81_FR_40933 81 FR 40812 - Oil and Gas and Sulphur Operations in the Outer Continental Shelf-Technical Corrections; Correction

81 FR 40812 - Oil and Gas and Sulphur Operations in the Outer Continental Shelf-Technical Corrections; Correction

DEPARTMENT OF THE INTERIOR
Bureau of Safety and Environmental Enforcement

Federal Register Volume 81, Issue 121 (June 23, 2016)

Page Range40812-40813
FR Document2016-14850

The Bureau of Safety and Environmental Enforcement (BSEE) is correcting a final rule that appeared in the Federal Register on June 6, 2016 (81 FR 36145).

Federal Register, Volume 81 Issue 121 (Thursday, June 23, 2016) 
[Federal Register Volume 81, Number 121 (Thursday, June 23, 2016)]
[Rules and Regulations]
[Pages 40812-40813]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-14850]


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DEPARTMENT OF THE INTERIOR

Bureau of Safety and Environmental Enforcement

30 CFR Part 250

[Docket ID: BSEE-2016-0006; EEEE500000 16XE1700DX EX1SF0000.DAQ000]
RIN 1014-AA15


Oil and Gas and Sulphur Operations in the Outer Continental 
Shelf--Technical Corrections; Correction

AGENCY: Bureau of Safety and Environmental Enforcement (BSEE), 
Interior.

ACTION: Final rule; correction.

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SUMMARY: The Bureau of Safety and Environmental Enforcement (BSEE) is 
correcting a final rule that appeared in the Federal Register on June 
6, 2016 (81 FR 36145).

DATES: Effective July 28, 2016.

FOR FURTHER INFORMATION CONTACT: Betty Cox, Regulations and Standards 
Branch at (703) 787-1665 or email at [email protected].

SUPPLEMENTARY INFORMATION: In the FR Doc. 2016-12487 appearing on page 
36150 in the Federal Register of Monday, June 6, 2016, the following 
correction is made:


Sec.  250.904  [Corrected]

    1. On page 36150, in the first column, remove amendatory 
instruction 20 correcting Sec.  250.904.


[[Page 40813]]


    Dated: June 17, 2016.
Robert W. Middleton,
Deputy Chief, Office of Offshore Regulatory Programs.
[FR Doc. 2016-14850 Filed 6-22-16; 8:45 am]
 BILLING CODE 4310-VH-P

