are the subject of this correction 
are under section 245A of the Internal Revenue Code.

Need for Correction

    As published, the notice of proposed regulations (REG-106013-19) 
contained errors that need to be corrected.

Correction of Publication

    Accordingly, the notice of proposed rulemaking (REG-106013-19) that 
was the subject of FR Doc. 2020-05923, published at 85 FR 19858 (April 
8, 2020), is corrected to read as follows:


Sec.  1.951A-2   [Corrected]

0
1. On page 19872, first column, the fifth line of paragraph (c)(6)(i), 
the language ``allocated or'' is corrected to read ``allocated and''.
0
2. On page 19872, the third line from the bottom of paragraph 
(c)(6)(iv)(A)(2), the language, ``allocated or'' is corrected to read 
``allocated and''.
0
3. On page 19873, third column, the third line of paragraph 
(c)(6)(iv)(B)(2), the language, ``are allocated or'' is corrected to 
read ``are allocated and''.

Martin V. Franks,
Branch Chief, Publications and Regulations Branch, Legal Processing 
Division, Associate Chief Counsel, (Procedure and Administration).
[FR Doc. 2020-15857 Filed 8-10-20; 8:45 am]
BILLING CODE 4830-01-P