80 FR 45466 - Issue Price Definition for Tax-Exempt Bonds; Correction

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 80, Issue 146 (July 30, 2015)

Page Range		45466-45467
FR Document		2015-18614

This document contains corrections to partial withdrawal of notice of proposed rulemaking, notice of proposed rulemaking, and notice of public hearing; correction (REG-138526-14) that were published in the Federal Register on Wednesday, June 24, 2015 (80 FR 36301). The partial withdrawal of notice of proposed rulemaking, notice of proposed rulemaking, and notice of public hearing are relating to the definition of issue price for purposes of the arbitrage restrictions under section 148 of the Internal Revenue Code (Code).

Federal Register, Volume 80 Issue 146 (Thursday, July 30, 2015)

[Federal Register Volume 80, Number 146 (Thursday, July 30, 2015)]
[Proposed Rules]
[Pages 45466-45467]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-18614]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-138526-14]
RIN 1545-BM46


Issue Price Definition for Tax-Exempt Bonds; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Partial withdrawal of notice of proposed rulemaking, notice of 
proposed rulemaking, and notice of public hearing; correction.

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SUMMARY: This document contains corrections to partial withdrawal of 
notice of proposed rulemaking, notice of proposed rulemaking, and 
notice of public hearing; correction (REG-138526-14) that were 
published in the Federal Register on Wednesday, June 24, 2015 (80 FR 
36301). The partial withdrawal of notice of proposed rulemaking, notice 
of proposed rulemaking, and notice of public hearing are relating to 
the definition of issue price for purposes of the arbitrage 
restrictions under section 148 of the Internal Revenue Code (Code).

DATES: Written or electronic comments and requests for a public hearing 
for the notice of proposed rulemaking published at 80 FR 36301, June 
24, 2015, are still being accepted and must be received by September 
22, 2015.

FOR FURTHER INFORMATION CONTACT: Lewis Bell at (202) 317-6980 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION: 

Background

    The notice of proposed rulemaking that is the subject of this 
correction is under section 148 of the Internal Revenue Code.

Need for Correction

    As published in the Wednesday, June 24, 2015 (80 FR 36301) partial 
withdrawal of notice of proposed rulemaking, notice of proposed

[[Page 45467]]

rulemaking, and notice of public hearing (REG-138526-14) contains an 
error that may prove to be misleading, and is in need of clarification.

Correction of Publication

    Accordingly, the partial withdrawal of notice of proposed 
rulemaking, notice of proposed rulemaking, and notice of public hearing 
(REG-138526-14) that is subject to FR Doc. 2015-15411, is corrected as 
follows:


Sec.  1.148-1  [Corrected]

0
1. On page 36305, second column, second line of paragraph (f)(3)(ii), 
the language ``include'' is corrected to read ``includes''.

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2015-18614 Filed 7-29-15; 8:45 am]
 BILLING CODE 4830-01-P