40812 Federal Register / Vol. 81, No. 121 / Thursday, June 23, 2016 / Rules and Regulations ■ Par. 13. Section 1.7874–8T is are treated as a single acquired foreign does not include income or gain amended by revising the third sentence corporation for purposes of this section. recognized by reason of the transfer or of paragraph (h) Example 1.(ii), the fifth * * * * * license, after the domestic entity sentence of paragraph (h) Example 2.(ii), (f) * * * acquisition, of property that is described the ninth sentence of paragraph (h) Example. * * * in section 1221(a)(1) in the hands of the Example 3.(ii), and paragraph (j) to read (ii) * * * transferor or licensor. as follows: (A) The FT acquisition is a foreign * * * * * acquisition because, pursuant to the FT (g) Expiration date. This section § 1.7874–8T Disregard of certain stock acquisition, FA (a foreign acquiring expires on or before April 4, 2019. attributable to multiple domestic entity corporation) acquires 100 percent of the stock acquisitions (temporary). ■ Par. 17. Section 1.7874–12T is of FT and is thus treated as indirectly * * * * * acquiring 100 percent of the properties held amended by revising paragraph (c) to by FT (an acquired foreign corporation). read as follows: (h) * * * * * * Example 1. * * * § 1.7874–12T Definitions (temporary). (ii) * * * As a result, and because there * * * * * * * * * * were no redemptions of FA stock, the (iv) * * * FA’s indirect acquisition of FT’s properties is a covered foreign acquisition (c) Expiration date. This section excluded amount is $150x (calculated as 100, expires on or before April 4, 2019. the total number of prior acquisition shares, because 35 shares of FA stock (the shares multiplied by $1.50x, the fair market value of received by Individual B) are held by reason Martin V. Franks, a single share of FA stock on the completion of holding stock in FT; thus, the foreign ownership percentage is 100 percent (35/35). Chief, Publications and Regulations Branch, date with respect to the DT2 acquisition). Legal Processing Division, Associate Chief * * * * * * Counsel (Procedure and Administration). * * * * * * * * * * [FR Doc. 2016–14649 Filed 6–22–16; 8:45 am] Example 2. * * * (h) Expiration date. The applicability of this section expires on or before April BILLING CODE 4830–01–P (ii) * * * As a result, the excluded amount is $112.50x, calculated as 75 (100, the total 4, 2019. number of prior acquisition shares, less 25, ■ Par. 15. Section 1.7874–10T is the allocable redeemed shares) multiplied by amended by revising paragraphs (d)(2) $1.50x (the fair market value of a single share and (j) to read as follows: DEPARTMENT OF THE INTERIOR of FA stock on the completion date with respect to the DT2 acquisition). * * * § 1.7874–10T Disregard of certain Bureau of Safety and Environmental distributions (temporary). Enforcement * * * * * Example 3. * * * * * * * * (ii) * * * Accordingly, the excluded (d) * * * 30 CFR Part 250 amount is $112.50x, calculated as 150 (200, (2) On the completion date, former the total number of prior acquisition shares, domestic entity shareholders or former [Docket ID: BSEE–2016–0006; EEEE500000 less 50, the allocable redeemed shares) domestic entity partners, as applicable, 16XE1700DX EX1SF0000.DAQ000] multiplied by $0.75x (the fair market value in the aggregate, own (applying the of a single class of FA stock on the attribution rules of section 318(a) with completion date with respect to the DT2 RIN 1014–AA15 the modifications described in section acquisition). * * * 304(c)(3)(B)) less than five percent (by Oil and Gas and Sulphur Operations in * * * * * vote and value) of the stock of (or a the Outer Continental Shelf—Technical (j) Expiration date. The applicability partnership interest in) each member of Corrections; Correction of this section expires on or before April the expanded affiliated group. 4, 2019. * * * * * AGENCY: Bureau of Safety and (j) Expiration date. This section Environmental Enforcement (BSEE), ■ Par. 14. Section 1.7874–9T is expires on or before April 4, 2019. Interior. amended by revising paragraph (e)(1), the first sentence of paragraph (f) ■ Par. 16. Section 1.7874–11T is ACTION: Final rule; correction. Example.(ii)(A), the seventh sentence of amended by revising paragraphs (b)(1) paragraph (f) Example.(iv) and and (2), and (g) to read as follows: SUMMARY: The Bureau of Safety and paragraph (h) to read as follows: Environmental Enforcement (BSEE) is § 1.7874–11T Rules regarding inversion correcting a final rule that appeared in § 1.7874–9T Disregard of certain stock in gain (temporary). the Federal Register on June 6, 2016 (81 third-country transactions (temporary). * * * * * FR 36145). * * * * * (b) * * * (1) General rule. Except as DATES: Effective July 28, 2016. provided in paragraphs (b)(2) and (3) of (e) * * * this section, inversion gain includes FOR FURTHER INFORMATION CONTACT: (1) Acquisition of multiple foreign income (including an amount treated as Betty Cox, Regulations and Standards corporations that are tax residents of the a dividend under section 78) or gain Branch at (703) 787–1665 or email at same foreign country. When multiple recognized by an expatriated entity for regs@bsee.gov. foreign acquisitions occur pursuant to any taxable year that includes any SUPPLEMENTARY INFORMATION: In the FR the same plan (or a series of related portion of the applicable period by Doc. 2016–12487 appearing on page asabaliauskas on DSK3SPTVN1PROD with RULES transactions) and two or more of the reason of a direct or indirect transfer of 36150 in the Federal Register of acquired foreign corporations were stock or other properties or license of Monday, June 6, 2016, the following subject to tax as a resident of the same any property either as part of the correction is made: foreign country before the foreign domestic entity acquisition, or after acquisitions and all related transactions, such acquisition if the transfer or § 250.904 [Corrected] then those foreign acquisitions are license is to a specified related person. 1. On page 36150, in the first column, treated as a single foreign acquisition (2) Exception for property described remove amendatory instruction 20 and those acquired foreign corporations in section 1221(a)(1). Inversion gain correcting § 250.904. VerDate Sep<11>2014 16:58 Jun 22, 2016 Jkt 238001 PO 00000 Frm 00034 Fmt 4700 Sfmt 4700 E:\FR\FM\23JNR1.SGM 23JNR1

