80_FR_50976 80 FR 50814 - Exception From Passive Income for Certain Foreign Insurance Companies; Hearing; Correction

80 FR 50814 - Exception From Passive Income for Certain Foreign Insurance Companies; Hearing; Correction

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 80, Issue 162 (August 21, 2015)

Page Range50814-50815
FR Document2015-20849

This document corrects a notice of public hearing on proposed regulations that published in the Federal Register on Wednesday, August 19, 2015. The proposed regulations 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 162 (Friday, August 21, 2015) 
[Federal Register Volume 80, Number 162 (Friday, August 21, 2015)]
[Proposed Rules]
[Pages 50814-50815]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-20849]


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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; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to a notice of a public hearing on a proposed 
rulemaking.

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SUMMARY: This document corrects a notice of public hearing on proposed 
regulations that published in the Federal Register on Wednesday, August 
19, 2015. The proposed regulations 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: Outlines of topics to be discussed at the public hearing being 
held on Friday, September 18, 2015 (see the document published at 80 FR 
50239, August 19, 2015), are still being accepted and must be received 
by August 26, 2015.

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:

[[Page 50815]]

Background

    The notice of a public hearing on a proposed rulemaking that is the 
subject of this document is under section 1297(b)(2)(B) of the Internal 
Revenue Code.

Need for Correction

    As published, the notice of a public hearing on a proposed 
rulemaking (REG-108214-15) contains an error that is misleading and is 
in need of clarification.

Correction to Publication

    Accordingly, the notice of a public hearing on a proposed 
rulemaking, that is the subject of FR Doc. 2015-20468, is corrected as 
follows:
    1. On page 50239, in the preamble, column 3, under the caption 
``SUPPLEMENTARY INFORMATION'', the last line of the first full 
paragraph, the language ``topic by Wednesday, August 19, 2015'' is 
corrected to read ``topic by Wednesday, August 26, 2015''.

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2015-20849 Filed 8-19-15; 4:15 pm]
 BILLING CODE 4830-01-P

