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)

Page Range		34856-34857
FR Document		2015-14467

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 Issue 117 (Thursday, June 18, 2015)

[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

34856 Federal Register / Vol. 80, No. 117 / Thursday, June 18, 2015 / Proposed Rules

Airspace Docket No. 14–ASW–10.’’ The the current information in the FAA’s effective September 15, 2014 is
postcard will be date/time stamped and aeronautical database. amended as follows:
returned to the commenter. Class E airspace designations are Paragraph 6005 Class E Airspace Area
published in paragraph 6005, of FAA Extending Upward From 700 Feet or More
Availability of NPRMs
Order 7400.9Y, dated August 6, 2014, Above the Surface of the Earth
An electronic copy of this document and effective September 15, 2014, which * * * * *
may be downloaded through the is incorporated by reference in 14 CFR
Internet at http://www.regulations.gov. 71.1. The Class E airspace designation 14ASW TX E5 El Paso, TX [Amended]
Recently published rulemaking listed in this document will be Biggs AAF, (Fort Bliss)
documents can also be accessed through published subsequently in the Order. (lat. 31°50′59″ N., long. 106°22′48″ W.).
the FAA’s Web page at http:// El Paso International Airport, TX
Regulatory Notices and Analyses (lat. 31°48′26″ N., long. 106°22′35″ W.)
www.faa.gov/airports_airtraffic/air_ El Paso VORTAC
traffic/publications/airspace_ The FAA has determined that this (lat. 31°48′57″ N., long. 106°16′55″ W.).
amendments/. proposed regulation only involves an Class E airspace extending upward from
You may review the public docket established body of technical 700 feet above the surface within a 9.1-mile
containing the proposal, any comments regulations for which frequent and radius of Biggs AAF, and within a 8.4-mile
received and any final disposition in routine amendments are necessary to radius of El Paso International Airport, and
person in the Dockets Office (see keep them operationally current. It within 2 miles each side of the 050° bearing
ADDRESSES section for address and therefore, (1) is not a ‘‘significant from El Paso International Airport extending
regulatory action’’ under Executive from the 8.4-mile radius to 13 miles northeast
phone number) between 9:00 a.m. and of the airport, and within 1.6 miles each side
5:00 p.m., Monday through Friday, Order 12866; (2) is not a ‘‘significant
of the 093° radial of the El Paso VORTAC
except Federal holidays. An informal rule’’ under DOT Regulatory Policies extending from the 8.4-mile radius to 7.3
docket may also be examined during and Procedures (44 FR 11034; February miles east of the VORTAC.
normal business hours at the office of 26, 1979); and (3) does not warrant
the Central Service Center, 2601 preparation of a Regulatory Evaluation Issued in Fort Worth, TX on June 9, 2015.
Meacham Blvd., Fort Worth, TX 76137. as the anticipated impact is so minimal. Robert W. Beck,
Persons interested in being placed on Since this is a routine matter that will Manager, Operations Support Group, ATO
a mailing list for future NPRMs should only affect air traffic procedures and air Central Service Center.
contact the FAA’s Office of Rulemaking navigation, it is certified that this rule, [FR Doc. 2015–14810 Filed 6–17–15; 8:45 am]
(202) 267–9677, to request a copy of when promulgated, would not have a BILLING CODE 4910–13–P
Advisory Circular No. 11–2A, Notice of significant economic impact on a
Proposed Rulemaking Distribution substantial number of small entities
System, which describes the application under the criteria of the Regulatory DEPARTMENT OF THE TREASURY
procedure. Flexibility Act.
Internal Revenue Service
Availability and Summary of Environmental Review
Documents Proposed for Incorporation This proposal will be subject to an 26 CFR Part 1
by Reference environmental analysis in accordance
[REG–132634–14]
This document proposes to amend with FAA Order 1050.1E,
FAA Order 7400.9Y, Airspace ‘‘Environmental Impacts: Policies and RIN 1545–BM43
Designations and Reporting Points, Procedures’’ prior to any FAA final
regulatory action. Qualifying Income From Activities of
dated August 6, 2014, and effective Publicly Traded Partnerships With
September 15, 2014. FAA Order List of Subjects in 14 CFR Part 71 Respect to Minerals or Natural
7400.9Y is publicly available as listed in Resources; Correction
the ADDRESSES section of this proposed Airspace, Incorporation by reference,
rule. FAA Order 7400.9Y lists Class A, Navigation (Air). AGENCY: Internal Revenue Service (IRS),
B, C, D, and E airspace areas, air traffic The Proposed Amendment Treasury.
service routes, and reporting points. ACTION: Proposed rule; Correction.
In consideration of the foregoing, the
The Proposal Federal Aviation Administration SUMMARY: This document contains
proposes to amend 14 CFR part 71 as corrections to a notice of proposed
The FAA is proposing an amendment
follows: rulemaking (REG–132634–14) that was
to Title 14, Code of Federal Regulations
(14 CFR), Part 71 by removing Class E published in the Federal Register on
PART 71—DESIGNATION OF CLASS A, Wednesday, May 6, 2015 (80 FR 25970).
airspace extending upward from 700 B, C, D, AND E AIRSPACE AREAS; AIR
feet above the surface at West Texas The proposed rules provide guidance on
TRAFFIC SERVICE ROUTES; AND qualifying income from exploration,
Airport, El Paso, TX. This action is REPORTING POINTS
necessary due to the closure of the development, mining or production,
airport; therefore controlled airspace is processing, refining, transportation, and
■ 1. The authority citation for 14 CFR
no longer needed. Additionally, marketing of minerals or natural
part 71 continues to read as follows:
resources.
wreier-aviles on DSK5TPTVN1PROD with PROPOSALS

