80_FR_50399 80 FR 50239 - Exception From Passive Income for Certain Foreign Insurance Companies; Hearing

80 FR 50239 - Exception From Passive Income for Certain Foreign Insurance Companies; Hearing

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 80, Issue 160 (August 19, 2015)

Page Range50239-50240
FR Document2015-20468

This document provides a notice of public hearing on proposed regulations that provide guidance regarding when a foreign insurance company's income is excluded from the definition of passive income under section 1297(b)(2)(B).

Federal Register, Volume 80 Issue 160 (Wednesday, August 19, 2015) 
[Federal Register Volume 80, Number 160 (Wednesday, August 19, 2015)]
[Proposed Rules]
[Pages 50239-50240]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-20468]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-108214-15]
RIN 1545-BM69


Exception From Passive Income for Certain Foreign Insurance 
Companies; Hearing

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice of a public hearing on notice of proposed rulemaking.

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SUMMARY: This document provides a notice of public hearing on proposed 
regulations that provide guidance regarding when a foreign insurance 
company's income is excluded from the definition of passive income 
under section 1297(b)(2)(B).

DATES: The public hearing is being held on Friday, September 18, 2015, 
at 10:00 a.m. The IRS must receive outlines of the topics to be 
discussed at the public hearing by Wednesday, August 26, 2015.

ADDRESSES: The public hearing is being held in the IRS Auditorium, 
Internal Revenue Service Building, 1111 Constitution Avenue NW., 
Washington, DC 20224. Due to building security procedures, visitors 
must enter at the Constitution Avenue entrance. In addition, all 
visitors must present photo identification to enter the building.
    Send Submissions to CC:PA:LPD:PR (REG-108214-15), Room 5205, 
Internal Revenue Service, P.O. Box 7604, Ben Franklin Station, 
Washington, DC 20044. Submissions may be hand-delivered Monday through 
Friday to CC:PA:LPD:PR (REG-108214-15), Couriers Desk, Internal Revenue 
Service, 1111 Constitution Avenue NW., Washington, DC 20224 or sent 
electronically via the Federal eRulemaking Portal at 
www.regulations.gov (REG-108214-15).

FOR FURTHER INFORMATION CONTACT: Concerning the proposed regulations, 
Josephine Firehock at (202) 317-4932; concerning submissions of 
comments, the hearing and/or to be placed on the building access list 
to attend the hearing Oluwafunmilayo Taylor at (202) 317-6901 (not 
toll-free numbers).

SUPPLEMENTARY INFORMATION: The subject of the public hearing is the 
notice of proposed rulemaking (REG-108214-15) that was published in the 
Federal Register on Friday, April 24, 2015 (80 FR 22954).
    The rules of 26 CFR 601.601(a)(3) apply to the hearing. Persons who 
wish to present oral comments at the hearing that submitted written 
comments by July 23, 2015, must submit an outline of the topics to be 
addressed and the amount of time to be denoted to each topic by 
Wednesday, August 19, 2015.
    A period of 10 minutes is allotted to each person for presenting 
oral comments. After the deadline for receiving outlines has passed, 
the IRS will prepare an agenda containing the schedule of speakers. 
Copies of the agenda will be made available, free of charge, at the 
hearing or in the Freedom of Information Reading Room (FOIA RR) (Room 
1621) which is located at the 11th and Pennsylvania Avenue NW., 
entrance, 1111 Constitution Avenue NW., Washington, DC 20224.
    Because of access restrictions, the IRS will not admit visitors 
beyond the immediate entrance area more than 30

[[Page 50240]]

minutes before the hearing starts. For information about having your 
name placed on the building access list to attend the hearing, see the 
FOR FURTHER INFORMATION CONTACT section of this document.

