Recapture of Excess Employment Tax Credits Under the American Relief Plan Act of 2021, 50687-50689 [2021-19523]
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Federal Register / Vol. 86, No. 173 / Friday, September 10, 2021 / Proposed Rules
Reauthorization Act (Pub. L. 108–176),
which established a joint planning and
development office in the FAA to
manage the work related to the Next
Generation Air Transportation System
(NextGen). Today, NextGen is an
ongoing FAA-led modernization of the
nation’s air transportation system to
make flying safer, more efficient, and
more predictable.
In support of the NextGen efforts to
improve the safety and efficiency of the
NAS, the Las Vegas Metroplex Project
recently established a new RNAV route,
Q–174, to serve the Las Vegas Terminal
Area arrivals in conjunction with new
standard terminal arrival routes. There
are two existing airways, Q–162 and Q–
166, which had been utilized for the
same purpose as Q–174, but no longer
provide the necessary connectivity to
the new procedures. The FAA proposes
to revoke RNAV routes Q–162 and Q–
166, since these routes no longer serve
a purpose in the NAS.
Policies and Procedures (44 FR 11034;
February 26, 1979); and (3) does not
warrant preparation of a regulatory
evaluation as the anticipated impact is
so minimal. Since this is a routine
matter that will only affect air traffic
procedures and air navigation, it is
certified that this proposed rule, when
promulgated, will not have a significant
economic impact on a substantial
number of small entities under the
criteria of the Regulatory Flexibility Act.
The Proposal
The FAA is proposing an amendment
to 14 CFR part 71 to revoke RNAV
routes Q–162 and Q–166 due to the
establishment of RNAV route Q–174
that provides better connectivity to the
new Las Vegas Terminal Arrival routes.
The proposed changes are outlined
below.
Q–162: Q–162 currently navigates
between the NTELL, CA waypoint (WP)
and the MYCAL, NV WP. The FAA
proposes to revoke the route in its
entirety.
Q–166: Q–166 currently navigates
between the VIKSN, CA WP and the
BIKKR, CA WP. The FAA proposes to
revoke the route in its entirety.
United States Area Navigation routes
are published in paragraph 2006 of FAA
Order 7400.11E dated July 21, 2020 and
effective September 15, 2020, which is
incorporated by reference in 14 CFR
71.1. The RNAV routes listed in this
document would be published
subsequently in the Order.
FAA Order 7400.11, Airspace
Designations and Reporting Points, is
published yearly and effective on
September 15.
The Proposed Amendment
Regulatory Notices and Analyses
The FAA has determined that this
proposed regulation only involves an
established body of technical
regulations for which frequent and
routine amendments are necessary to
keep them operationally current. It,
therefore: (1) Is not a ‘‘significant
regulatory action’’ under Executive
Order 12866; (2) is not a ‘‘significant
rule’’ under Department of
Transportation (DOT) Regulatory
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17:18 Sep 09, 2021
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This proposal will be subject to an
environmental analysis in accordance
with FAA Order 1050.1F,
‘‘Environmental Impacts: Policies and
Procedures’’ prior to any FAA final
regulatory action.
List of Subjects in 14 CFR Part 71
Airspace, Incorporation by reference,
Navigation (air).
In consideration of the foregoing, the
Federal Aviation Administration
proposes to amend 14 CFR part 71 as
follows:
PART 71—DESIGNATION OF CLASS A,
B, C, D, AND E AIRSPACE AREAS; AIR
TRAFFIC SERVICE ROUTES; AND
REPORTING POINTS
1. The authority citation for part 71
continues to read as follows:
■
Authority: 49 U.S.C. 106(f), 106(g); 40103,
40113, 40120; E.O. 10854, 24 FR 9565, 3 CFR,
1959–1963 Comp., p. 389.
[Amended]
2. The incorporation by reference in
14 CFR 71.1 of FAA Order 7400.11E,
Airspace Designations and Reporting
Points, dated July 21, 2020, and
effective September 15, 2020, is
amended as follows:
■
Paragraph 2006 United States Area
Navigation Routes.