Federal Register / Vol. 81, No. 121 / Thursday, June 23, 2016 / Rules and Regulations 40813 Dated: June 17, 2016. opening. The Morrison Bridge is a SUMMARY: The Coast Guard will enforce Robert W. Middleton, double bascule bridge. When the the safety zone for the San Francisco Deputy Chief, Office of Offshore Regulatory bascule span is in the closed-to- Giants Fireworks display in the Captain Programs. navigation position, the bridge provides of the Port, San Francisco area of [FR Doc. 2016–14850 Filed 6–22–16; 8:45 am] 69 feet of vertical clearance, which will responsibility during the dates and BILLING CODE 4310–VH–P be reduced to 59 feet with the times noted below. This action is containment system in place. The necessary to protect life and property of normal operating schedule for the the maritime public from the hazards DEPARTMENT OF HOMELAND Morrison Bridge is in accordance with associated with the fireworks display. SECURITY 33 CFR 117.897(c)(3)(iv). The vertical During the enforcement period, clearance is above Columbia River unauthorized persons or vessels are Coast Guard Datum 0.0. prohibited from entering into, transiting The deviation period is from 6 a.m. on through, or anchoring in the safety zone, 33 CFR Part 117 April 1, 2017 until 7 p.m. on September unless authorized by the Patrol 27, 2017. The deviation allows the Commander (PATCOM). [Docket No. USCG–2016–0474] Morrison Bridge operator to only open DATES: The regulations in 33 CFR Drawbridge Operation Regulation; half the span for maritime traffic with at 165.1191, Table 1, Item number 1 will Willamette River, Portland, OR least a two hour advanced notice. be enforced from 11 a.m. on June 24, Waterway usage on this part of the 2016 to 1 a.m. on June 25, 2016. AGENCY: Coast Guard, DHS. Willamette River includes vessels FOR FURTHER INFORMATION CONTACT: If ACTION:Notice of deviation from ranging from commercial tug and barge you have questions on this notice of drawbridge regulation. to small pleasure craft. enforcement, call or email Lieutenant Vessels able to pass through the Junior Grade Christina Ramirez, U.S. SUMMARY: The Coast Guard has issued a Morrison Bridge in the closed position temporary deviation from the operating Coast Guard Sector San Francisco; may do so at any time. A tug will be on telephone (415) 399–3585 or email at schedule that governs the Morrison site to assist vessels through the single Bridge across the Willamette River, mile D11-PF-MarineEvents@uscg.mil. leaf span opening upon request. The 12.8, at Portland, Oregon. The deviation SUPPLEMENTARY INFORMATION: The Coast bridge will be able to open half the span is necessary to accommodate Guard will enforce the safety zone for emergencies with a two hour notice Multnomah County’s replacement of the established in 33 CFR 165.1191, Table 1, and there is no immediate alternate bridge decking. This deviation allows Item number 1 on June 24, 2016. From route for vessels to pass. The Coast the bridge to only open half of the span, 11 a.m. until 10 p.m. on June 24, 2016 Guard will also inform the users of the single leaf, to allow for the replacement the safety zone will be enforced in the waterways through our Local and of bridge decking. The deviation also navigable waters around and under the Broadcast Notices to Mariners of the allows the vertical clearance to be fireworks barge within a radius of 100 change in operating schedule for the reduced due to the project’s feet throughout the loading and transit bridges so that vessel operators can containment system. of fireworks barge