81 FR 57459 - Arbitrage Guidance for Tax-Exempt Bonds; Correction
DEPARTMENT OF THE TREASURY
Internal Revenue Service Federal Register Volume 81, Issue 163 (August 23, 2016)
Internal Revenue Service
Federal Register Volume 81, Issue 163 (August 23, 2016)
| Page Range | 57459-57459 | |
| FR Document | 2016-20086 |
[Federal Register Volume 81, Number 163 (Tuesday, August 23, 2016)] [Rules and Regulations] [Page 57459] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-20086] ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Part 1 [TD 9777] RIN 1545-BG41; RIN 1545-BH38 Arbitrage Guidance for Tax-Exempt Bonds; Correction AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Final regulations; correction. ----------------------------------------------------------------------- SUMMARY: This document contains corrections to final regulations (TD 9777) that were published in the Federal Register on Monday, July 18, 2016 (81 FR 46582). The final regulations relate to the arbitrage restrictions under section 148 of the Internal Revenue Code applicable to tax-exempt bonds and other tax-advantaged bonds issued by State and local governments. DATES: This correction is effective August 23, 2016 and applicable July 18, 2016. FOR FURTHER INFORMATION CONTACT: Spence Hanemann at (202) 317-6980 (not a toll-free number). SUPPLEMENTARY INFORMATION: Background The final regulations (TD 9777) that are the subject of this correction are under section 148 of the Internal Revenue Code. Need for Correction As published, the final regulation (TD 9777) contains errors that may prove to be misleading and are in need of clarification. Correction of Publication Accordingly, the final regulation (TD 9777), that is the subject of FR Doc. 2016-16558, are corrected as follows: 0 1. On page 46591, in the preamble, the second column, under the paragraph heading ``Applicability Dates'', a second paragraph is added after the last sentence to read as follows: ``In addition, the amendments to Sec. 1.148-3(j) in the Final Regulations apply to bonds subject to Sec. 1.148-3(i). For this purpose, a bond is considered to be subject to Sec. 1.148-3(i) if the issue of which the bond is a part is subject to the version of Sec. 1.148-3(i) published in TD 8476 (58 FR 33510) or any subsequent version.''. 0 2. On page 46591, in the preamble, the second column, under the paragraph heading ``Effect on Other Documents'', the first line, the language ``As of July 18, 2016, Revenue'' is corrected to read ``As of October 17, 2016, Revenue''. Martin V. Franks, Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, (Procedure and Administration). [FR Doc. 2016-20086 Filed 8-22-16; 8:45 am] BILLING CODE 4830-01-P
![Federal Register / Vol. 81, No. 163 / Tuesday, August 23, 2016 / Rules and Regulations 57459
Need for Correction SUPPLEMENTARY INFORMATION: display on and over the navigable
As published, the final regulation (TD waterway. During the period of
Background
9777) contains errors that may prove to enforcement, entry into the safety zone
The final regulations (TD 9777) that is prohibited unless specifically
be misleading and are in need of are the subject of this correction are authorized by the Captain of the Port
clarification. under section 148 of the Internal Upper Mississippi River (COTP) or
List of Subjects in 26 CFR Part 1 Revenue Code. other designated representative.
Income taxes, Reporting and Need for Correction DATES: This rule is effective from 8:30
recordkeeping requirements. p.m. to 10:30 p.m. on September 3,
As published, the final regulation (TD
2016.
Correction of Publication 9777) contains errors that may prove to
be misleading and are in need of ADDRESSES: To view documents
Accordingly, 26 CFR part 1 is mentioned in this preamble as being
clarification.
amended by making the following available in the docket, go to http://
correcting amendment: Correction of Publication www.regulations.gov, type USCG–2016–
Accordingly, the final regulation (TD 0689 in the ‘‘SEARCH’’ box and click
PART 1—INCOME TAXES
9777), that is the subject of FR Doc. ‘‘SEARCH.’’ Click on Open Docket
■ Paragraph 1. The authority citation 2016–16558, are corrected as follows: Folder on the line associated with this
for part 1 continues to read in part as ■ 1. On page 46591, in the preamble, the rule.
follows: second column, under the paragraph FOR FURTHER INFORMATION CONTACT: If
Authority: 26 U.S.C. 7805 * * *
heading ‘‘Applicability Dates’’, a second you have questions on this rule, call or
paragraph is added after the last email LCDR Sean Peterson, Chief of
Section 1.148–11 [Amended] sentence to read as follows: ‘‘In Prevention, Sector Upper Mississippi
■ Par. 2. Section 1.148–11 is amended addition, the amendments to § 1.148– River, U.S. Coast Guard; telephone 314–
by removing ‘‘October 17, 2016’’ at end 3(j) in the Final Regulations apply to 269–2332, email Sean.M.Peterson@
of paragraphs (l)(2) and (l)(3) and adding bonds subject to § 1.148–3(i). For this uscg.mil.