*
*
*
*
*
Q–162 NTELL, CA TO MYCAL, NV
[Remove]
*
*
*
*
*
Q–166 VIKSN, CA TO BIKKR, CA
[Remove]
*
*
*
*
*
Issued in Washington, DC, on August 3,
2021.
George Gonzalez,
Acting Manager, Rules and Regulations
Group.
[FR Doc. 2021–19512 Filed 9–9–21; 8:45 am]
BILLING CODE 4910–13–P
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 31
[REG–109077–21]
RIN 1545–BQ08
Recapture of Excess Employment Tax
Credits Under the American Relief Plan
Act of 2021
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice of proposed rulemaking
by cross-reference to temporary
regulations.
AGENCY:
Environmental Review
§ 71.1
50687
In the Rules and Regulations
section of this issue of the Federal
Register, the IRS is issuing temporary
regulations pursuant to the regulatory
authority granted under sections 3131,
3132, and 3134 of the Internal Revenue
Code, added by sections 9641 and 9651
of the American Rescue Plan Act of
2021, to prescribe regulations as may be
necessary for recapturing the benefit of
the employment tax credits provided
under these sections when necessary
and to prevent the avoidance of the
purposes of the limitations under these
sections. These proposed regulations
affect businesses and tax-exempt
organizations, as well as certain
governmental entities, that claim the
paid sick leave credit and the paid
family leave credit under sections 3131
and 3132, respectively, and that claim
the employee retention credit under
section 3134. The text of those
temporary regulations serves as the text
of these proposed regulations.
DATES: Written or electronic comments
and requests for a public hearing must
be received by November 9, 2021.
ADDRESSES: Commenters are strongly
encouraged to submit public comments
electronically. Submit electronic
submissions via the Federal
eRulemaking Portal at
www.regulations.gov (indicate IRS and
REG–109077–21) by following the
online instructions for submitting
comments. Once submitted to the
Federal eRulemaking Portal, comments
cannot be edited or withdrawn. The IRS
expects to have limited personnel
available to process public comments
that are submitted on paper through the
mail. Until further notice, any
comments submitted on paper will be
considered to the extent practicable.
The Department of the Treasury
(Treasury Department) and the IRS will
publish for public availability any
comment submitted electronically, and
to the extent practicable on paper, to its
SUMMARY:
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50688
Federal Register / Vol. 86, No. 173 / Friday, September 10, 2021 / Proposed Rules
public docket. Send paper submissions
to: CC:PA:LPD:PR (REG–109077–21),
room 5203, Internal Revenue Service,
PO Box 7604, Ben Franklin Station,
Washington, DC 20044.
Requests for a public hearing must be
submitted as prescribed in the
Comments and Requests for a Public
Hearing section.
FOR FURTHER INFORMATION CONTACT:
Concerning the proposed regulations,
NaLee Park at (202) 317–6879;
concerning submissions of comments
and/or requests for a public hearing,
Regina Johnson at (202) 317–5177 (not
toll-free numbers).
SUPPLEMENTARY INFORMATION:
Background and Explanation of
Provisions
Temporary regulations in the Rules
and Regulations section of this issue of
the Federal Register amend the
Employment Taxes and Collection of
Income at the Source Regulations (26
CFR part 31) under sections 3131, 3132,
and 3134 of the Internal Revenue Code
(Code) pursuant to the regulatory
authority granted under these sections
to prescribe regulations as may be
necessary for recapturing the benefit of
the employment tax credits provided
under these sections when necessary
and to prevent the avoidance of the
purposes of the limitations under these
sections. Consistent with this authority,
these proposed regulations authorize the
assessment of erroneous refunds of the
credits paid under sections 3131, 3132
(including any increases in those credits
under section 3133), and 3134. The text
of those temporary regulations also
serves as the text of these proposed
regulations. The preamble to the
temporary regulations explains the
amendments.
jbell on DSKJLSW7X2PROD with PROPOSALS
Special Analyses
The Office of Management and
Budget’s Office of Information and
Regulatory Analysis has determined that
these regulations are not significant and
not subject to review under section 6(b)
of Executive Order 12866.
