2020 Tax Information for Use in the Revenue Shortfall Allocation Method, 31547-31548 [2021-12440]

Download as PDF 31547 Federal Register / Vol. 86, No. 112 / Monday, June 14, 2021 / Notices 2021–008 and should be submitted on or before July 6, 2021. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.34 J. Matthew DeLesDernier, Assistant Secretary. [FR Doc. 2021–12338 Filed 6–11–21; 8:45 am] BILLING CODE 8011–01–P DEPARTMENT OF STATE [Public Notice: 11440] Notice of Public Meeting As required by the Federal Advisory Committee Act, Public Law 92–463, the Department of State gives notice of a meeting of the Advisory Committee on International Postal and Delivery Services. This Committee will meet virtually on Thursday, July 15, 2021, from 1:00 p.m. to 5:00 p.m. Eastern Time, hosted on a Webex platform, meeting number 199 494 5652, code ddMnU572653 (33668572 from phones). Members of the public interested in providing input to the meeting should contact Ms. Shereece Robinson, whose contact information is listed below (see the FOR FURTHER INFORMATION section of this notice). Individuals providing oral input are requested to limit their comments to five minutes. Requests to be added to the speakers list must be received in writing (by email) prior to the close of business on Thursday, July 8, 2021; written comments from members of the public for distribution at this meeting must reach Ms. Robinson by email on this same date. Requests received after that date, including any requests for reasonable accommodation, will be considered but might not be able to be fulfilled. The agenda of the meeting will focus on U.S. positions on issues for the 27th Congress of the Universal Postal Union, currently scheduled for August 9–27 in Abidjan, Cote d’Ivoire. Issues under consideration at the Congress include modifications to the rules of procedure to allow hybrid (i.e., mixed virtual and physically present) Congresses, the opening of the UPU to wider postal sector actors, reform of the system of member states’ contributions, and interpretation of the 2019 Geneva accord on compensation for E-format items. FOR FURTHER INFORMATION CONTACT: Please contact Ms. Shereece Robinson of the Office of Specialized and Technical Agencies (IO/STA), Bureau of International Organization Affairs, U.S. Department of State, at tel. (202) 538– 4442 or by email at RobinsonSA2@ state.gov. Zachary A. Parker, Director, Office of Directives Management, U.S. Department of State. [FR Doc. 2021–12434 Filed 6–11–21; 8:45 am] BILLING CODE 4710–19–P SURFACE TRANSPORTATION BOARD [Docket No. EP 682 (Sub-No. 12)] 2020 Tax Information for Use in the Revenue Shortfall Allocation Method Surface Transportation Board. Notice. AGENCY: ACTION: The Board is publishing, and providing the public an opportunity to comment on, the 2020 weighted average state tax rates for each Class I railroad, as calculated by the Association of American Railroads (AAR), for use in the Revenue Shortfall Allocation Method (RSAM). DATES: Comments are due by July 14, 2021. If any comments opposing AAR’s calculation are filed, AAR’s reply will be due by August 3, 2021. If no comments are filed by July 14, 2021, AAR’s calculation of the 2020 weighted average state tax rates will be automatically adopted by the Board, effective July 15, 2021. ADDRESSES: Comments should be filed with the Surface Transportation Board via e-filing on the Board’s website. SUMMARY: FOR FURTHER INFORMATION CONTACT: Nathaniel Bawcombe at (202) 245–0376. Assistance for the hearing impaired is available through the Federal Relay Service at (800) 877–8339. The RSAM figure is one of three benchmarks that together are used to determine the reasonableness of a challenged rate under the Board’s Simplified Standards for Rail Rate Cases, EP 646 (Sub-No. 1), slip op. at 10 (STB served Sept. 5, 2007),1 as further revised in Simplified Standards for Rail Rate Cases—Taxes in Revenue Shortfall Allocation Method (Simplified Standards—Taxes in RSAM), EP 646 (Sub-No. 2) (STB served Nov. 21, 2008). RSAM is intended to measure the average markup that the railroad would need to collect from all of its ‘‘potentially captive traffic’’ (traffic with a revenue-to-variable-cost ratio above 180%) to earn adequate revenues as measured