45466 Federal Register / Vol. 80, No. 146 / Thursday, July 30, 2015 / Proposed Rules

ACTION: Notification of availability. not establish any rights for any person at http://www.fda.gov/FoodGuidances
and is not binding on FDA or the public. or http://www.regulations.gov. Use the
SUMMARY: The Food and Drug You can use an alternative approach if FDA Web site listed in the previous
Administration (FDA, we, or the it satisfies the requirements of the sentence to find the most current
Agency) is announcing the availability applicable statutes and regulations. version of the guidance.
of a draft guidance for industry entitled The draft guidance, when finalized,
‘‘FDA’s Policy on Declaring Small Dated: July 24, 2015.
will explain our nutrition labeling
Amounts of Nutrients and Dietary Leslie Kux,
policy on declaring the nutrient values
Ingredients on Nutrition Labels: in conventional foods and dietary Associate Commissioner for Policy.
Guidance for Industry.’’ The draft ingredient values in dietary [FR Doc. 2015–18655 Filed 7–29–15; 8:45 am]
guidance, when finalized, will explain supplements in certain cases. BILLING CODE 4164–01–P
to manufacturers of conventional foods Specifically, declaring small amounts of
and dietary supplements our policy on nutrients and dietary ingredients in the
determining the amount to declare on nutrition labeling may result in a DEPARTMENT OF THE TREASURY
the nutrition label for certain nutrients conflict between 21 CFR 101.9(c)(1)
and dietary ingredients that are present through (8) and 21 CFR 101.9(g)(4)(ii) Internal Revenue Service
in a small amount. and 21 CFR 101.9(g)(5). In such cases,
DATES: Although you can comment on we are recommending manufacturers 26 CFR Part 1
any guidance at any time (see 21 CFR declare nutrients and dietary [REG–138526–14]
10.115(g)(5)), to ensure that the Agency ingredients in accordance with
considers your comment on the draft RIN 1545–BM46
§ 101.9(c)(1) through (8). If the draft
guidance before it begins work on the guidance is finalized, we intend to Issue Price Definition for Tax-Exempt
final version of the guidance, submit consider the use of our enforcement Bonds; Correction
either electronic or written comments discretion with respect to the
on the draft guidance by September 28, compliance requirements in AGENCY: Internal Revenue Service (IRS),
2015. § 101.9(g)(4)(ii)) and § 101.9(g)(5) when Treasury.
ADDRESSES: Submit written requests for a conflict exists with § 101.9(c)(1) ACTION: Partial withdrawal of notice of
single copies of the draft guidance to the through (8). proposed rulemaking, notice of
Office of Nutrition, Labeling, and We also are considering whether proposed rulemaking, and notice of
Dietary Supplements, Center for Food changes to our nutrition labeling public hearing; correction.
Safety and Applied Nutrition (HFS– regulations are needed, including
820), Food and Drug Administration, changes to § 101.9(c) or (g), or both. If SUMMARY: This document contains
5100 Paint Branch Pkwy., College Park, we determine that rulemaking is corrections to partial withdrawal of
MD 20740. Send two self-addressed needed, we will consider whether to notice of proposed rulemaking, notice of
adhesive labels to assist the office in revise or withdraw the draft guidance. proposed rulemaking, and notice of
processing your request. See the public hearing; correction (REG–
II. Paperwork Reduction Act of 1995
SUPPLEMENTARY INFORMATION section for 138526–14) that were published in the
electronic access to the draft guidance. The draft guidance refers to Federal Register on Wednesday, June
Submit electronic comments on the previously approved collections of 24, 2015 (80 FR 36301). The partial
draft guidance to http:// information found in FDA regulations. withdrawal of notice of proposed
www.regulations.gov. Submit written These collections of information are rulemaking, notice of proposed
comments on the draft guidance to the subject to review by the Office of rulemaking, and notice of public
Division of Dockets Management (HFA– Management and Budget (OMB) under hearing are relating to the definition of
305), Food and Drug Administration, the Paperwork Reduction Act of 1995 issue price for purposes of the arbitrage
5630 Fishers Lane, Rm. 1061, Rockville, (44 U.S.C. 3501–3520). The collections restrictions under section 148 of the
MD 20852. of information in § 101.9 have been Internal Revenue Code (Code).
approved under OMB control number DATES: Written or electronic comments
FOR FURTHER INFORMATION CONTACT:
0910–0381. and requests for a public hearing for the
Carole Adler, Center for Food Safety and
Applied Nutrition (HFS–820), Food and III. Comments notice of proposed rulemaking
Drug Administration, 5100 Paint Branch Interested persons may submit either published at 80 FR 36301, June 24,
Pkwy., College Park, MD 20740, 240– electronic comments regarding the draft 2015, are still being accepted and must
402–2371. guidance to http://www.regulations.gov be received by September 22, 2015.
SUPPLEMENTARY INFORMATION: or written comments regarding the draft FOR FURTHER INFORMATION CONTACT:
guidance to the Division of Dockets Lewis Bell at (202) 317–6980 (not a toll-
I. Background free number).
Management (see ADDRESSES). It is only
We are announcing the availability of necessary to send one set of comments. SUPPLEMENTARY INFORMATION:
a draft guidance for industry entitled Identify comments with the docket
‘‘FDA’s Policy on Declaring Small Background
number found in brackets in the
Amounts of Nutrients and Dietary heading of this document. Received The notice of proposed rulemaking
Ingredients on Nutrition Labels: comments may be seen in the Division that is the subject of this correction is
Lhorne on DSK7TPTVN1PROD with PROPOSALS