Pursuant to the Regulatory Flexibility
Act (5 U.S.C. chapter 6), the Secretary
certifies that these proposed regulations
will not have a significant economic
impact on a substantial number of small
entities because these proposed
regulations impose no compliance
burden on any business entities,
including small entities. Although these
proposed regulations will apply to all
employers eligible for the credits under
sections 3131, 3132, and 3134,
including small businesses and taxexempt organizations with fewer than
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500 employees as well as certain
governmental employers, and therefore
are likely to affect a substantial number
of small entities, the economic impact
will not be significant. These proposed
regulations do not affect the employer’s
employment tax reporting or the
necessary information to substantiate
entitlement to the credits. Rather, these
proposed regulations merely implement
the statutory authority granted under
sections 3131(g), 3132 (g), 3134(j), and
3134(m) that authorize the Service to
assess, reconcile, and recapture any
portion of the credits erroneously paid
or refunded in excess of the actual
amount allowed as if those amounts
were taxes imposed under section
3111(b) (the Hospital Insurance tax
(Medicare tax)), and so much of the
taxes imposed under section 3221(a)
(the Railroad Retirement Tax Act Tier 1
tax) as are attributable to the rate in
effect under section 3111(b), as
applicable, subject to assessment and
administrative collection procedures.
Notwithstanding this certification, the
Treasury Department and the IRS invite
comments on any impact these
regulations would have on small
entities.
Pursuant to section 7805(f), this
notice of proposed rulemaking has been
submitted to the Chief Counsel of the
Office of Advocacy of the Small
Business Administration for comment
on its impact on small business.
Comments and Requests for Public
Hearing
Before these proposed regulations are
adopted as final regulations,
consideration will be given to any
comments that are timely submitted to
the IRS as prescribed in the preamble
under the ADDRESSES section. The
Treasury Department and the IRS
request comments on all aspects of these
proposed regulations. Any electronic
comments submitted, and to the extent
practicable any paper comments
submitted, will be made available at
www.regulations.gov or upon request.
A public hearing will be scheduled if
requested in writing by any person who
timely submits electronic or written
comments. Requests for a hearing are
strongly encouraged to be submitted
electronically. If a public hearing is
scheduled, notice of the date and time
for the public hearing will be published
in the Federal Register. Announcement
2020–4, 2020–17 IRB 1, provides that
until further notice, public hearings
conducted by the IRS will be held
telephonically. Any telephonic hearing
will be made accessible to people with
disabilities.
PO 00000
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Statement of Availability of IRS
Documents
IRS notices and other guidance cited
in this preamble are published in the
Internal Revenue Bulletin (or
Cumulative Bulletin) and are available
from the Superintendent of Documents,
U.S. Government Publishing Office,
Washington, DC 20402, or by visiting
the IRS website at https://www.irs.gov.
Drafting Information
The principal author of these
regulations is NaLee Park, Office of the
Associate Chief Counsel (Employee
Benefits, Exempt Organizations, and
Employment Taxes). However, other
personnel from the Treasury
Department and the IRS participated in
the development of these regulations.
List of Subjects in 26 CFR Part 31
Employment taxes, Income taxes,
Penalties, Pensions, Railroad retirement,
Reporting and recordkeeping
requirements, Social security,
Unemployment compensation.
Proposed Amendments to the
Regulations
Accordingly, 26 CFR part 31 is
proposed to be amended as follows:
PART 31—EMPLOYMENT TAXES AND
COLLECTION OF INCOME TAX AT
SOURCE
Paragraph 1. The authority citation
for part 31 is amended by adding entries
for §§ 31.3131–1, 31.3132–1, and
31.3134–1 in numerical order to read in
part as follows:
■
Authority: 26 U.S.C. 7805.