50814 Federal Register / Vol. 80, No. 162 / Friday, August 21, 2015 / Proposed Rules (1) Empresa Brasileira de Aeronautica S.A. (h) Compliance Times searching for and locating Docket No. FAA– (Embraer) Model EMB–135ER–135KE, (1) For Model EMB–135ER, –135KE, 2015–3143. –135KL, and –135LR airplanes; and Model –135KL, and –135LR airplanes; and Model (2) For service information identified in EMB–145, –145ER, –145MR, –145LR, EMB–145, –145ER, –145MR, –145LR, this AD, contact Empresa Brasileira de –145MP, and –145EP airplanes, certificated –145MP, and –145EP airplanes: Do the Aeronautica S.A. (Embraer), Technical in any category, as identified in Embraer actions specified in paragraph (g) of this AD Publications Section (PC 060), Av. Brigadeiro Service Bulletin 145–28–0030, Revision 01, within 2,500 flight hours or 24 months after Faria Lima, 2170–Putim–12227–901 São Jose dated October 22, 2010. the effective date of this AD, whichever dos Campos–SP–Brasil; telephone +55 12 (2) Empresa Brasileira de Aeronautica S.A. occurs first. 3927–5852 or +55 12 3309–0732; fax +55 12 (Embraer) Model EMB–135BJ airplanes, (2) For Model EMB–135BJ airplanes: Do 3927–7546; email distrib@embraer.com.br; certificated in any category, as identified in the actions specified in paragraph (g) of this Internet http://www.flyembraer.com. You Embraer Service Bulletin 145LEG–28–0032, AD within 4,800 flight hours or 48 months may view this service information at the Revision 01, dated November 20, 2012. after the effective date of this AD, whichever FAA, Transport Airplane Directorate, 1601 occurs first. Lind Avenue SW., Renton, WA. For (d) Subject information on the availability of this (i) Credit for Previous Actions material at the FAA, call 425–227–1221. Air Transport Association (ATA) of America Code 28, Fuel. This paragraph provides credit for actions Issued in Renton, Washington, on August required by paragraph (g) of this AD, if those 12, 2015. (e) Reason actions were performed before the effective date of this AD using Embraer Service Suzanne Masterson, This AD was prompted by a report of Bulletin 145–28–0030, dated September 1, Acting Manager, Transport Airplane chafing between the fuel pump electrical 2010 (for Model EMB–135ER, –135KE, Directorate, Aircraft Certification Service. harness and the fuel pump tubing during scheduled maintenance. We are issuing this –135KL, and –135LR airplanes; and Model [FR Doc. 2015–20589 Filed 8–20–15; 8:45 am] EMB–145, –145ER, –145MR, –145LR, AD to detect and correct chafing of the fuel BILLING CODE 4910–13–P –145MP, and –145EP airplanes); or Embraer pump harnesses with other parts inside the Service Bulletin 145LEG–28–0032, dated fuel tank, which could present a potential September 15, 2012 (for Model EMB–135BJ ignition source that could result in a fire or airplanes). This service information is not DEPARTMENT OF THE TREASURY fuel tank explosion. incorporated by reference in this AD. (f) Compliance Internal Revenue Service (j) Other FAA AD Provisions Comply with this AD within the The following provisions also apply to this compliance times specified, unless already 26 CFR Part 1 AD: done. (1) Alternative Methods of Compliance [REG–108214–15] (g) Detailed Inspection and Corrective (AMOCs): The Manager, International Action Branch, ANM–116, Transport Airplane RIN 1545–BM69 Directorate, FAA, has the authority to Do the actions specified in paragraphs approve AMOCs for this AD, if requested Exception From Passive Income for (g)(1) and (g)(2) of this AD at the applicable using the procedures found in 14 CFR 39.19. Certain Foreign Insurance Companies; times specified in paragraph (h)(1) or (h)(2) In accordance with 14 CFR 39.19, send your Hearing; Correction of this AD. request to your principal inspector or local (1) Do a detailed