Department of the Treasury August 2012 – Federal Register Recent Federal Regulation Documents

Actions Taken Pursuant to Executive Order 13382
Document Number: 2012-18823
Type: Notice
Date: 2012-08-07
Agency: Department of the Treasury, Office of Foreign Assets Control
The Treasury Department's Office of Foreign Assets Control (``OFAC'') is unblocking and removing three entities from OFAC's list of Specially Designated Nationals and Blocked Persons (``SDN List''), whose property and interests in property were blocked pursuant to Executive Order 13382 of June 28, 2005, ``Blocking Property of Weapons of Mass Destruction Proliferators and Their Supporters.'' OFAC is also announcing the unblocking and removal from the SDN List of seven vessels, which were property blocked pursuant to Executive Order 13382 of June 28, 2005.
Branded Prescription Drug Fee; Hearing
Document Number: 2012-19074
Type: Proposed Rule
Date: 2012-08-06
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document provides notice of public hearing on proposed regulations relating to the branded prescription drug fee imposed by the Affordable Care Act.
Proposed Information Collection Comment Request
Document Number: 2012-18948
Type: Notice
Date: 2012-08-03
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)).
Proposed Information Collection; Comment Request
Document Number: 2012-18946
Type: Notice
Date: 2012-08-03
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)).
Deductions for Entertainment Use of Business Aircraft
Document Number: 2012-18693
Type: Rule
Date: 2012-08-01
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains final regulations relating to the use of business aircraft for entertainment. These final regulations affect taxpayers that deduct expenses for entertainment, amusement, or recreation provided to specified individuals. The final regulations reflect statutory amendments under the American Jobs Creation Act of 2004 (AJCA) and the Gulf Opportunity Zone Act of 2005 (GOZA).
Reimbursed Entertainment Expenses
Document Number: 2012-18691
Type: Proposed Rule
Date: 2012-08-01
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains proposed regulations explaining the exception to the deduction limitations on certain expenditures paid or incurred under reimbursement or other expense allowance arrangements. These proposed regulations affect taxpayers that pay or receive advances, allowances, or reimbursements under reimbursement or other expense allowance arrangements. These proposed regulations clarify the rules for these arrangements.
Extension of Import Restrictions on Archaeological Objects and Ecclesiastical and Ritual Ethnological Materials From Cyprus; Correction
Document Number: 2012-18670
Type: Rule
Date: 2012-08-01
Agency: Department of Homeland Security, U.S. Customs and Border Protection, Department of the Treasury
On July 13, 2012, U.S. Customs and Border Protection (CBP) published in the Federal Register a final rule reflecting an extension of import restrictions on certain archaeological and ethnological materials from Cyprus and announcing that the Designated List of materials covered by the restrictions has been revised. The Designated List and the regulatory text in that document contain language which is inadvertently not consistent with the rest of the document as to the historical period that the import restrictions cover for ecclesiastical and ritual ethnological materials from Cyprus. This document corrects the inconsistent language to clarify that ecclesiastical and ritual ethnological materials from Cyprus representing the Byzantine and Post Byzantine periods, dating from approximately the 4th century A.D. to 1850 A.D., are subject to the import restrictions.
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