geographic coordinates for El Paso Authority: 49 U.S.C. 106(f), 106(g), 40103,
International Airport, would be changed DATES: Written or electronic comments
40113, 40120; E.O. 10854, 24 FR 9565, 3 CFR,
from (lat. 31°48′24″ N., long. 106°22′40″ 1959–1963 Comp., p. 389. and requests for a public hearing for the
W.) to (lat. 31°50′59″ N., long. notice of proposed rulemaking
106°22′48″ W.); and Biggs AAF § 71.1 [Amended] published at 80 FR 25970, May 6, 2015
coordinates would be changed from (lat. ■ 2. The incorporation by reference in are still being accepted and must be
31°50′58″ N., long. 106°22′48″ W.) to 14 CFR 71.1 of FAA Order 7400.9Y, received by August 4, 2015.
(lat. 31°50′59″ N., long. 106°22′48″ W.). Airspace Designations and Reporting ADDRESSES: Send submissions to:
These minor adjustments would reflect Points, dated August 6, 2014, and CC:PA:LPD:PR (REG–132634–14), Room

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Federal Register / Vol. 80, No. 117 / Thursday, June 18, 2015 / Proposed Rules 34857

5203, Internal Revenue Service, P.O. DEPARTMENT OF THE TREASURY Background on Viticultural Areas
Box 7604, Ben Franklin Station, TTB Authority
Washington, DC 20044. Submissions Alcohol and Tobacco Tax and Trade
may be hand-delivered Monday through Bureau Section 105(e) of the Federal Alcohol
Friday between the hours of 8 a.m. and Administration Act (FAA Act), 27
4 p.m. to CC:PA:LPD:PR (REG–132634– 27 CFR Part 9 U.S.C. 205(e), authorizes the Secretary
of the Treasury to prescribe regulations
14), Courier’s Desk, Internal Revenue [Docket No. TTB–2015–0009; Notice No. for the labeling of wine, distilled spirits,
Service, 1111 Constitution Avenue NW., 153] and malt beverages. The FAA Act
Washington, DC, or sent electronically, provides that these regulations should,
via the Federal eRulemaking Portal at RIN 1513–AC20
among other things, prohibit consumer
www.regulations.gov (IRS REG–132634– deception and the use of misleading
Proposed Establishment of the Loess
14). FOR FURTHER INFORMATION CONTACT: Hills District Viticultural Area statements on labels and ensure that
Caroline E. Hay at (202) 317–5279 (not labels provide the consumer with
a toll free number). AGENCY: Alcohol and Tobacco Tax and adequate information as to the identity
Trade Bureau, Treasury. and quality of the product. The Alcohol
SUPPLEMENTARY INFORMATION:
ACTION: Notice of proposed rulemaking. and Tobacco Tax and Trade Bureau
Background (TTB) administers the FAA Act
SUMMARY: The Alcohol and Tobacco Tax pursuant to section 1111(d) of the
The notice of proposed rulemaking and Trade Bureau (TTB) proposes to Homeland Security Act of 2002,
(REG–132634–14) that is the subject of establish the 12,897-square mile codified at 6 U.S.C. 531(d). The
these corrections is under section (8,254,151-acre) ‘‘Loess Hills District’’ Secretary has delegated various
7704(d)(1)(E) of the Internal Revenue viticultural area in western Iowa and authorities through Treasury
Code. northwestern Missouri. The proposed Department Order 120–01), dated
viticultural area is not located within, December 10, 2013, to the TTB
Need for Correction nor does it contain, any other Administrator to perform the functions
As published in the Federal Register established viticultural area. TTB and duties in the administration and
on Wednesday, May 6, 2015 (80 FR designates viticultural areas to allow enforcement of this law.
vintners to better describe the origin of Part 4 of the TTB regulations (27 CFR
25970), the notice of proposed
their wines and to allow consumers to part 4) authorizes the establishment of
rulemaking (REG–132634–14) contains
better identify wines they may definitive viticultural areas and the use
errors that may prove to be misleading purchase. TTB invites comments on this
and are in need of clarification. of their names as appellations of origin
proposed addition to its regulations. on wine labels and in wine
