80 FR 34856 - Qualifying Income From Activities of Publicly Traded Partnerships With Respect to Minerals or Natural Resources; Correction

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 80, Issue 117 (June 18, 2015)

This document contains corrections to a notice of proposed rulemaking (REG-132634-14) that was published in the Federal Register on Wednesday, May 6, 2015 (80 FR 25970). The proposed rules provide guidance on qualifying income from exploration, development, mining or production, processing, refining, transportation, and marketing of minerals or natural resources.

[Federal Register Volume 80, Number 117 (Thursday, June 18, 2015)]
[Proposed Rules]
[Pages 34856-34857]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-14467]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-132634-14]
RIN 1545-BM43


Qualifying Income From Activities of Publicly Traded Partnerships 
With Respect to Minerals or Natural Resources; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Proposed rule; Correction.

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SUMMARY: This document contains corrections to a notice of proposed 
rulemaking (REG-132634-14) that was published in the Federal Register 
on Wednesday, May 6, 2015 (80 FR 25970). The proposed rules provide 
guidance on qualifying income from exploration, development, mining or 
production, processing, refining, transportation, and marketing of 
minerals or natural resources.

DATES: Written or electronic comments and requests for a public hearing 
for the notice of proposed rulemaking published at 80 FR 25970, May 6, 
2015 are still being accepted and must be received by August 4, 2015.

ADDRESSES: Send submissions to: CC:PA:LPD:PR (REG-132634-14), Room

[[Page 34857]]

5203, Internal Revenue Service, P.O. Box 7604, Ben Franklin Station, 
Washington, DC 20044. Submissions may be hand-delivered Monday through 
Friday between the hours of 8 a.m. and 4 p.m. to CC:PA:LPD:PR (REG-
132634-14), Courier's Desk, Internal Revenue Service, 1111 Constitution 
Avenue NW., Washington, DC, or sent electronically, via the Federal 
eRulemaking Portal at www.regulations.gov (IRS REG-132634-14). FOR 
FURTHER INFORMATION CONTACT: Caroline E. Hay at (202) 317-5279 (not a 
toll free number).

SUPPLEMENTARY INFORMATION: 

Background

    The notice of proposed rulemaking (REG-132634-14) that is the 
subject of these corrections is under section 7704(d)(1)(E) of the 
Internal Revenue Code.

Need for Correction

    As published in the Federal Register on Wednesday, May 6, 2015 (80 
FR 25970), the notice of proposed rulemaking (REG-132634-14) contains 
errors that may prove to be misleading and are in need of 
clarification.

Correction of Publication

    Accordingly, the notice of proposed rulemaking (REG-132634-14), 
that was the subject of FR Doc. 2015-10592, is corrected as follows:
    1. On page 25972, in the preamble, first column, under paragraph 
heading ``D. Processing or Refining'', sixteenth line from the bottom 
of the first paragraph, the language ``with Rev. Rul. 87-56 (1987-2 CB 
27)'' is corrected to read ``with Rev. Proc. 87-56 (1987-2 CB 674)''.


Sec.  1.7704-4  [Corrected]

    2. On Page 25975, first column, the fifteenth and sixteenth lines 
of paragraph (c)(5)(i), the language ``activity in accordance with Rev. 
Rul. 87-56, 1987-2 CB 27 (see'' is corrected to read ``activity in 
accordance with Rev. Proc. 87-56, 1987-2 CB 674 (see''.

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2015-14467 Filed 6-17-15; 8:45 am]
BILLING CODE 4830-01-P