at the launch site and arrange their transits to minimize any DATES: This deviation is effective from until the start of the fireworks display. impact caused by the temporary 6 a.m. on April 1, 2017 until 7 p.m. on As indicated below, during the deviation. September 27, 2017. In accordance with 33 CFR 117.35(e), fireworks display, the size of the safety the drawbridge must return to its regular zone will increase to accommodate fall- ADDRESSES: The docket for this operating schedule immediately at the out and other debris during the display. deviation, [USCG–2016–0474] is From 11 a.m. until 5 p.m. on June 24, available at http://www.regulations.gov. end of the designated time period. This 2016 the fireworks barge will be loading Type the docket number in the deviation from the operating regulations pyrotechnics at Pier 50 in San ‘‘SEARCH’’ box and click ‘‘SEARCH.’’ is authorized under 33 CFR 117.35. Francisco, CA. From 5 p.m. to 9:30 p.m. Click on Open Docket Folder on the line Dated: June 17, 2016. on June 24, 2016 the fireworks barge associated with this deviation. Steven M. Fischer, will remain at Pier 50. From 9:30 p.m. FOR FURTHER INFORMATION CONTACT: If Bridge Administrator, Thirteenth Coast Guard to 10 p.m. on June 24, 2016 the loaded you have questions on this temporary District. fireworks barge will transit from Pier 50 deviation, call or email Mr. Steven [FR Doc. 2016–14846 Filed 6–22–16; 8:45 am] to the launch site near Pier 48 in Fischer, Bridge Administrator, BILLING CODE 9110–04–P approximate position 37°46′36″ N., Thirteenth Coast Guard District; 122°22′56″ W. (NAD83). At the telephone 206–220–7282, email d13-pf- conclusion of the baseball game, d13bridges@uscg.mil. DEPARTMENT OF HOMELAND approximately 10 p.m. on June 24, 2016, SUPPLEMENTARY INFORMATION: SECURITY the safety zone will increase in size and Multnomah County has requested that encompass the navigable waters around the Morrison Bridge across the Coast Guard and under the fireworks barge within a Willamette River, mile 12.8, be allowed radius of 700 feet in approximate to only open half the span, 92 feet, as 33 CFR Part 165 position 37°46′36″ N., 122°22′56″ W. opposed to a full opening, 185 feet, to [Docket No. USCG–2016–0260] (NAD83) for the San Francisco Giants asabaliauskas on DSK3SPTVN1PROD with RULES accommodate the replacement of the Fireworks display in 33 CFR 165.1191, bridge decking. The County has also Safety Zone; San Francisco Giants Table 1, Item number 1. Upon the requested to reduce the vertical Fireworks, San Francisco Bay, San conclusion of the fireworks display, the clearance of the non-opening side of the Francisco, CA safety zone shall terminate. span with scaffolding erected 10 feet AGENCY: Coast Guard, DHS. Under the provisions of 33 CFR below the lower bridge cord for a 165.1191, unauthorized persons or ACTION: Notice of enforcement of containment system and to require at vessels are prohibited from entering regulation. least a two hour advance notice for an into, transiting through, or anchoring in VerDate Sep<11>2014 16:58 Jun 22, 2016 Jkt 238001 PO 00000 Frm 00035 Fmt 4700 Sfmt 4700 E:\FR\FM\23JNR1.SGM 23JNR1


Document Created: 2018-02-08 07:41:23
Document Modified: 2018-02-08 07:41:23
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionRules and Regulations
ActionFinal rule; correction.
DatesEffective July 28, 2016.
ContactBetty Cox, Regulations and Standards Branch at (703) 787-1665 or email at [email protected]
FR Citation81 FR 40812 
RIN Number1014-AA15
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