‘‘July 18, 2016’’ in its place. purpose, a bond is considered to be
SUPPLEMENTARY INFORMATION:
subject to § 1.148–3(i) if the issue of
Martin V. Franks which the bond is a part is subject to the I. Table of Abbreviations
Chief, Publications and Regulations Branch, version of § 1.148–3(i) published in TD
BNM Broadcast Notice to Mariners
Legal Processing Division, Associate Chief 8476 (58 FR 33510) or any subsequent CFR Code of Federal Regulations
Counsel, (Procedure and Administration). version.’’. COTP Captain of the Port
[FR Doc. 2016–20087 Filed 8–22–16; 8:45 am] ■ 2. On page 46591, in the preamble, the DHS Department of Homeland Security
BILLING CODE 4830–01–P second column, under the paragraph FR Federal Register
heading ‘‘Effect on Other Documents’’, LNM Local Notice to Mariners
the first line, the language ‘‘As of July NPRM Notice of proposed rulemaking
DEPARTMENT OF THE TREASURY 18, 2016, Revenue’’ is corrected to read § Section
‘‘As of October 17, 2016, Revenue’’. U.S.C. United States Code
Internal Revenue Service UMR Upper Mississippi River
Martin V. Franks,
II. Background Information and
26 CFR Part 1 Chief, Publications and Regulations Branch,
Legal Processing Division, Associate Chief Regulatory History
[TD 9777] Counsel, (Procedure and Administration). The Coast Guard is issuing this
RIN 1545–BG41; RIN 1545–BH38 [FR Doc. 2016–20086 Filed 8–22–16; 8:45 am] temporary rule without prior notice and
BILLING CODE 4830–01–P opportunity to comment pursuant to
Arbitrage Guidance for Tax-Exempt authority under section 4(a) of the
Bonds; Correction Administrative Procedure Act (APA) (5
DEPARTMENT OF HOMELAND U.S.C. 553(b)). This provision
AGENCY: Internal Revenue Service (IRS),
SECURITY authorizes an agency to issue a rule
Treasury.
without prior notice and opportunity to
ACTION: Final regulations; correction. Coast Guard comment when the agency for good
SUMMARY: This document contains cause finds that those procedures are
33 CFR Part 165 ‘‘impracticable, unnecessary, or contrary
corrections to final regulations (TD
9777) that were published in the [Docket Number USCG–2016–0689] to the public interest.’’ Under 5 U.S.C.
Federal Register on Monday, July 18, 553(b)(B), the Coast Guard finds that
RIN 1625–AA00 good cause exists for not publishing a
2016 (81 FR 46582). The final
regulations relate to the arbitrage NPRM with respect to this rule because
Safety Zone; Upper Mississippi River, the Coast Guard was not notified of the
restrictions under section 148 of the St. Louis, MO
Internal Revenue Code applicable to tax- fireworks display until July 8, 2016.
exempt bonds and other tax-advantaged AGENCY: Coast Guard, DHS. After full review of the details for the
bonds issued by State and local ACTION: Temporary final rule. planned and locally advertised displays,
governments. the Coast Guard determined action is
SUMMARY: The Coast Guard is needed to protect people and property
ehiers on DSK5VPTVN1PROD with RULES
DATES: This correction is effective establishing a temporary safety zone on from the safety hazards associated with
August 23, 2016 and applicable July 18, the Upper Mississippi River from mile the fireworks display on the UMR near
2016. 180 to mile 180.5. This temporary safety St. Louis, MO. It is impracticable to
FOR FURTHER INFORMATION CONTACT: zone is necessary to protect persons and publish an NPRM because we must
Spence Hanemann at (202) 317–6980 property from potential damage and establish this safety zone by September
(not a toll-free number). safety hazards during a fireworks 3, 2016.
VerDate Sep<11>2014 14:39 Aug 22, 2016 Jkt 238001 PO 00000 Frm 00021 Fmt 4700 Sfmt 4700 E:\FR\FM\23AUR1.SGM 23AUR1](https://thefederalregister.org/doc/81_FR_57622/page/1.svg)
Document Created: 2018-02-09 11:40:10
Document Modified: 2018-02-09 11:40:10
| 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 | Rules and Regulations | |
| Action | Final regulations; correction. | |
| Dates | This correction is effective August 23, 2016 and applicable July 18, 2016. | |
| Contact | Spence Hanemann at (202) 317-6980 (not a toll-free number). | |
| FR Citation | 81 FR 57459 | |
| RIN Number | 1545-BG41 and 1545-BH38 |
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