Guidance for Industry.’’ We are issuing of Dockets Management between 9 a.m. under section 148 of the Internal
the draft guidance consistent with our and 4 p.m., Monday through Friday, and Revenue Code.
good guidance practices regulation (21 will be posted to the docket at http://
CFR 10.115). The draft guidance Need for Correction
www.regulations.gov.
represents the current thinking of FDA As published in the Wednesday, June
on our policy on declaring small IV. Electronic Access 24, 2015 (80 FR 36301) partial
amounts of nutrients and dietary Persons with access to the Internet withdrawal of notice of proposed
ingredients on nutrition labels. It does may obtain the draft guidance document rulemaking, notice of proposed

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Federal Register / Vol. 80, No. 146 / Thursday, July 30, 2015 / Proposed Rules 45467

rulemaking, and notice of public IV. Ordering Paragraphs Inbound products are distributed
hearing (REG–138526–14) contains an I. Introduction between the products using IOCS
error that may prove to be misleading, tallies.3 The Postal Service states that
and is in need of clarification. In the Fiscal Year 2014 Annual both the IMTS—Outbound and Inbound
Compliance Determination (FY 2014 products are small products with
Correction of Publication ACD), the Commission directed the relatively few transactions. Response at
Accordingly, the partial withdrawal of Postal Service to report within 90 days 4. As a result, it is difficult to obtain a
notice of proposed rulemaking, notice of on the feasibility of developing sufficient number of IOCS tallies to
proposed rulemaking, and notice of attributable costs for the International reliably estimate attributable costs for
public hearing (REG–138526–14) that is Money Transfer Service (IMTS)— the IMTS—Outbound product, which
subject to FR Doc. 2015–15411, is Outbound and Inbound products based causes relatively volatile unit costs year-
corrected as follows: upon alternatives to the In-Office Cost to-year. Id. Moreover, in most fiscal
System (IOCS).1 Cost data for the years, the Postal Service has been
§ 1.148–1 [Corrected] IMTS—Outbound and Inbound unable to develop attributable costs for
■ 1. On page 36305, second column, products are reported in the the IMTS—Inbound product because of
second line of paragraph (f)(3)(ii), the International Cost and Revenue an absence of IOCS tallies. In addition,
language ‘‘include’’ is corrected to read Analysis (ICRA) report. the ICRA report does not present
‘‘includes’’. On June 30, 2015, the Postal Service
transaction volume for the IMTS—
filed its response to this directive.2 In
Martin V. Franks, Inbound product because the Postal
Item No. 4 of the Response, the Postal
Service has been unable to estimate
Chief, Publications and Regulations Branch, Service proposes to use data reported by
Legal Processing Division, Associate Chief such transaction volume through special
the Federal Reserve Bank to estimate the
Counsel (Procedure and Administration). transaction volume for the IMTS— studies or the use of data from postal
[FR Doc. 2015–18614 Filed 7–29–15; 8:45 am] Inbound product. Id. at 3. The Postal retail systems. Id. at 2–3.
To develop attributable costs for the
BILLING CODE 4830–01–P Service also proposes to use the
IMTS—Outbound and Inbound
inbound transaction volume in a new
products, the Postal Service proposes to
methodology to develop attributable
use an estimate of retail window service
POSTAL REGULATORY COMMISSION costs for the IMTS—Outbound and
time for electronic wire transfer
Inbound products as an alternative to
39 CFR Part 3050 transactions to develop an electronic
using IOCS statistical data. Id. at 5.
Pursuant to 39 CFR 3050.11 et. seq., window service cost per transaction. Id.
[Docket No. RM2015–13; Order No. 2599] at 5. When multiplied by the number of
the Commission establishes the instant
docket to initiate an informal electronic transfer transactions, the
Periodic Reporting resulting total electronic window
rulemaking proceeding to consider the
AGENCY: Postal Regulatory Commission. changes proposed in Item No. 4 of the service costs is then subtracted from the
ACTION: Notice of proposed rulemaking. Response to the Commission’s directive total attributable costs for the combined
in the FY 2014 ACD. The proposed IMTS products, with the remainder