by the Board under 49 U.S.C. 10704(a)(2) (i.e., earn a return on investment equal to the railroad industry cost of capital). Simplified Standards—Taxes in RSAM, EP 646 (Sub-No. 2), slip op. at 1. In Simplified Standards—Taxes in RSAM, EP 646 (Sub-No. 2), slip op. at 3, 5, the Board modified its RSAM formula to account for taxes, as the prior formula mistakenly compared pre-tax and aftertax revenues. In that decision, the Board stated that it would institute a separate proceeding in which Class I railroads would be required to submit the annual tax information necessary for the Board’s annual RSAM calculation. Id. at 5–6. Pursuant to 49 CFR 1135.2, AAR is required to annually calculate and submit to the Board the weighted average state tax rate for each Class I railroad for the previous year. On May 28, 2021, AAR filed its calculation of the weighted average state tax rates for 2020, listed below for each Class I railroad: SUPPLEMENTARY INFORMATION: WEIGHTED AVERAGE STATE TAX RATES 2020 (%) lotter on DSK11XQN23PROD with NOTICES1 Railroad BNSF Railway Company ............................................................................................................. CSX Transportation, Inc .............................................................................................................. Grand Trunk Corporation ............................................................................................................. The Kansas City Southern Railway Company ............................................................................ Norfolk Southern Combined Railroad Subsidiaries ..................................................................... Soo Line Corporation ................................................................................................................... 34 17 CFR 200.30–3(a)(12). VerDate Sep<11>2014 17:26 Jun 11, 2021 5.119 5.101 8.124 5.139 5.713 8.122 1 Aff’d sub nom. CSX Transp., Inc. v. STB, 568 F.3d 236 (D.C. Cir. 2009), vacated in part on reh’g, 584 F.3d 1076 (D.C. Cir. 2009). Jkt 253001 PO 00000 Frm 00071 Fmt 4703 Sfmt 4703 E:\FR\FM\14JNN1.SGM 14JNN1 2019 (%) 5.234 5.097 8.129 5.711 5.697 8.181 % Change ¥0.115 0.004 ¥0.005 ¥0.572 0.016 ¥0.059 31548 Federal Register / Vol. 86, No. 112 / Monday, June 14, 2021 / Notices WEIGHTED AVERAGE STATE TAX RATES—Continued 2020 (%) Railroad Union Pacific Railroad Company ................................................................................................. Any party wishing to comment on AAR’s calculation of the 2020 weighted average state tax rates should file a comment by July 14, 2021. See 49 CFR 1135.2(c). If any comments opposing AAR’s calculations are filed, AAR’s reply will be due by August 3, 2021. Id. If any comments are filed, the Board will review AAR’s submission, together with the comments, and serve a decision within 60 days of the close of the record that either accepts, rejects, or modifies AAR’s railroad-specific tax information. Id. If no comments are filed by July 14, 2021, AAR’s submitted weighted average state tax rates will be automatically adopted by the Board, effective July 15, 2021. Id. Decided: June 9, 2021. By the Board, Scott M. Zimmerman, Acting Director, Office of Proceedings. Jeffrey Herzig, Clearance Clerk. [FR Doc. 2021–12440 Filed 6–11–21; 8:45 am] BILLING CODE 4915–01–P DEPARTMENT OF TRANSPORTATION Federal Aviation Administration Public Notice for Waiver of Aeronautical Land Use Assurance; Rogue Valley International-Medford Airport, Medford, Oregon Federal Aviation Administration, (FAA), DOT. ACTION: Notice. lotter on DSK11XQN23PROD with NOTICES1 [FR Doc. 2021–12421 Filed 6–11–21; 8:45 am] Notice is being given that the FAA is considering a proposal from the County of Jackson Airport Director to change certain portions of the airport from aeronautical use to nonaeronautical use at Rogue Valley International-Medford Airport, Medford, Oregon. The proposal consists of portions of certain parcels located northwest and southwest of the airfield. DATES: Comments are due within 30 days of the date of the publication of this notice in the Federal Register. Emailed comments can be provided to Ms. Mandi M. Lesauis, Program Specialist, Seattle Airports District