81 FR 35275 - Inversions and Related Transactions; Correction

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 81, Issue 106 (June 2, 2016)

Page Range		35275-35275
FR Document		2016-13015

This document contains corrections to a notice of proposed rulemaking by cross-reference to temporary regulations (REG-135734-14) that were published in the Federal Register on Friday, April 8, 2016 (81 FR 20588). The proposed regulations relate to transactions that are structured to avoid the purposes of sections 7874 and 367 of the Internal Revenue Code (the Code) and certain post-inversion tax avoidance transactions.

Federal Register, Volume 81 Issue 106 (Thursday, June 2, 2016)

[Federal Register Volume 81, Number 106 (Thursday, June 2, 2016)]
[Proposed Rules]
[Page 35275]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-13015]


========================================================================
Proposed Rules
                                                Federal Register
________________________________________________________________________

This section of the FEDERAL REGISTER contains notices to the public of 
the proposed issuance of rules and regulations. The purpose of these 
notices is to give interested persons an opportunity to participate in 
the rule making prior to the adoption of the final rules.

========================================================================


Federal Register / Vol. 81, No. 106 / Thursday, June 2, 2016 / 
Proposed Rules

[[Page 35275]]



DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-135734-14]
RIN 1545-BM45


Inversions and Related Transactions; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to a notice of proposed rulemaking by cross-
reference to temporary regulation.

-----------------------------------------------------------------------

SUMMARY: This document contains corrections to a notice of proposed 
rulemaking by cross-reference to temporary regulations (REG-135734-14) 
that were published in the Federal Register on Friday, April 8, 2016 
(81 FR 20588). The proposed regulations relate to transactions that are 
structured to avoid the purposes of sections 7874 and 367 of the 
Internal Revenue Code (the Code) and certain post-inversion tax 
avoidance transactions.

DATES: Written or electronic comments and requests for a public hearing 
for the notice of proposed rulemaking published at 81 FR 20588, April 
8, 2016 are still being accepted and must be received by July 7, 2016.

FOR FURTHER INFORMATION CONTACT: Concerning the proposed regulations 
under sections 304, 367, and 7874, Shane M. McCarrick or David A. 
Levine, (202) 317-6937; concerning the proposed regulations under 
sections 956 and 770 (l), Rose E. Jenkins (202) 317-6934; concerning 
submissions or comments or requests for a public hearing, Regina 
Johnson 202-317-6901 (not toll-free numbers).

SUPPLEMENTARY INFORMATION:

Background

    The notice of proposed rulemaking by cross-reference to temporary 
regulations (REG-135734-14) that is the subject of this correction is 
under sections 304, 367, 956, 7701(l), and 7874 of the Internal Revenue 
Code.

Need for Correction

    As published, the notice of proposed rulemaking by cross-reference 
to temporary regulations (REG-135734-14) contains errors that may prove 
to be misleading and are in need of clarification.

Correction of Publication

    Accordingly, the notice of proposed rulemaking by cross-reference 
to temporary regulations (REG-135734-14) that was the subject of FR 
Doc. 2016-07299 is corrected as follows:

0
1. On page 20588, in the preamble, in the ``Background'' paragraph, in 
the fifth line, the language ``954, 956, 7701(l), and 7874 of the'' is 
corrected to read ``956, 7701(l), and 7874 of the''.


Sec.  1.7874-4  [Corrected]

0
2. On page 20590, second column, seventh line of paragraph (c)(1)(ii), 
the language ``(ii) [Reserved].'' is corrected to read ``(ii) 
introductory text through (ii)(A) [Reserved].''.
0
3. On page 20590, second column, second line of paragraph (i)(7), the 
language ``(i)(7)(iii) introductory text [Reserved].'' is corrected to 
read ``(i)(7)(iii)(B) [Reserved].''.
0
4. On page 20590, third column, first and second line of paragraph (j), 
the language ``(j) introductory text through (j)(6) [Reserved].'' is 
corrected to read ``(i)(8) through (j)(6) [Reserved]''.

Martin V. Franks,
Chief, Publications and Regulations Branch, Associate Chief Counsel, 
(Procedure and Administration).
[FR Doc. 2016-13015 Filed 6-1-16; 8:45 am]
 BILLING CODE 4830-01-P