*
*
*
*
*
Section 31.3131–1 also issued under 26
U.S.C. 3131(g).
Section 31.3132–1 also issued under 26
U.S.C. 3132(g).
Section 31.3134–1 also issued under 26
U.S.C. 3134(m)(3).
*
*
*
*
*
Par. 2. Section 31.3131–1 is added to
read as follows:
■
§ 31.3131–1
Recapture of credits.
[The text of proposed § 31.3131–1 is
the same as the text of § 31.3131–1T
published elsewhere in this issue of the
Federal Register].
■ Par. 3. Section 31.3132–1 is added to
read as follows:
§ 31.3132–1
Recapture of credits.
[The text of proposed § 31.3132–1 is
the same as the text of § 31.3132–1T
published elsewhere in this issue of the
Federal Register].
■ Par. 4. Section 31.3134–1 is added to
read as follows:
E:\FR\FM\10SEP1.SGM
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Federal Register / Vol. 86, No. 173 / Friday, September 10, 2021 / Proposed Rules
§ 31.3134–1
Recapture of credits.
[The text of proposed § 31.3134–1 is
the same as the text of § 31.3134–1T
published elsewhere in this issue of the
Federal Register].
Douglas W. O’Donnell,
Deputy Commissioner for Services and
Enforcement.
[FR Doc. 2021–19523 Filed 9–8–21; 4:15 pm]
BILLING CODE 4830–01–P
GENERAL SERVICES
ADMINISTRATION
48 CFR Parts 501, 502, 511, 539, 552,
and 570
[GSAR Case 2016–G511; Docket No. 2021–
0018; Sequence No. 1]
RIN 3090–AJ84
General Services Acquisition
Regulation (GSAR); GSAR Case 2016–
G511, Contract Requirements for GSA
Information Systems
Office of Acquisition Policy,
General Services Administration (GSA).
ACTION: Proposed rule.
AGENCY:
GSA is proposing to amend
the General Services Administration
Acquisition Regulation (GSAR) to
streamline and update requirements for
contracts that involve GSA information
systems. The revision of GSA’s
cybersecurity and other information
technology requirements will lead to the
elimination of a duplicative and
outdated provision and clause from the
GSAR. The proposed rule will replace
the outdated text with existing policies
of the GSA Office of the Chief
Information Officer (OCIO) and provide
centralized guidance to ensure
consistent application across the
organization. The updated GSA policy
will align cybersecurity requirements
based on the items being procured by
ensuring contract requirements are
coordinated with GSA’s Chief
Information Security Officer.
DATES: Interested parties should submit
written comments to the Regulatory
Secretariat at one of the addresses
shown below on or before November 9,
2021 to be considered in the formation
of the final rule.
ADDRESSES: Submit comments in
response to GSAR case 2016–G511 to:
Regulations.gov: https://
www.regulations.gov. Submit comments
via the Federal eRulemaking portal by
searching for ‘‘GSAR Case 2016–G511’’.
Select the link ‘‘Comment Now’’ that
corresponds with GSAR Case 2016–
G511. Follow the instructions provided
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SUMMARY:
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17:18 Sep 09, 2021
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at the ‘‘Comment Now’’ screen. Please
include your name, company name (if
any), and ‘‘GSAR Case 2016–G511’’ on
your attached document. If your
comment cannot be submitted using
https://www.regulations.gov, call or
email the points of contact in the FOR
FURTHER INFORMATION CONTACT section of
this document for alternate instructions.
Instructions: Please submit comments
only and cite GSAR Case 2016–G511 in
all correspondence related to this case.
Comments received generally will be
posted without change to https://
www.regulations.gov, including any
personal and/or business confidential
information provided. To confirm
receipt of your comment(s), please
check https://www.regulations.gov
approximately two-to-three days after
submission to verify posting.
FOR FURTHER INFORMATION CONTACT: Ms.