Office, mandi.lesauis@faa.gov. FOR FURTHER INFORMATION CONTACT: Mr. Jerry Brienza, Airport Director, County of 1000 Terminal Loop Parkway, VerDate Sep<11>2014 17:26 Jun 11, 2021 Jkt 253001 Under the provisions of Title 49, U.S.C. 47153(c), and 47107(h)(2), the FAA is considering a proposal from the Airport Director, County of Jackson, to change a portion of the Rogue Valley InternationalMedford Airport from aeronautical use to non-aeronautical use. The proposal consists of 8.1 acres of Parcel APE 2–01, 1.5 acres of Parcel 2–02 and 1.6 acres of Parcel 2–03 located off of Lawnsdale and Bullock Roads and 6 acres of Parcel 3–01 and 2.3 acres of Parcel 3–02 located off of Biddle Road. The partial parcels are vacant, landlocked and do not have airfield access. The proposed property will be developed for commercial purposes. The FAA concurs that the parcels are no longer needed for aeronautical purposes. The proposed use of this property is compatible with other airport operations in accordance with FAA’s Policy and Procedures Concerning the Use of Airport Revenue, published in Federal Register on February 16, 1999. SUPPLEMENTARY INFORMATION: Issued in Des Moines, Washington, on June 9, 2021. Warren D. Ferrell, Acting Manager, Seattle Airports District Office. AGENCY: SUMMARY: Medford, OR 97504; or Mandi M. Lesauis, Program Specialist, Seattle Airports District Office, 2200 S 216 St., Des Moines, WA, 98198, mandi.lesauis@faa.gov, (206) 231–4140. Documents reflecting this FAA action may be reviewed at the above locations. BILLING CODE 4910–13–P DEPARTMENT OF TRANSPORTATION Federal Highway Administration Notice of Availability of the Draft Environmental Impact Statement for the El Camino Real Roadway Renewal Project, in San Mateo County, California Federal Highway Administration (FHWA), U.S. Department of Transportation (DOT). AGENCY: Notice of Availability (NOA) of a Draft Environmental Impact Statement (Draft EIS) for the El Camino Real Roadway Renewal Project. ACTION: PO 00000 Frm 00072 Fmt 4703 Sfmt 4703 5.598 2019 (%) 5.714 % Change ¥0.116 The Federal Highway Administration (FHWA), on behalf of the California Department of Transportation (Caltrans), is issuing this notice to advise the public that a Draft EIS is available for the El Camino Real Roadway Renewal Project (ECR Project), a proposed highway project on State Route 82 in San Mateo County, California. SUMMARY: This notice will be accompanied by a minimum 45-day public comment period from June 18, 2021, to August 2, 2021. The deadline for public comments is 5:00 p.m. (PST) on August 2, 2021. Caltrans will be holding an online meeting on Wednesday, July 14, 2021 from 5:30 to 7:30 p.m. In addition, an on-site public meeting will be held on Friday, July 16, 2021 at the Burlingame High School Athletic Field, 1 Mangini Way, Burlingame, California 94010 from 5:30 to 7:30 p.m. The link to the online meeting will be on the project website: https://dot.ca.gov/caltrans-near-me/ district-4/d4-projects/d4-san-mateo-82el-camino-real-project or www.ElCaminoRealProject.com. Through the project website, the public will be able to link to a downloadable version of the Draft EIS, view ECR Project exhibits and simulations of the Build and No Build Alternatives, and access links to previous public outreach materials and presentations. Questions or comments during the online meeting will not be considered public comments on the Draft EIS, but comments will be accepted separately in writing through email at ECRproject@dot.ca.gov or USPS at the address below. Comments received in writing during the public comment period will become part of the ECR Project administrative record and will be addressed in the Final EIS, scheduled for Spring 2022. The ECR Project setting includes, but is not limited to, the Howard-Ralston Eucalyptus Tree Rows, and other historic resources in the project area that are on, or eligible for, the National Register of Historic Places. The Draft EIS will disclose the range of alternatives considered, those that were eliminated from further study, and the Build Alternative being considered along with the No Build Alternative. The Draft EIS will summarize the public scoping process, a summary of the public comments received, and DATES: E:\FR\FM\14JNN1.SGM 14JNN1