Martin V. Franks,
 Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2015-20468 Filed 8-18-15; 8:45 am]
 BILLING CODE 4830-01-P

Federal Register / Vol. 80, No. 160 / Wednesday, August 19, 2015 / Proposed Rules 50239 Commission, Room 820, 4330 East West reproductive impairment, neurological definition of passive income under Highway, Bethesda, MD 20814; impacts, endocrine disruption and section 1297(b)(2)(B). telephone (301) 504–6833. interference with thyroid hormone DATES: The public hearing is being held SUPPLEMENTARY INFORMATION: The action, genotoxicity, cancer, and on Friday, September 18, 2015, at 10:00 Commission received a petition immune disorders. a.m. The IRS must receive outlines of requesting that the Commission initiate Petitioners assert that declaring the the topics to be discussed at the public rulemaking under the FHSA to declare specified categories of products hearing by Wednesday, August 26, several categories of products containing additive organohalogen 2015. containing additive organohalogen flame retardants to be ‘‘banned ADDRESSES: The public hearing is being flame retardants to be ‘‘banned hazardous substances’’ is necessary to held in the IRS Auditorium, Internal hazardous substances.’’ Specifically, the adequately protect public health and Revenue Service Building, 1111 request asks the Commission to declare safety. More specifically, petitioners Constitution Avenue NW., Washington, that: assert that action short of a ban under DC 20224. Due to building security • Any durable infant or toddler the FHSA would not adequately protect procedures, visitors must enter at the product, children’s toy, child care the public health and safety because Constitution Avenue entrance. In article, or other children’s product warning labeling cannot adequately addition, all visitors must present photo (other than children’s car seats) that prevent or control exposure to flame identification to enter the building. contains additive organohalogen flame retardants that migrate from products Send Submissions to CC:PA:LPD:PR retardants, is a ‘‘banned hazardous into homes. Furthermore, petitioners (REG–108214–15), Room 5205, Internal substance’’; argue that the ban must apply to the Revenue Service, P.O. Box 7604, Ben • Any article of upholstered furniture entire class of additive organohalogen Franklin Station, Washington, DC sold for use in residences and flame retardants because banning only 20044. Submissions may be hand- containing additive organohalogen individual chemicals within that class delivered Monday through Friday to flame retardants is a ‘‘hazardous would allow other inherently toxic CC:PA:LPD:PR (REG–108214–15), substance’’ and a ‘‘banned hazardous chemicals within that class to be used. Couriers Desk, Internal Revenue substance’’; By this notice, the Commission seeks Service, 1111 Constitution Avenue NW., • Any mattress or mattress pad with comments concerning this petition. Washington, DC 20224 or sent additive organohalogen flame retardants Interested parties may obtain a copy of electronically via the Federal is a ‘‘hazardous substance’’ and a the petition by writing or calling the eRulemaking Portal at ‘‘banned hazardous substance’’; and Office of the Secretary, U.S. Consumer www.regulations.gov (REG–108214–15). • Any electronic device with additive Product Safety Commission, Room 820, FOR FURTHER INFORMATION CONTACT: organohalogen flame retardants in its 4330 East West Highway, Bethesda, MD Concerning the proposed regulations, plastic casing is a ‘‘hazardous 20814; telephone (301) 504–7923. A Josephine Firehock at (202) 317–4932; substance’’ and a ‘‘banned hazardous copy of the petition is also available for concerning submissions of comments, substance.’’ viewing under ‘‘Supporting and Related the hearing and/or to be placed on the The petition was filed by Earthjustice Materials’’ in www.regulations.gov building access list to attend the hearing and the Consumer Federation of under this docket number, Docket No. Oluwafunmilayo Taylor at (202) 317– America, which are joined by American CPSC–2015–0022. 6901 (not toll-free numbers). Academy of Pediatrics, American Dated: August 14, 2015. SUPPLEMENTARY INFORMATION: The Medical Women’s Association, Todd A. Stevenson, subject of the public hearing is the Consumers Union, Green Science Policy Secretary, U.S. Consumer Product Safety notice of proposed rulemaking (REG– Institute, International Association of Commission. 108214–15) that was published in the Fire Fighters, Kids in Danger, Philip [FR Doc. 2015–20454 Filed 8–18–15; 8:45 am] Federal Register on Friday, April 24, Landrigan, M.D., M.P.H., League of BILLING CODE 6355–01–P 2015 (80 FR 22954). United Latin American Citizens, The rules of 26 CFR 601.601(a)(3) Learning Disabilities Association of apply to the hearing. Persons who wish America, and Worksafe. DEPARTMENT OF THE TREASURY to present oral comments at the hearing Petitioners assert that additive that submitted written comments by organohalogen flame retardants are used Internal Revenue Service July 23, 2015, must submit an outline of extensively in the consumer products the topics to be addressed and the categories that would be covered by 26 CFR Part 1 amount of time to be denoted to each their rulemaking request. Petitioners topic by Wednesday, August 19, 2015. [REG–108214–15] further assert that, based on the physico- A period of 10 minutes is allotted to chemical properties of additive RIN 1545–BM69 each person for presenting oral organohalogen flame retardants, all such comments. After the deadline for chemicals in this class will migrate out Exception From Passive Income for receiving outlines has passed, the IRS of consumer products and persist in the Certain Foreign Insurance Companies; will prepare an agenda containing the indoor environment. According to Hearing schedule of speakers. Copies of the petitioners, because organohalogen AGENCY: Internal Revenue Service (IRS), agenda will be made available, free of flame retardants are, as a class, foreign Treasury. charge, at the hearing or in the Freedom rmajette on DSK2VPTVN1PROD with PROPOSALS to the human body and inherently toxic ACTION: Notice of a public hearing on of Information Reading Room (FOIA RR) due to their physical, chemical, and notice of proposed rulemaking. (Room 1621) which is located at the biological properties, human exposure 11th and Pennsylvania Avenue NW., to these chemicals will result in adverse SUMMARY: This document provides a entrance, 1111 Constitution Avenue human health impacts. Finally, notice of public hearing on proposed NW., Washington, DC 20224. petitioners provide data and regulations that provide guidance Because of access restrictions, the IRS information regarding adverse human regarding when a foreign insurance will not admit visitors beyond the health impacts, which include company’s income is excluded from the immediate entrance area more than 30 VerDate Sep<11>2014 15:11 Aug 18, 2015 Jkt 235001 PO 00000 Frm 00015 Fmt 4702 Sfmt 4702 E:\FR\FM\19AUP1.SGM 19AUP1

