81 FR 94805 - Semiannual Agenda and Fiscal Year 2016 Regulatory Plan
DEPARTMENT OF THE TREASURY Federal Register Volume 81, Issue 247 (December 23, 2016)
Federal Register Volume 81, Issue 247 (December 23, 2016)
| Page Range | 94805-94806 | |
| FR Document | 2016-29911 |
[Federal Register Volume 81, Number 247 (Friday, December 23, 2016)] [Unknown Section] [Pages 94805-94806] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-29911] [[Page 94805]] Vol. 81 Friday, No. 247 December 23, 2016 Part XV Department of the Treasury ----------------------------------------------------------------------- Semiannual Regulatory Agenda Federal Register / Vol. 81 , No. 247 / Friday, December 23, 2016 / Unified Agenda [[Page 94806]] ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY 31 CFR Subtitles A and B Semiannual Agenda and Fiscal Year 2016 Regulatory Plan AGENCY: Department of the Treasury. ACTION: Semiannual regulatory agenda and annual regulatory plan. ----------------------------------------------------------------------- SUMMARY: This notice is given pursuant to the requirements of the Regulatory Flexibility Act and Executive Order (E.O.) 12866 (``Regulatory Planning and Review''), which require the publication by the Department of a semiannual agenda of regulations. E.O. 12866 also requires the publication by the Department of a regulatory plan for the upcoming fiscal year. FOR FURTHER INFORMATION CONTACT: The Agency Contact identified in the item relating to that regulation. SUPPLEMENTARY INFORMATION: The semiannual regulatory agenda includes regulations that the Department has issued or expects to issue and rules currently in effect that are under departmental or bureau review. For this edition of the regulatory agenda, the most important significant regulatory actions and a Statement of Regulatory Priorities are included in the Regulatory Plan, which appears in both the online Unified Agenda and in part II of the Federal Register publication that includes the Unified Agenda. Beginning with the fall 2007 edition, the Internet has been the primary medium for disseminating the Unified Agenda. The complete Unified Agenda will be available online at www.reginfo.gov and www.regulations.gov, in a format that offers users an enhanced ability to obtain information from the Agenda database. Because publication in the Federal Register is mandated for the regulatory flexibility agenda required by the Regulatory Flexibility Act (5 U.S.C. 602), Treasury's printed agenda entries include only: (1) Rules that are in the regulatory flexibility agenda, in accordance with the Regulatory Flexibility Act, because they are likely to have a significant economic impact on a substantial number of small entities; and (2) Rules that have been identified for periodic review under section 610 of the Regulatory Flexibility Act. Printing of these entries is limited to fields that contain information required by the Regulatory Flexibility Act's Agenda requirements. Additional information on these entries is available in the Unified Agenda published on the Internet. In addition, for fall editions of the Agenda, the entire Regulatory Plan will continue to be printed in the Federal Register, as in past years. Brian J. Sonfield, Deputy Assistant General Counsel for General Law and Regulation. Internal Revenue Service--Final Rule Stage ------------------------------------------------------------------------ Regulation Sequence No. Title Identifier No. ------------------------------------------------------------------------ 382....................... Issue Price Definition for 1545-BM46 Tax-Exempt Bonds. 383....................... Deemed Distributions Under 1545-BN07 Section 305(c) of Stock and Rights to Acquire Stock. ------------------------------------------------------------------------ DEPARTMENT OF THE TREASURY (TREAS) Internal Revenue Service (IRS) Final Rule Stage 382. Issue Price Definition for Tax-Exempt Bonds Legal Authority: 26 U.S.C. 148(i); 26 U.S.C. 7805 Abstract: The final regulations define issue price for purposes of the arbitrage restrictions under section 148 of the Internal Revenue Code applicable to tax-exempt bonds and other tax-advantaged bonds. Timetable: ------------------------------------------------------------------------ Action Date FR Cite ------------------------------------------------------------------------ NPRM................................ 06/24/15 80 FR 36301 NPRM Comment Period End............. 09/22/15 ....................... Final Action........................ 12/00/16 ....................... ------------------------------------------------------------------------ Regulatory Flexibility Analysis Required: Yes. Agency Contact: Lewis Bell, Tax Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 20224, Phone: 202 317-4565, Fax: 855 574-9028, Email: [email protected]. RIN: 1545-BM46 383. Deemed Distributions Under Section 305(c) of Stock and Rights To Acquire Stock Legal Authority: 26 U.S.C. 7805 Abstract: Provide guidance on the amount and timing of distributions under section 305(c) and 305(b), and to clarify that deemed distributions caused by changes in conversion ratios are considered a distribution of additional rights to acquire the underlying stock, and not a distribution of the underlying stock itself. Guidance is also provided to withholding agents regarding their withholding obligations, and on information reporting for such distributions under sections 860G, 861, 1441, 1461, 1471, 1473, and 6045(B). Timetable: ------------------------------------------------------------------------ Action Date FR Cite ------------------------------------------------------------------------ NPRM................................ 04/13/16 81 FR 21795 NPRM Comment Period End............. 07/12/16 ....................... Final Action........................ 12/00/16 ....................... ------------------------------------------------------------------------ Regulatory Flexibility Analysis Required: Yes. Agency Contact: Maurice LaBrie, Attorney, Department of the Treasury, Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC 20224, Phone: 202 317-5024. RIN: 1545-BN07 [FR Doc. 2016-29911 Filed 12-22-16; 8:45 am] BILLING CODE 4810-01-P
![94806 Federal Register / Vol. 81, No. 247 / Friday, December 23, 2016 / Unified Agenda
DEPARTMENT OF THE TREASURY regulations that the Department has 602), Treasury’s printed agenda entries
issued or expects to issue and rules include only:
31 CFR Subtitles A and B currently in effect that are under (1) Rules that are in the regulatory
departmental or bureau review. For this flexibility agenda, in accordance with
Semiannual Agenda and Fiscal Year edition of the regulatory agenda, the the Regulatory Flexibility Act, because
2016 Regulatory Plan most important significant regulatory they are likely to have a significant
AGENCY: Department of the Treasury. actions and a Statement of Regulatory economic impact on a substantial
ACTION:Semiannual regulatory agenda Priorities are included in the Regulatory number of small entities; and
and annual regulatory plan. Plan, which appears in both the online (2) Rules that have been identified for
Unified Agenda and in part II of the periodic review under section 610 of the
SUMMARY: This notice is given pursuant Federal Register publication that Regulatory Flexibility Act.