inspection for chafing on Flight Standards District Office, as AGENCY: Internal Revenue Service (IRS), the electrical harness of each electrical fuel appropriate. If sending information directly Treasury. pump in the fuel tanks, in accordance with to the International Branch, send it to ATTN: ACTION: Correction to a notice of a the Accomplishment Instructions of Embraer Todd Thompson, Aerospace Engineer, Service Bulletin 145–28–0030, Revision 01, International Branch, ANM–116, Transport public hearing on a proposed dated October 22, 2010 (for Model EMB– Airplane Directorate, FAA, 1601 Lind rulemaking. 135ER, –135KE, –135KL, and –135LR Avenue SW., Renton, WA 98057–3356; telephone 425–227–1175; fax 425–227–1149. SUMMARY: This document corrects a airplanes; and Model EMB–145, –145ER, –145MR, –145LR, –145MP, and –145EP Information may be emailed to: 9-ANM-116- notice of public hearing on proposed airplanes); or Embraer Service Bulletin AMOC-REQUESTS@faa.gov. Before using regulations that published in the 145LEG–28–0032, Revision 01, dated any approved AMOC, notify your appropriate Federal Register on Wednesday, August November 20, 2012 (for Model EMB–135BJ principal inspector, or lacking a principal 19, 2015. The proposed regulations airplanes). If any chafing is found, before inspector, the manager of the local flight provide guidance regarding when a further flight, replace the affected electrical standards district office/certificate holding foreign insurance company’s income is fuel pump with a new or serviceable pump district office. The AMOC approval letter excluded from the definition of passive having the same part number, in accordance must specifically reference this AD. income under section 1297(b)(2)(B). with the Accomplishment Instructions of (2) Contacting the Manufacturer: For any requirement in this AD to obtain corrective DATES: Outlines of topics to be Embraer Service Bulletin 145–28–0030, actions from a manufacturer, the action must discussed at the public hearing being Revision 01, dated October 22, 2010; or Embraer Service Bulletin 145LEG–28–0032, be accomplished using a method approved held on Friday, September 18, 2015 (see by the Manager, International Branch, ANM– the document published at 80 FR 50239, Revision 01, dated November 20, 2012; as 116, Transport Airplane Directorate, FAA; or August 19, 2015), are still being applicable. the Agência Nacional de Aviação Civil accepted and must be received by (2) Install clamps on the fuel pump (ANAC); or ANAC’s authorized Designee. If electrical harnesses, in accordance with the August 26, 2015. approved by the ANAC Designee, the Accomplishment Instructions of Embraer approval must include the Designee’s FOR FURTHER INFORMATION CONTACT: rmajette on DSK7SPTVN1PROD with PROPOSALS Service Bulletin 145–28–0030, Revision 01, authorized signature. Concerning the proposed regulations, dated October 22, 2010 (for Model EMB– Josephine Firehock at (202) 317–4932; 135ER, –135KE, –135KL, and –135LR (k) Related Information concerning submissions of comments, airplanes; and Model EMB–145, –145ER, (1) Refer to Mandatory Continuing the hearing and/or to be placed on the –145MR, –145LR, –145MP, and –145EP Airworthiness Information (MCAI) Brazilian building access list to attend the hearing airplanes); or Embraer Service Bulletin Airworthiness Directive 2015–03–01, dated 145LEG–28–0032, Revision 01, dated March 23, 2015, for related information. This Oluwafunmilayo Taylor at (202) 317– November 20, 2012 (for Model EMB–135BJ MCAI may be found in the AD docket on the 6901 (not toll-free numbers). airplanes). Internet at http://www.regulations.gov by SUPPLEMENTARY INFORMATION: VerDate Sep<11>2014 15:06 Aug 20, 2015 Jkt 235001 PO 00000 Frm 00012 Fmt 4702 Sfmt 4702 E:\FR\FM\21AUP1.SGM 21AUP1