50240 Federal Register / Vol. 80, No. 160 / Wednesday, August 19, 2015 / Proposed Rules minutes before the hearing starts. For Correction of Publication The ABC’’ is corrected to read ‘‘waiver information about having your name of the fee. The ABC’’. placed on the building access list to Accordingly, the notice of proposed rulemaking (REG–115452–14), that was Martin V. Franks, attend the hearing, see the FOR FURTHER the subject of FR Doc. 2015–17828, is Chief, Publications and Regulations Branch, INFORMATION CONTACT section of this corrected as follows: Legal Processing Division, Associate Chief document. Counsel (Procedure and Administration). Martin V. Franks, 1. On page 43652, in the preamble, [FR Doc. 2015–20476 Filed 8–18–15; 8:45 am] first column, under the caption Chief, Publications and Regulations Branch, BILLING CODE 4830–01–P Legal Processing Division, Associate Chief ADDRESSES, the eleventh line of the Counsel (Procedure and Administration). paragraph, the language ‘‘Washington, [FR Doc. 2015–20468 Filed 8–18–15; 8:45 am] DC, or sent electronically, ’’ is corrected to read ‘‘Washington, DC, 20224 or sent ENVIRONMENTAL PROTECTION BILLING CODE 4830–01–P electronically,’’. AGENCY 2. On page 43653, in the preamble, 40 CFR Part 52 DEPARTMENT OF THE TREASURY first column, the tenth line from the [EPA–R06–OAR–2006–0131; FRL–9930–17- bottom of the first full paragraph, the Internal Revenue Service Region-6] language ‘‘gross income allocation in a nonpartner’’ is corrected to read ‘‘gross Approval and Promulgation of 26 CFR Part 1 income allocation in a non-partner’’. Implementation Plans; Louisiana; [REG–115452–14] 3. On page 43655, in the preamble, Major Source Permitting State second column, the third line from the Implementation Plan RIN 1545–BM12 bottom of the second full paragraph, the AGENCY: Environmental Protection language ‘‘66–95 and revise Rev. Rul. Agency (EPA). Disguised Payments for Services; 69–180,’’ is corrected to read ‘‘66–95 ACTION: Proposed rule. Correction and Rev. Rul. 69–180,’’. AGENCY: Internal Revenue Service (IRS), 4. On page 43657, in the preamble, SUMMARY: The Environmental Protection Treasury. third column, under the paragraph Agency (EPA) is proposing to approve heading ‘‘Drafting Information’’ the portions of revisions to the Louisiana ACTION: Correction to a notice of third line of the paragraph, the language New Source Review (NSR) State proposed rulemaking. ‘‘Goldberg of the Office Assistant Chief’’ Implementation Plan (SIP) submitted by SUMMARY: This document contains is corrected to read ‘‘Goldberg of the the State of Louisiana designee. These corrections to a notice of proposed Office Associate Chief’’. revisions are updates to the Prevention rulemaking (REG–115452–14) that was of Significant Deterioration (PSD) and § 1.707–2 [Corrected] Nonattainment NSR (NNSR) permit published in the Federal Register on Thursday, July 23, 2015 (80 FR 43652). 5. On page 46358, column 3, programs. The proposed regulations are relating to paragraph (c), the eighth and ninth DATES: Written comments must be disguised payments for services under lines, the language ‘‘arrangement received on or before September 18, section 707(a)(2)(A) of the Internal constitutes in whole or in part a 2015. Revenue Code. The proposed payment for services. The’’ is corrected regulations provide guidance to ADDRESSES: Submit your comments, to read ‘‘arrangement constitutes (in partnerships and their partners identified by Docket ID No. EPA–R06– whole or in part) a payment for services. regarding when an arrangement will be OAR–2006–0131, by one of the The.’’