Guidance on Passive Foreign Investment Companies; Correction, 9445 [2022-03611]

Download as PDF 9445 Federal Register / Vol. 87, No. 35 / Tuesday, February 22, 2022 / Rules and Regulations date is not required under 5 U.S.C. 553(d)(3). Regulatory Flexibility Act Because no notice of proposed rulemaking is required, the provisions of the Regulatory Flexibility Act (5 U.S.C. 601 et seq.) do not apply. Executive Order 12866 CBP has determined that this document is not a regulation or rule subject to the provisions of Executive Order 12866 because it pertains to a foreign affairs function of the United States, as described above, and therefore is specifically exempted by section 3(d)(2) of Executive Order 12866. delegate) to approve regulations related to customs revenue functions. Chris Magnus, the Commissioner of CBP, having reviewed and approved this document, is delegating the authority to electronically sign this document to Robert F. Altneu, who is the Director of the Regulations and Disclosure Law Division for CBP, for purposes of publication in the Federal Register. List of Subjects in 19 CFR Part 12 Cultural property, Customs duties and inspection, Imports, Prohibited merchandise, Reporting and recordkeeping requirements. Signing Authority Amendment to CBP Regulations This regulation is being issued in accordance with 19 CFR 0.1(a)(1) pertaining to the Secretary of the Treasury’s authority (or that of his/her For the reasons set forth above, part 12 of title 19 of the Code of Federal Regulations (19 CFR part 12), is amended as set forth below: 1. The general authority citation for part 12 and the specific authority for § 12.104g continue to read as follows: ■ Authority: 5 U.S.C. 301; 19 U.S.C. 66, 1202 (General Note 3(i), Harmonized Tariff Schedule of the United States (HTSUS)), 1624. * * * * * * * * § 12.104g Specific items or categories designated by agreements or emergency actions. * * * (b) * * * * Afghanistan ............................................ Archaeological and ethnological material from Afghanistan .................................. * Robert F. Altneu, Director, Regulations & Disclosure Law Division, Regulations & Rulings, Office of Trade U.S. Customs and Border Protection. Timothy E. Skud, Deputy Assistant Secretary of the Treasury. * * These corrections are effective on February 22, 2022, and applicable on or after January 25, 2022. FOR FURTHER INFORMATION CONTACT: Edward J. Tracy at (202) 317–6934 (not a toll-free number). SUPPLEMENTARY INFORMATION: BILLING CODE 9111–14–P * Decision No. DATES: [FR Doc. 2022–03663 Filed 2–18–22; 8:45 am] * 2. In § 12.104g, the table in paragraph (b) is amended by adding Afghanistan to the list in alphabetical order to read as follows: ■ Cultural property * * Sections 12.104 through 12.104i also issued under 19 U.S.C. 2612; State party * Background CBP Dec. 22–04. * § 1.958–1 * [Corrected] Par. 2. Section 1.958–1(d)(3)(iii)(B)(3) is corrected by removing the word ‘‘note’’ and adding the word ‘‘account’’ in its place. ■ Oluwafunmilayo A. Taylor, Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, (Procedure and Administration). The final regulations (TD 9960) subject to this correction are issued under section 951 of the Internal Revenue Code. [FR Doc. 2022–03611 Filed 2–18–22; 8:45 am] 26 CFR Part 1 Need for Correction DEPARTMENT OF DEFENSE [TD 9960] As published on January 25, 2022 (87 FR 3648), the final regulations (TD 9960) contain errors that need to be corrected. Department of the Navy DEPARTMENT OF THE TREASURY Internal Revenue Service RIN 1545–BO59 Guidance on Passive Foreign Investment Companies; Correction List of Subjects in 26 CFR Part 1 Internal Revenue Service (IRS), Treasury. ACTION: Correcting amendment. Income taxes, Reporting and recordkeeping requirements. This document contains corrections to the final regulations Treasury Decision 9960 published in the Federal Register on Tuesday, January 25, 2022. The final regulations regarding the treatment of domestic partnerships for purposes of determining amounts included in the gross income of their partners with respect to foreign corporations. Accordingly, 26 CFR part 1 is corrected by making the following correcting amendments: AGENCY: SUMMARY: lotter on DSK11XQN23PROD with RULES1 PART 12—SPECIAL CLASSES OF MERCHANDISE VerDate Sep<11>2014 16:05 Feb 18, 2022 Jkt 256001 Correction of Publication PART 1—INCOME TAXES Paragraph 1. The authority citation for part 1 continues to read in part as follows: ■ Authority: 26 U.S.C. 7805 * * * PO 00000 Frm 00021 Fmt 4700 Sfmt 4700 BILLING CODE 4830–01–P 32 CFR Part 744 [Docket ID: USN–2020–HQ–0005] RIN 0703–AB27 Policies and Procedures for the Protection of Proprietary Rights in Technical Information Proposed for Release to Foreign Governments Department of the Navy, Department of Defense (DoD). ACTION: Final rule. AGENCY: This final rule removes the Navy regulation on the Policies and Procedures for the Protection of Proprietary Rights in Technical Information Proposed for Release to SUMMARY: E:\FR\FM\22FER1.SGM 22FER1

Agencies

[Federal Register Volume 87, Number 35 (Tuesday, February 22, 2022)]
[Rules and Regulations]
[Page 9445]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-03611]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9960]
RIN 1545-BO59


Guidance on Passive Foreign Investment Companies; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correcting amendment.

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SUMMARY: This document contains corrections to the final regulations 
Treasury Decision 9960 published in the Federal Register on Tuesday, 
January 25, 2022. The final regulations regarding the treatment of 
domestic partnerships for purposes of determining amounts included in 
the gross income of their partners with respect to foreign 
corporations.

DATES: These corrections are effective on February 22, 2022, and 
applicable on or after January 25, 2022.

FOR FURTHER INFORMATION CONTACT: Edward J. Tracy at (202) 317-6934 (not 
a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The final regulations (TD 9960) subject to this correction are 
issued under section 951 of the Internal Revenue Code.

Need for Correction

    As published on January 25, 2022 (87 FR 3648), the final 
regulations (TD 9960) contain errors that need to be corrected.

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 
correcting amendments:

PART 1--INCOME TAXES

0
Paragraph 1. The authority citation for part 1 continues to read in 
part as follows:

    Authority:  26 U.S.C. 7805 * * *


Sec.  1.958-1  [Corrected]

0
Par. 2. Section 1.958-1(d)(3)(iii)(B)(3) is corrected by removing the 
word ``note'' and adding the word ``account'' in its place.

Oluwafunmilayo A. Taylor,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel, (Procedure and Administration).
[FR Doc. 2022-03611 Filed 2-18-22; 8:45 am]
BILLING CODE 4830-01-P

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