Federal Register / Vol. 80, No. 162 / Friday, August 21, 2015 / Proposed Rules 50815 Background FOR FURTHER INFORMATION CONTACT: and 4. The Postal Service indicates that The notice of a public hearing on a David A. Trissell, General Counsel, at Postmaster Reliefs working at proposed rulemaking that is the subject 202–789–6820. POStPlan 3 post offices were subject to of this document is under section SUPPLEMENTARY INFORMATION: reductions in force as a result of a 1297(b)(2)(B) of the Internal Revenue September 5, 2014, ruling on an Table of Contents Code. American Postal Workers Union I. Introduction arbitration that required four-hour and Need for Correction II. Proposal Ten six-hour post offices to be assigned to III. Initial Commission Action As published, the notice of a public IV. Ordering Paragraphs clerks. According to the Postal Service, hearing on a proposed rulemaking the effect of the ruling is that clerk costs (REG–108214–15) contains an error that I. Introduction in Cost Segments 3 and 4 may is misleading and is in need of On August 12, 2015, the Postal complicate the analysis of the effects of clarification. Service filed a petition pursuant to 39 POStPlan. Furthermore, the Postal CFR 3050.11 requesting that the Service explains that recent cost Correction to Publication Commission initiate an informal increases in Cost Segment 4 are the Accordingly, the notice of a public rulemaking proceeding in order to result of reclassifying postmaster hearing on a proposed rulemaking, that consider changes in analytical positions and shifting these positions is the subject of FR Doc. 2015–20468, is principles relating to periodic reports.1 from Cost Segment 1 to clerks in Cost corrected as follows: Proposal Ten is attached to the Petition Segments 3 and 4. Id. at 3. 1. On page 50239, in the preamble, and proposes an analytical method column 3, under the caption change related to the proposed merger B. Proposal ‘‘SUPPLEMENTARY INFORMATION’’, of Cost Segments 3 and 4 for purposes Under the proposal, for Fiscal Year the last line of the first full paragraph, of constructing the Cost and Revenue the language ‘‘topic by Wednesday, 2015, the IOCS would include data from Analysis (CRA) Report. Petition at 1. August 19, 2015’’ is corrected to read CAG K and L post offices with data from ‘‘topic by Wednesday, August 26, II. Proposal Ten CAG H and J post offices, and their trial 2015’’. A. Background balance amounts used as control totals for full-time and part-time clerks would Martin V. Franks, As background, the Postal Service be merged and treated as one stratum Chief, Publications and Regulations Branch, explains that the historical reason for when refreshed. Id. at 3–4. Legal Processing Division, Associate Chief separation of Cost Segment 4, which Counsel (Procedure and Administration). requires costs for small post offices to be Cost Segment 4 Trial Balance isolated and transparent, occurred when Accounts would be merged into the [FR Doc. 2015–20849 Filed 8–19–15; 4:15 pm] decisions to close some small post corresponding 5-digit accounts in Cost BILLING CODE 4830–01–P offices were under consideration. Id. Segment 3, creating a revised ‘‘Cost Proposal Ten at 1. However, where Segment 3 & 4’’ worksheet. The Cost postmasters (whose costs are reflected Segment 3 account numbers and titles POSTAL REGULATORY COMMISSION in Cost Segment 1) in small post offices would be retained and the CRA (identified by the Postal Service as Component would be expanded to ‘‘253 39 CFR part 3050 ‘‘CAG K’’ and ‘‘CAG L’’ offices) 2 may be & 42.’’ Other conforming Trial Balance doing all of the tasks with no clerks, it worksheet changes would be made, but [Docket No. RM2015–19; Order No. 2666] is difficult to use Cost Segment 4 to the merger will not affect the ‘‘Outputs adequately measure labor costs at these to CRA’’ and ‘‘Product specific’’ tabs in Periodic Reporting post offices. Proposal Ten at 1. the Trial Balance. Id. at 4. The In-Office Cost System (IOCS) In the Cost Segment 3 B workpapers, AGENCY: Postal Regulatory Commission. maintains a separate panel for CAG K ACTION: Notice of proposed rulemaking. CAG K and L clerk costs would be finance numbers that generally have one incorporated into the Trial Balance clerk. When the clerk is no longer there, SUMMARY: The Commission is noticing a control for Cost Segment 3. These no IOCS readings can be obtained and, recent Postal Service filing requesting changes would combine former Cost as the number of IOCS reading of CAG that the Commission initiate an informal Segment 4 with the non-MODS office K offices declines, the sampling rulemaking proceeding to consider group in Cost Segment 3, and subject variation increases until the sample is changes to analytical principles relating the mail processing, window service, refreshed. Data suggest product costs in to periodic reports (Proposal Ten). This Cost Segment 4 are not statistically and administrative activities at CAG K notice informs the public of the filing, different from other small offices. Id. at and L offices to the accepted cost invites public comment, and takes other 2. methodology for each component. Id. administrative steps. The Postal Service further explains Cost Segment 3 output spreadsheets and DATES: Comments are due: September that the POStPlan had potentially other reports would be unchanged. Id. 17, 2015. Reply Comments are due: confusing impacts in Cost Segments 3 The only change to the CRA Cost Model September 28, 2015. is to remove lines in the control table on ADDRESSES: Submit comments 1 Petition of the United States Postal Service for sheets ‘‘Comp Master’’ and ‘‘DK rmajette on DSK7SPTVN1PROD with PROPOSALS electronically via the Commission’s the Initiation of a Proceeding to Consider Proposed Addends’’ relating to Cost Segment 4. Changes in Analytical Principles (Proposal Ten), Filing Online system at http:// August 12, 2015 (Petition). Id. www.prc.gov. Those who cannot submit 2 ‘‘CAG’’ refers to ‘‘cost ascertainment group’’ and comments electronically should contact is a method used by the Postal Service that 3 The POStPlan is a Postal Service initiative to the person identified in the FOR FURTHER classifies post offices based on volume of revenue match post office retail hours with workload, and generated. CAG K offices have 36–189 revenue represents an alternative, namely reducing retail INFORMATION CONTACT section by units, and CAG L offices have less than 36. See window hours, in lieu of closing a post office. See telephone for advice on filing Glossary of Postal Terms available at https:// Docket No. N2012–2, Advisory Opinion on Post alternatives. usps.com/publications/pub32. Office Structure Plan, August 23, 2012. VerDate Sep<11>2014 15:06 Aug 20, 2015 Jkt 235001 PO 00000 Frm 00013 Fmt 4702 Sfmt 4702 E:\FR\FM\21AUP1.SGM 21AUP1


Document Created: 2018-02-23 11:00:59
Document Modified: 2018-02-23 11:00:59
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
ActionCorrection to a notice of a public hearing on a proposed rulemaking.
DatesOutlines of topics to be discussed at the public hearing being held on Friday, September 18, 2015 (see the document published at 80 FR 50239, August 19, 2015), are still being accepted and must be received by 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 50814 
RIN Number1545-BM69
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