. treated as a disguised payment for following methods: services. 6. On page 43659, column 1, • http://www.regulations.gov. Follow paragraph (d) Example 1, the twelfth the online instructions. DATES: Written or electronic comments line, the language ‘‘first two years of • Email: Stephanie Kordzi at and requests for a public hearing for the partnership’s operations.’’ is corrected kordzi.stephanie@epa.gov. notice of proposed rulemaking to read ‘‘first two years of the • Mail or delivery: Stephanie Kordzi, published at 80 FR 43625, July 23, 2015, partnership’s operations.’’. Air Permits Section (6PD–R), are still being accepted and must be 7. On page 43660, column 1, Environmental Protection Agency, 1445 received by October 21, 2015. paragraph (d), Example 3 (iv), the Ross Avenue, Suite 1200, Dallas, Texas FOR FURTHER INFORMATION CONTACT: sixteenth line, the language ‘‘the 75202–2733. Jaclyn Goldberg at (202) 317–6850 (not presence or absence of entrepreneurial’’ Instructions: Direct your comments to a toll free number). is corrected to read ‘‘the presence or Docket ID No. EPA–R06–OAR–2006– SUPPLEMENTARY INFORMATION: absence of significant entrepreneurial’’. 0131. The EPA’s policy is that all comments received will be included in Background 8. On page 43660, column 1, the public docket without change and paragraph (d), Example 4 (ii), the last may be made available online at The notice of proposed rulemaking line of the column, the language http://www.regulations.gov, including (REG–115452–14) that is the subject of rmajette on DSK2VPTVN1PROD with PROPOSALS ‘‘entrepreneurial risk. The special any personal information provided, these corrections is under section 707 of allocation to’’ is corrected to read unless the comment includes the Internal Revenue Code. ‘‘significant entrepreneurial risk. The information claimed to be Confidential Need for Correction special allocation to’’. Business Information (CBI) or other As published, the notice of proposed 9. On page 43660, column 3, information the disclosure of which is (REG–115452–14) contains errors that paragraph (d), Example 6 (ii), the fourth restricted by statute. Do not submit may prove to be misleading and are in line from the bottom of the column, the information through http:// need of clarification. language ‘‘waiver of the partnership. www.regulations.gov or email, if you VerDate Sep<11>2014 15:11 Aug 18, 2015 Jkt 235001 PO 00000 Frm 00016 Fmt 4702 Sfmt 4702 E:\FR\FM\19AUP1.SGM 19AUP1


Document Created: 2015-12-15 11:58:39
Document Modified: 2015-12-15 11:58:39
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionProposed Rules
ActionNotice of a public hearing on notice of proposed rulemaking.
DatesThe public hearing is being held on Friday, September 18, 2015, at 10:00 a.m. The IRS must receive outlines of the topics to be discussed at the public hearing by Wednesday, August 26, 2015.
ContactConcerning the proposed regulations, Josephine Firehock at (202) 317-4932; concerning submissions of comments, the hearing and/or to be placed on the building access list to attend the hearing Oluwafunmilayo Taylor at (202) 317-6901 (not toll-free numbers).
FR Citation80 FR 50239 
RIN Number1545-BM69
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