Johnnie McDowell, Procurement
Analyst, at 202–718–6112 or
gsarpolicy@gsa.gov, for clarification of
content. For information pertaining to
status or publication schedules, contact
the Regulatory Secretariat Division at
202–501–4755 or gsaregsec@gsa.gov.
Please cite GSAR Case 2016–G511.
SUPPLEMENTARY INFORMATION:
I. Background
GSA’s cybersecurity requirements
mandate that contractors protect the
confidentiality, integrity, and
availability of unclassified GSA
information and information systems
from cybersecurity vulnerabilities and
threats. This rule will require
contracting officers to incorporate
applicable GSA cybersecurity
requirements within the statement of
work to ensure compliance with Federal
cybersecurity requirements and
implement best practices for preventing
cyber incidents. These GSA
requirements mandate applicable
controls and standards (e.g., U.S.
National Institute of Standards and
Technology, U.S. National Archives and
Records Administration Controlled
Unclassified Information standards).
In general, the proposed changes are
necessary to bring long-standing GSA
information system practices into the
GSAR, consolidating policy into one
area. Because of that consolidation,
contractors may need less time and
fewer resources to read and understand
all the requirements relevant to their
contract.
GSA is proposing to amend the GSAR
to revise sections of GSAR part 511,
Describing Agency Needs, part 539,
Acquisition Information Technology,
and other related parts; to maintain
consistency with the Federal
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50689
Acquisition Regulation (FAR); and to
incorporate and consolidate existing
cybersecurity and other information
technology requirements previously
implemented through various Office of
the Chief Information Officer (OCIO) or
agency policies.
II. Authority for This Rulemaking
Title 40 of the United States Code
(U.S.C.) Section 121 authorizes GSA to
issue regulations, including the GSAR,
to control the relationship between GSA
and contractors.
III. Discussion and Analysis
The proposed rule changes fall into
three categories: (1) Streamlining
existing agency information technology
(IT) security policies previously issued
through the OCIO into one consolidated
cybersecurity requirements policy titled
CIO IT Security Procedural Guide 09–
48: Security and Privacy Requirements
for IT Acquisition Efforts; (2)
consolidating existing agency nonsecurity IT policies previously issued
through the OCIO into one streamlined
requirements policy titled CIO 12–2018:
IT Policy Requirements Guide; and (3)
eliminating the GSAR provision
552.239–70, Information Technology
Security Plan and Security
Authorization, and GSAR clause
552.239–71, Security Requirements for
Unclassified Information Technology
Resources. The changes to the GSAR
included in this proposed rule are
summarized below:
1. Streamlining IT Security Policies Into
CIO IT Security Procedural Guide 09–
48: Security and Privacy Requirements
for IT Acquisition Efforts
GSA’s internal information systems
policies will be incorporated into
subpart 511.171, Requirements for GSA
Information Systems, requiring GSA
contracting officers to:
• Incorporate the applicable sections
or complete version of the CIO IT
Security Procedural Guide 09–48:
Security and Privacy Requirements for
IT Acquisition Efforts, and CIO 12–2018,
IT Policy Requirements Guide, into GSA
solicitations (i.e., Statement of Work, or
equivalent); and
• Coordinate with the GSA OCIO for
applicable procurements.
The new guidance will also establish
a waiver process for cases where it is
not effective from a cost or timing
standpoint or where it is unreasonably
burdensome.
The streamlining of the policy into
subpart 511.171 will also replace the
general instruction found in GSAR
511.102, Security of Information Data,
with more detailed instruction, and
E:\FR\FM\10SEP1.SGM
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]]>Agencies
[Federal Register Volume 86, Number 173 (Friday, September 10, 2021)]
[Proposed Rules]
[Pages 50687-50689]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-19523]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 31
[REG-109077-21]
RIN 1545-BQ08
Recapture of Excess Employment Tax Credits Under the American
Relief Plan Act of 2021
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice of proposed rulemaking by cross-reference to temporary
regulations.