SUMMARY: The Commission is noticing a changes to the IMTS—Outbound and apportioned between transactions for
recent Postal Service filing requesting Inbound products are labeled as outbound paper money orders and
that the Commission initiate an informal Proposal Five and will be considered in foreign-origin money orders cashed by
rulemaking proceeding to consider this docket. the Postal Service based on transaction
changes to analytical principles relating volume. Id.
to periodic reports (Proposal Five). This II. Proposal Five: A New Methodology
To Develop IMTS—Outbound and III. Initial Commission Action
notice informs the public of the filing,
invites public comment, and takes other Inbound Product Costs The Commission establishes Docket
administrative steps. The Postal Service proposes to No. RM2015–13 for consideration of
DATES: Comments are due: August 31, estimate the transaction volume for the matters raised by Item No. 4 of the
2015. Reply Comments are due: IMTS—Inbound product for the first Response, now identified as Proposal
September 15, 2015. time on an annual basis using data Five. More information on Proposal Five
available from the Federal Reserve Bank may be accessed via the Commission’s
ADDRESSES: Submit comments
on the number of foreign-origin money Web site at http://www.prc.gov. The
electronically via the Commission’s
orders cashed by the Postal Service. Id. Postal Service filed portions of its
Filing Online system at http://
at 3. Using this new inbound transaction supporting documentation under seal as
www.prc.gov. Those who cannot submit
volume, the Postal Service proposes a part of a non-public annex. Information
comments electronically should contact
new methodology to develop the concerning access to non-public
the person identified in the FOR FURTHER
attributable costs of the IMTS— materials is located in 39 CFR part 3007.
INFORMATION CONTACT section by
Outbound and Inbound products. Id. Interested persons may submit
telephone for advice on filing comments on Proposal Five no later
alternatives. at 5.
Currently, total attributable costs for
FOR FURTHER INFORMATION CONTACT: 3 See Docket No. RM2011–5, Order No. 724,
the combined IMTS—Outbound and Order Concerning Analytical Principles for Periodic
David A. Trissell, General Counsel, at
Reporting (Proposals Ten through Twelve, May 4,
202–789–6820. 1 Docket No. ACR2014, Fiscal Year 2014 Annual
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2011, at 6–8. The IOCS collects data on the
SUPPLEMENTARY INFORMATION: Compliance Determination Report, March 27, 2015, proportion of time spent by an employee
at 76 (FY 2014 ACD). The IOCS is one of several performing various functions on different mail
Table of Contents Postal Service statistical sampling systems used to products or services. These proportions of time are
develop product costs. used to estimate the costs of such products or
I. Introduction 2 Docket No. ACR2014, Responses of the United services. An example might be the time spent by
II. Proposal Five: A New Methodology To States Postal Service to Commission Requests for city carriers in a delivery post office casing (i.e.,
Develop IMTS—Outbound and Inbound Additional Information Regarding IMTS and EPG in sorting) mail. Individuals referred to as ‘‘tally
Product Costs the FY 2014 Annual Compliance Determination, takers’’ sample the time data; hence, the term tally
III. Initial Commission Action June 30, 2015 (Response). is used to identify the source of the data.

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Document Created: 2018-02-23 09:29:44
Document Modified: 2018-02-23 09:29:44

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		Partial withdrawal of notice of proposed rulemaking, notice of proposed rulemaking, and notice of public hearing; correction.
Dates		Written or electronic comments and requests for a public hearing for the notice of proposed rulemaking published at 80 FR 36301, June 24, 2015, are still being accepted and must be received by September 22, 2015.
Contact		Lewis Bell at (202) 317-6980 (not a toll-free number).
FR Citation		80 FR 45466
RIN Number		1545-BM46

80 FR 45466 - Issue Price Definition for Tax-Exempt Bonds; Correction

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 80, Issue 146 (July 30, 2015)

DEPARTMENT OF THE TREASURY
Internal Revenue Service