to the requirements of the Regulatory includes the Unified Agenda.
Flexibility Act and Executive Order Printing of these entries is limited to
Beginning with the fall 2007 edition,
(E.O.) 12866 (‘‘Regulatory Planning and fields that contain information required
the Internet has been the primary
Review’’), which require the publication by the Regulatory Flexibility Act’s
medium for disseminating the Unified
by the Department of a semiannual Agenda requirements. Additional
Agenda. The complete Unified Agenda
agenda of regulations. E.O. 12866 also information on these entries is available
will be available online at
requires the publication by the in the Unified Agenda published on the
www.reginfo.gov and
Department of a regulatory plan for the Internet. In addition, for fall editions of
www.regulations.gov, in a format that
upcoming fiscal year. the Agenda, the entire Regulatory Plan
offers users an enhanced ability to
FOR FURTHER INFORMATION CONTACT: The
will continue to be printed in the
obtain information from the Agenda
Agency Contact identified in the item Federal Register, as in past years.
database. Because publication in the
relating to that regulation. Federal Register is mandated for the Brian J. Sonfield,
SUPPLEMENTARY INFORMATION: The regulatory flexibility agenda required by Deputy Assistant General Counsel for General
semiannual regulatory agenda includes the Regulatory Flexibility Act (5 U.S.C. Law and Regulation.
INTERNAL REVENUE SERVICE—FINAL RULE STAGE
Regulation
Sequence No. Title Identifier No.
382 .................... Issue Price Definition for Tax-Exempt Bonds .................................................................................................. 1545–BM46
383 .................... Deemed Distributions Under Section 305(c) of Stock and Rights to Acquire Stock ...................................... 1545–BN07
DEPARTMENT OF THE TREASURY Regulatory Flexibility Analysis withholding agents regarding their
(TREAS) Required: Yes. withholding obligations, and on
Agency Contact: Lewis Bell, Tax information reporting for such
Internal Revenue Service (IRS)
Attorney, Department of the Treasury, distributions under sections 860G, 861,
Final Rule Stage Internal Revenue Service, 1111 1441, 1461, 1471, 1473, and 6045(B).
Constitution Avenue NW., Washington, Timetable:
382. Issue Price Definition for Tax-
DC 20224, Phone: 202 317–4565, Fax:
Exempt Bonds Action Date FR Cite
855 574–9028, Email: lewis.bell@
Legal Authority: 26 U.S.C. 148(i); 26 irscounsel.treas.gov.
U.S.C. 7805 RIN: 1545–BM46 NPRM .................. 04/13/16 81 FR 21795
Abstract: The final regulations define NPRM Comment 07/12/16
issue price for purposes of the arbitrage 383. Deemed Distributions Under Period End.
Section 305(c) of Stock and Rights To Final Action ......... 12/00/16
restrictions under section 148 of the
Internal Revenue Code applicable to tax- Acquire Stock
Regulatory Flexibility Analysis
exempt bonds and other tax-advantaged Legal Authority: 26 U.S.C. 7805 Required: Yes.
bonds. Abstract: Provide guidance on the Agency Contact: Maurice LaBrie,
Timetable: amount and timing of distributions Attorney, Department of the Treasury,
under section 305(c) and 305(b), and to Internal Revenue Service, 1111
Action Date FR Cite clarify that deemed distributions caused Constitution Avenue NW., Washington,
by changes in conversion ratios are DC 20224, Phone: 202 317–5024.
NPRM .................. 06/24/15 80 FR 36301 considered a distribution of additional
NPRM Comment 09/22/15 RIN: 1545–BN07
Period End.
rights to acquire the underlying stock,
[FR Doc. 2016–29911 Filed 12–22–16; 8:45 am]
Final Action ......... 12/00/16 and not a distribution of the underlying
BILLING CODE 4810–01–P
stock itself. Guidance is also provided to
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Document Created: 2016-12-23 12:29:17
Document Modified: 2016-12-23 12:29:17
| 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 | Semiannual regulatory agenda and annual regulatory plan. | |
| Contact | The Agency Contact identified in the item relating to that regulation. | |
| FR Citation | 81 FR 94805 |
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