Agencies

[Federal Register Volume 86, Number 112 (Monday, June 14, 2021)]
[Notices]
[Pages 31547-31548]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-12440]


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SURFACE TRANSPORTATION BOARD

[Docket No. EP 682 (Sub-No. 12)]


2020 Tax Information for Use in the Revenue Shortfall Allocation 
Method

AGENCY: Surface Transportation Board.

ACTION: Notice.

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SUMMARY: The Board is publishing, and providing the public an 
opportunity to comment on, the 2020 weighted average state tax rates 
for each Class I railroad, as calculated by the Association of American 
Railroads (AAR), for use in the Revenue Shortfall Allocation Method 
(RSAM).

DATES: Comments are due by July 14, 2021. If any comments opposing 
AAR's calculation are filed, AAR's reply will be due by August 3, 2021. 
If no comments are filed by July 14, 2021, AAR's calculation of the 
2020 weighted average state tax rates will be automatically adopted by 
the Board, effective July 15, 2021.

ADDRESSES: Comments should be filed with the Surface Transportation 
Board via e-filing on the Board's website.

FOR FURTHER INFORMATION CONTACT: Nathaniel Bawcombe at (202) 245-0376. 
Assistance for the hearing impaired is available through the Federal 
Relay Service at (800) 877-8339.

SUPPLEMENTARY INFORMATION: The RSAM figure is one of three benchmarks 
that together are used to determine the reasonableness of a challenged 
rate under the Board's Simplified Standards for Rail Rate Cases, EP 646 
(Sub-No. 1), slip op. at 10 (STB served Sept. 5, 2007),\1\ as further 
revised in Simplified Standards for Rail Rate Cases--Taxes in Revenue 
Shortfall Allocation Method (Simplified Standards--Taxes in RSAM), EP 
646 (Sub-No. 2) (STB served Nov. 21, 2008). RSAM is intended to measure 
the average markup that the railroad would need to collect from all of 
its ``potentially captive traffic'' (traffic with a revenue-to-
variable-cost ratio above 180%) to earn adequate revenues as measured 
by the Board under 49 U.S.C. 10704(a)(2) (i.e., earn a return on 
investment equal to the railroad industry cost of capital). Simplified 
Standards--Taxes in RSAM, EP 646 (Sub-No. 2), slip op. at 1. In 
Simplified Standards--Taxes in RSAM, EP 646 (Sub-No. 2), slip op. at 3, 
5, the Board modified its RSAM formula to account for taxes, as the 
prior formula mistakenly compared pre-tax and after-tax revenues. In 
that decision, the Board stated that it would institute a separate 
proceeding in which Class I railroads would be required to submit the 
annual tax information necessary for the Board's annual RSAM 
calculation. Id. at 5-6.
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    \1\ Aff'd sub nom. CSX Transp., Inc. v. STB, 568 F.3d 236 (D.C. 
Cir. 2009), vacated in part on reh'g, 584 F.3d 1076 (D.C. Cir. 
2009).
---------------------------------------------------------------------------

    Pursuant to 49 CFR 1135.2, AAR is required to annually calculate 
and submit to the Board the weighted average state tax rate for each 
Class I railroad for the previous year. On May 28, 2021, AAR filed its 
calculation of the weighted average state tax rates for 2020, listed 
below for each Class I railroad:

                                        Weighted Average State Tax Rates
----------------------------------------------------------------------------------------------------------------
                            Railroad                                 2020 (%)        2019 (%)        % Change
----------------------------------------------------------------------------------------------------------------
BNSF Railway Company............................................           5.119           5.234          -0.115
CSX Transportation, Inc.........................................           5.101           5.097           0.004
Grand Trunk Corporation.........................................           8.124           8.129          -0.005
The Kansas City Southern Railway Company........................           5.139           5.711          -0.572
Norfolk Southern Combined Railroad Subsidiaries.................           5.713           5.697           0.016
Soo Line Corporation............................................           8.122           8.181          -0.059

[[Page 31548]]

 
Union Pacific Railroad Company..................................           5.598           5.714          -0.116
----------------------------------------------------------------------------------------------------------------

    Any party wishing to comment on AAR's calculation of the 2020 
weighted average state tax rates should file a comment by July 14, 
2021. See 49 CFR 1135.2(c). If any comments opposing AAR's calculations 
are filed, AAR's reply will be due by August 3, 2021. Id. If any 
comments are filed, the Board will review AAR's submission, together 
with the comments, and serve a decision within 60 days of the close of 
the record that either accepts, rejects, or modifies AAR's railroad-
specific tax information. Id. If no comments are filed by July 14, 
2021, AAR's submitted weighted average state tax rates will be 
automatically adopted by the Board, effective July 15, 2021. Id.

    Decided: June 9, 2021.

    By the Board, Scott M. Zimmerman, Acting Director, Office of 
Proceedings.
Jeffrey Herzig,
Clearance Clerk.
[FR Doc. 2021-12440 Filed 6-11-21; 8:45 am]
BILLING CODE 4915-01-P