-----------------------------------------------------------------------
SUMMARY: In the Rules and Regulations section of this issue of the
Federal Register, the IRS is issuing temporary regulations pursuant to
the regulatory authority granted under sections 3131, 3132, and 3134 of
the Internal Revenue Code, added by sections 9641 and 9651 of the
American Rescue Plan Act of 2021, to prescribe regulations as may be
necessary for recapturing the benefit of the employment tax credits
provided under these sections when necessary and to prevent the
avoidance of the purposes of the limitations under these sections.
These proposed regulations affect businesses and tax-exempt
organizations, as well as certain governmental entities, that claim the
paid sick leave credit and the paid family leave credit under sections
3131 and 3132, respectively, and that claim the employee retention
credit under section 3134. The text of those temporary regulations
serves as the text of these proposed regulations.
DATES: Written or electronic comments and requests for a public hearing
must be received by November 9, 2021.
ADDRESSES: Commenters are strongly encouraged to submit public comments
electronically. Submit electronic submissions via the Federal
eRulemaking Portal at www.regulations.gov (indicate IRS and REG-109077-
21) by following the online instructions for submitting comments. Once
submitted to the Federal eRulemaking Portal, comments cannot be edited
or withdrawn. The IRS expects to have limited personnel available to
process public comments that are submitted on paper through the mail.
Until further notice, any comments submitted on paper will be
considered to the extent practicable. The Department of the Treasury
(Treasury Department) and the IRS will publish for public availability
any comment submitted electronically, and to the extent practicable on
paper, to its
[[Page 50688]]
public docket. Send paper submissions to: CC:PA:LPD:PR (REG-109077-21),
room 5203, Internal Revenue Service, PO Box 7604, Ben Franklin Station,
Washington, DC 20044.
Requests for a public hearing must be submitted as prescribed in
the Comments and Requests for a Public Hearing section.
FOR FURTHER INFORMATION CONTACT: Concerning the proposed regulations,
NaLee Park at (202) 317-6879; concerning submissions of comments and/or
requests for a public hearing, Regina Johnson at (202) 317-5177 (not
toll-free numbers).
SUPPLEMENTARY INFORMATION:
Background and Explanation of Provisions
Temporary regulations in the Rules and Regulations section of this
issue of the Federal Register amend the Employment Taxes and Collection
of Income at the Source Regulations (26 CFR part 31) under sections
3131, 3132, and 3134 of the Internal Revenue Code (Code) pursuant to
the regulatory authority granted under these sections to prescribe
regulations as may be necessary for recapturing the benefit of the
employment tax credits provided under these sections when necessary and
to prevent the avoidance of the purposes of the limitations under these
sections. Consistent with this authority, these proposed regulations
authorize the assessment of erroneous refunds of the credits paid under
sections 3131, 3132 (including any increases in those credits under
section 3133), and 3134. The text of those temporary regulations also
serves as the text of these proposed regulations. The preamble to the
temporary regulations explains the amendments.
Special Analyses
The Office of Management and Budget's Office of Information and
Regulatory Analysis has determined that these regulations are not
significant and not subject to review under section 6(b) of Executive
Order 12866.
Pursuant to the Regulatory Flexibility Act (5 U.S.C. chapter 6),
the Secretary certifies that these proposed regulations will not have a
significant economic impact on a substantial number of small entities
because these proposed regulations impose no compliance burden on any
business entities, including small entities. Although these proposed
regulations will apply to all employers eligible for the credits under
sections 3131, 3132, and 3134, including small businesses and tax-
exempt organizations with fewer than 500 employees as well as certain
governmental employers, and therefore are likely to affect a
substantial number of small entities, the economic impact will not be
significant. These proposed regulations do not affect the employer's
employment tax reporting or the necessary information to substantiate
entitlement to the credits. Rather, these proposed regulations merely
implement the statutory authority granted under sections 3131(g), 3132
(g), 3134(j), and 3134(m) that authorize the Service to assess,
reconcile, and recapture any portion of the credits erroneously paid or
refunded in excess of the actual amount allowed as if those amounts
were taxes imposed under section 3111(b) (the Hospital Insurance tax
(Medicare tax)), and so much of the taxes imposed under section 3221(a)
(the Railroad Retirement Tax Act Tier 1 tax) as are attributable to the
rate in effect under section 3111(b), as applicable, subject to
assessment and administrative collection procedures. Notwithstanding
this certification, the Treasury Department and the IRS invite comments
on any impact these regulations would have on small entities.