Correction of Publication DATES: Comments must be received by advertisements. Part 9 of the TTB
August 17, 2015. regulations (27 CFR part 9) sets forth
Accordingly, the notice of proposed standards for the preparation and
ADDRESSES: Please send your comments
rulemaking (REG–132634–14), that was submission of petitions for the
on this proposed rule to one of the
the subject of FR Doc. 2015–10592, is following addresses (please note that establishment or modification of
corrected as follows: TTB has a new address for comments American viticultural areas (AVAs) and
1. On page 25972, in the preamble, submitted by U.S. mail): lists the approved AVAs.
first column, under paragraph heading • Internet: http://www.regulations.gov Definition
‘‘D. Processing or Refining’’, sixteenth (via the online comment form for this
proposed rule as posted within Docket Section 4.25(e)(1)(i) of the TTB
line from the bottom of the first
No. TTB–2015–0009 at regulations (27 CFR 4.25(e)(1)(i)) defines
paragraph, the language ‘‘with Rev. Rul.
‘‘Regulations.gov,’’ the Federal e- a viticultural area for American wine as
87–56 (1987–2 CB 27)’’ is corrected to a delimited grape-growing region having
read ‘‘with Rev. Proc. 87–56 (1987–2 CB rulemaking portal);
• U.S. Mail: Director, Regulations and distinguishing features, as described in
674)’’. part 9 of the regulations, and a name
Rulings Division, Alcohol and Tobacco
§ 1.7704–4 [Corrected] Tax and Trade Bureau, 1310 G Street and a delineated boundary, as
NW., Box 12, Washington, DC 20005; or established in part 9 of the regulations.
2. On Page 25975, first column, the These designations allow vintners and
• Hand delivery/courier in lieu of
fifteenth and sixteenth lines of consumers to attribute a given quality,
mail: Alcohol and Tobacco Tax and
paragraph (c)(5)(i), the language reputation, or other characteristic of a
Trade Bureau, 1310 G Street NW., Suite
‘‘activity in accordance with Rev. Rul. wine made from grapes grown in an area
400, Washington, DC 20005.
87–56, 1987–2 CB 27 (see’’ is corrected See the Public Participation section of to the wine’s geographic origin. The
to read ‘‘activity in accordance with this proposed rule for specific establishment of AVAs allows vintners
Rev. Proc. 87–56, 1987–2 CB 674 (see’’. instructions and requirements for to describe more accurately the origin of
submitting comments, and for their wines to consumers and helps
Martin V. Franks, consumers to identify wines they may
Chief, Publications and Regulations Branch,
information on how to request a public
hearing or view or request copies of the purchase. Establishment of an AVA is
wreier-aviles on DSK5TPTVN1PROD with PROPOSALS

Legal Processing Division, Associate Chief neither an approval nor an endorsement
Counsel (Procedure and Administration). petition and supporting materials.
by TTB of the wine produced in that
[FR Doc. 2015–14467 Filed 6–17–15; 8:45 am] FOR FURTHER INFORMATION CONTACT:
area.
BILLING CODE 4830–01–P
Karen A. Thornton, Regulations and
Rulings Division, Alcohol and Tobacco Requirements
Tax and Trade Bureau, 1310 G Street Section 4.25(e)(2) of the TTB
NW., Box 12, Washington, DC 20005; regulations (27 CFR 4.25(e)(2)) outlines
phone 202–453–1039, ext. 175. the procedure for proposing an AVA
SUPPLEMENTARY INFORMATION: and provides that any interested party

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Document Created: 2018-02-22 11:11:49
Document Modified: 2018-02-22 11:11:49

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Proposed Rules
Action		Proposed rule; Correction.
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.
FR Citation		80 FR 34856
RIN Number		1545-BM43

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

DEPARTMENT OF THE TREASURYInternal Revenue Service

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

DEPARTMENT OF THE TREASURY
Internal Revenue Service