35275

Proposed Rules Federal Register
Vol. 81, No. 106

Thursday, June 2, 2016

This section of the FEDERAL REGISTER 367, 956, 7701(l), and 7874 of the ACTION: Proposed rule.
contains notices to the public of the proposed Internal Revenue Code.
issuance of rules and regulations. The SUMMARY: EPA is proposing to add a
purpose of these notices is to give interested Need for Correction hexabromocyclododecane (HBCD)
persons an opportunity to participate in the As published, the notice of proposed category to the list of toxic chemicals
rule making prior to the adoption of the final subject to reporting under section 313 of
rulemaking by cross-reference to
rules. the Emergency Planning and
temporary regulations (REG–135734–14)
contains errors that may prove to be Community Right-to-Know Act (EPCRA)
misleading and are in need of and section 6607 of the Pollution
DEPARTMENT OF THE TREASURY
clarification. Prevention Act (PPA). EPA is proposing
Internal Revenue Service to add this chemical category to the
Correction of Publication EPCRA section 313 list because EPA
26 CFR Part 1 Accordingly, the notice of proposed believes HBCD meets the EPCRA section
rulemaking by cross-reference to 313(d)(2)(B) and (C) toxicity criteria.
[REG–135734–14] temporary regulations (REG–135734–14) Specifically, EPA believes that HBCD
that was the subject of FR Doc. 2016– can reasonably be anticipated to cause
RIN 1545–BM45
07299 is corrected as follows: developmental and reproductive effects
Inversions and Related Transactions; ■ 1. On page 20588, in the preamble, in in humans and is highly toxic to aquatic
Correction the ‘‘Background’’ paragraph, in the fifth and terrestrial organisms. In addition,
line, the language ‘‘954, 956, 7701(l), based on the available bioaccumulation
AGENCY: Internal Revenue Service (IRS), and 7874 of the’’ is corrected to read and persistence data, EPA believes that
Treasury. ‘‘956, 7701(l), and 7874 of the’’. HBCD should be classified as a
ACTION: Correction to a notice of persistent, bioaccumulative, and toxic
proposed rulemaking by cross-reference § 1.7874–4 [Corrected] (PBT) chemical and assigned a 100-
to temporary regulation. ■ 2. On page 20590, second column, pound reporting threshold. Based on a
seventh line of paragraph (c)(1)(ii), the review of the available production and
SUMMARY: This document contains language ‘‘(ii) [Reserved].’’ is corrected use information, members of the HBCD
corrections to a notice of proposed to read ‘‘(ii) introductory text through category are expected to be
rulemaking by cross-reference to (ii)(A) [Reserved].’’. manufactured, processed, or otherwise
temporary regulations (REG–135734–14) ■ 3. On page 20590, second column, used in quantities that would exceed a
that were published in the Federal second line of paragraph (i)(7), the 100-pound EPCRA section 313 reporting
Register on Friday, April 8, 2016 (81 FR language ‘‘(i)(7)(iii) introductory text threshold.
20588). The proposed regulations relate [Reserved].’’ is corrected to read DATES: Comments must be received on
to transactions that are structured to ‘‘(i)(7)(iii)(B) [Reserved].’’. or before August 1, 2016.
avoid the purposes of sections 7874 and ■ 4. On page 20590, third column, first ADDRESSES: Submit your comments,
367 of the Internal Revenue Code (the and second line of paragraph (j), the identified by Docket ID No. EPA–HQ–
Code) and certain post-inversion tax language ‘‘(j) introductory text through TRI–2015–0607, by one of the following
avoidance transactions. (j)(6) [Reserved].’’ is corrected to read methods:
DATES: Written or electronic comments ‘‘(i)(8) through (j)(6) [Reserved]’’. • Federal eRulemaking Portal: http://
and requests for a public hearing for the www.regulations.gov. Follow the online
notice of proposed rulemaking Martin V. Franks,
instructions for submitting comments.
published at 81 FR 20588, April 8, 2016 Chief, Publications and Regulations Branch,
Associate Chief Counsel, (Procedure and Do not submit electronically any
are still being accepted and must be information you consider to be
Administration).
received by July 7, 2016. Confidential Business Information (CBI)
[FR Doc. 2016–13015 Filed 6–1–16; 8:45 am]
FOR FURTHER INFORMATION CONTACT: or other information whose disclosure is
BILLING CODE 4830–01–P
Concerning the proposed regulations restricted by statute.
under sections 304, 367, and 7874, • Mail: Document Control Office
Shane M. McCarrick or David A. Levine, (7407M), Office of Pollution Prevention
(202) 317–6937; concerning the ENVIRONMENTAL PROTECTION and Toxics (OPPT), Environmental
proposed regulations under sections 956 AGENCY Protection Agency, 1200 Pennsylvania
and 770 (l), Rose E. Jenkins (202) 317– Ave. NW., Washington, DC 20460–0001.
40 CFR Part 372 • Hand Delivery: To make special
6934; concerning submissions or
comments or requests for a public [EPA–HQ–TRI–2015–0607; FRL–9943–55] arrangements for hand delivery or
asabaliauskas on DSK3SPTVN1PROD with PROPOSALS

hearing, Regina Johnson 202–317–6901 delivery of boxed information, please
(not toll-free numbers). RIN 2025–AA42 follow the instructions at http://
SUPPLEMENTARY INFORMATION: www.epa.gov/dockets/where-send-
Addition of Hexabromocyclododecane comments-epa-dockets#hq.
Background (HBCD) Category; Community Right-
to-Know Toxic Chemical Release Additional instructions on commenting
The notice of proposed rulemaking by Reporting or visiting the docket, along with more
cross-reference to temporary regulations information about dockets generally, is
(REG–135734–14) that is the subject of AGENCY: Environmental Protection available at http://www.epa.gov/
this correction is under sections 304, Agency (EPA). dockets/commenting-epa-dockets.

VerDate Sep<11>2014 16:42 Jun 01, 2016 Jkt 238001 PO 00000 Frm 00001 Fmt 4702 Sfmt 4702 E:\FR\FM\02JNP1.SGM 02JNP1

Document Created: 2016-06-02 01:23:04
Document Modified: 2016-06-02 01:23:04

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		Correction to a notice of proposed rulemaking by cross- reference to temporary regulation.
Dates		Written or electronic comments and requests for a public hearing for the notice of proposed rulemaking published at 81 FR 20588, April 8, 2016 are still being accepted and must be received by July 7, 2016.
Contact		Concerning the proposed regulations under sections 304, 367, and 7874, Shane M. McCarrick or David A. Levine, (202) 317-6937; concerning the proposed regulations under sections 956 and 770 (l), Rose E. Jenkins (202) 317-6934; concerning submissions or comments or requests for a public hearing, Regina Johnson 202-317-6901 (not toll-free numbers).
FR Citation		81 FR 35275
RIN Number		1545-BM45

81 FR 35275 - Inversions and Related Transactions; Correction

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 81, Issue 106 (June 2, 2016)

DEPARTMENT OF THE TREASURY
Internal Revenue Service