Pursuant to section 7805(f), this notice of proposed rulemaking has
been submitted to the Chief Counsel of the Office of Advocacy of the
Small Business Administration for comment on its impact on small
business.
Comments and Requests for Public Hearing
Before these proposed regulations are adopted as final regulations,
consideration will be given to any comments that are timely submitted
to the IRS as prescribed in the preamble under the ADDRESSES section.
The Treasury Department and the IRS request comments on all aspects of
these proposed regulations. Any electronic comments submitted, and to
the extent practicable any paper comments submitted, will be made
available at www.regulations.gov or upon request.
A public hearing will be scheduled if requested in writing by any
person who timely submits electronic or written comments. Requests for
a hearing are strongly encouraged to be submitted electronically. If a
public hearing is scheduled, notice of the date and time for the public
hearing will be published in the Federal Register. Announcement 2020-4,
2020-17 IRB 1, provides that until further notice, public hearings
conducted by the IRS will be held telephonically. Any telephonic
hearing will be made accessible to people with disabilities.
Statement of Availability of IRS Documents
IRS notices and other guidance cited in this preamble are published
in the Internal Revenue Bulletin (or Cumulative Bulletin) and are
available from the Superintendent of Documents, U.S. Government
Publishing Office, Washington, DC 20402, or by visiting the IRS website
at https://www.irs.gov.
Drafting Information
The principal author of these regulations is NaLee Park, Office of
the Associate Chief Counsel (Employee Benefits, Exempt Organizations,
and Employment Taxes). However, other personnel from the Treasury
Department and the IRS participated in the development of these
regulations.
List of Subjects in 26 CFR Part 31
Employment taxes, Income taxes, Penalties, Pensions, Railroad
retirement, Reporting and recordkeeping requirements, Social security,
Unemployment compensation.
Proposed Amendments to the Regulations
Accordingly, 26 CFR part 31 is proposed to be amended as follows:
PART 31--EMPLOYMENT TAXES AND COLLECTION OF INCOME TAX AT SOURCE
0
Paragraph 1. The authority citation for part 31 is amended by adding
entries for Sec. Sec. 31.3131-1, 31.3132-1, and 31.3134-1 in numerical
order to read in part as follows:
Authority: 26 U.S.C. 7805.
* * * * *
Section 31.3131-1 also issued under 26 U.S.C. 3131(g).
Section 31.3132-1 also issued under 26 U.S.C. 3132(g).
Section 31.3134-1 also issued under 26 U.S.C. 3134(m)(3).
* * * * *
0
Par. 2. Section 31.3131-1 is added to read as follows:
Sec. 31.3131-1 Recapture of credits.
[The text of proposed Sec. 31.3131-1 is the same as the text of
Sec. 31.3131-1T published elsewhere in this issue of the Federal
Register].
0
Par. 3. Section 31.3132-1 is added to read as follows:
Sec. 31.3132-1 Recapture of credits.
[The text of proposed Sec. 31.3132-1 is the same as the text of
Sec. 31.3132-1T published elsewhere in this issue of the Federal
Register].
0
Par. 4. Section 31.3134-1 is added to read as follows:
[[Page 50689]]
Sec. 31.3134-1 Recapture of credits.
[The text of proposed Sec. 31.3134-1 is the same as the text of
Sec. 31.3134-1T published elsewhere in this issue of the Federal
Register].
Douglas W. O'Donnell,
Deputy Commissioner for Services and Enforcement.
[FR Doc. 2021-19523 Filed 9-8-21; 4:15 pm]
BILLING CODE 4830-01-P
