82 FR 42233 - Guidance for Determining Stock Ownership; Correction

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 82, Issue 172 (September 7, 2017)

Page Range		42233-42233
FR Document		2017-18983

This document contains corrections to the final regulations (T.D. 9812) that were published in the Federal Register on Wednesday, January 18, 2017. The regulations identify certain stock of a foreign corporation that is disregarded in calculating ownership of the foreign corporation for purposes of determining whether it is a surrogate foreign corporation.

Federal Register, Volume 82 Issue 172 (Thursday, September 7, 2017)

[Federal Register Volume 82, Number 172 (Thursday, September 7, 2017)]
[Rules and Regulations]
[Page 42233]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-18983]



========================================================================
Rules and Regulations
                                                Federal Register
________________________________________________________________________

This section of the FEDERAL REGISTER contains regulatory documents 
having general applicability and legal effect, most of which are keyed 
to and codified in the Code of Federal Regulations, which is published 
under 50 titles pursuant to 44 U.S.C. 1510.

The Code of Federal Regulations is sold by the Superintendent of Documents. 

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


Federal Register / Vol. 82, No. 172 / Thursday, September 7, 2017 / 
Rules and Regulations

[[Page 42233]]



DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9812]
RIN 1545-BL00


Guidance for Determining Stock Ownership; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correcting amendments.

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

SUMMARY: This document contains corrections to the final regulations 
(T.D. 9812) that were published in the Federal Register on Wednesday, 
January 18, 2017. The regulations identify certain stock of a foreign 
corporation that is disregarded in calculating ownership of the foreign 
corporation for purposes of determining whether it is a surrogate 
foreign corporation.

DATES: These corrections are effective on September 7, 2017, and 
applicable beginning January 13, 2017.

FOR FURTHER INFORMATION CONTACT: Joshua G. Rabon, (202) 317-6938 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The final regulations that are the subject of this correction are 
under section 7874 of the Internal Revenue Code.

Need for Correction

    As published, the final regulations contain errors that may prove 
to be misleading and need to be clarified.

List of Subjects in 26 CFR Part 1

    Income taxes, Reporting and recordkeeping requirements.

Correction of Publication

    Accordingly, 26 CFR part 1 is corrected by making the following 
correcting amendments:

PART 1--INCOME TAXES

0
Paragraph 1. The authority citation for part 1 continues to read in 
part as follows:

    Authority:  26 U.S.C. 7805 * * *


0
Par. 2. Section 1.7874-4 is amended by revising paragraphs 
(i)(2)(iii)(A), (i)(2)(iii)(C) introductory text, and (i)(2)(iii)(C)(2) 
to read as follows:


Sec.  1.7874-4  Disregard of certain stock related to the domestic 
entity acquisition.

* * * * *
    (i) * * *
    (2) * * *
    (iii) * * *
    (A) A member of the expanded affiliated group, unless the holder of 
the obligation immediately before the domestic entity acquisition and 
any related transaction (or its successor) is a member of the expanded 
affiliated group after the domestic entity acquisition and all related 
transactions. See Example 6 of paragraph (j) of this section for an 
illustration of this paragraph (i)(2)(iii)(A).
* * * * *
    (C) A person, other than a member of the expanded affiliated group, 
that, before or after the domestic entity acquisition, either owns 
(applying the attribution rules of section 318(a) with the 
modifications described in section 304(c)(3)(B)) at least five percent 
(by vote or value) of the stock of (or partnership interests in) or is 
related (within the meaning of section 267 or 707(b)) to--
* * * * *
    (2) A person described in paragraph (i)(2)(iii)(B) of this section.
* * * * *

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division 
(Associate Chief Counsel), Procedure and Administration.
[FR Doc. 2017-18983 Filed 9-6-17; 8:45 am]
 BILLING CODE 4830-01-P

42233

Rules and Regulations Federal Register
Vol. 82, No. 172

Thursday, September 7, 2017

This section of the FEDERAL REGISTER Correction of Publication ENVIRONMENTAL PROTECTION
contains regulatory documents having general AGENCY
applicability and legal effect, most of which Accordingly, 26 CFR part 1 is
are keyed to and codified in the Code of corrected by making the following 40 CFR Part 52
Federal Regulations, which is published under correcting amendments:
50 titles pursuant to 44 U.S.C. 1510. [EPA–R01–OAR–2013–0089; A–1–FRL–
9967–28–Region 1]
PART 1—INCOME TAXES
The Code of Federal Regulations is sold by
the Superintendent of Documents. Air Plan Approval; Maine; New Motor
■ Paragraph 1. The authority citation Vehicle Emission Standards
for part 1 continues to read in part as
DEPARTMENT OF THE TREASURY follows: AGENCY: Environmental Protection
Agency.
Internal Revenue Service Authority: 26 U.S.C. 7805 * * *
ACTION: Final rule.
■ Par. 2. Section 1.7874–4 is amended
26 CFR Part 1 by revising paragraphs (i)(2)(iii)(A), SUMMARY: The Environmental Protection
Agency (EPA) is approving a State
(i)(2)(iii)(C) introductory text, and
[TD 9812] Implementation Plan (SIP) revision
(i)(2)(iii)(C)(2) to read as follows:
submitted by the State of Maine on
§ 1.7874–4 Disregard of certain stock August 18, 2015. This SIP revision
RIN 1545–BL00
related to the domestic entity acquisition. includes Maine’s revised regulation for
Guidance for Determining Stock * * * * * new motor vehicle emission standards.
Ownership; Correction Maine has updated its rule to be
(i) * * * consistent with various updates made to
AGENCY: Internal Revenue Service (IRS), (2) * * * California’s low emission vehicle (LEV)
Treasury. (iii) * * * program. Maine has adopted these
revisions to reduce emissions of volatile
ACTION: Correcting amendments. (A) A member of the expanded organic compounds (VOC) and nitrogen
affiliated group, unless the holder of the oxides (NOX) in accordance with the
SUMMARY: This document contains obligation immediately before the requirements of the Clean Air Act
corrections to the final regulations (T.D. domestic entity acquisition and any (CAA), as well as to reduce greenhouse
9812) that were published in the related transaction (or its successor) is a gases. The intended effect of this action
Federal Register on Wednesday, member of the expanded affiliated is to approve Maine’s August 15, 2015
January 18, 2017. The regulations group after the domestic entity SIP revision. This action is being taken
identify certain stock of a foreign acquisition and all related transactions. in accordance with the Clean Air Act.
corporation that is disregarded in
See Example 6 of paragraph (j) of this DATES: This rule is effective on October
calculating ownership of the foreign
section for an illustration of this 10, 2017.
corporation for purposes of determining
whether it is a surrogate foreign paragraph (i)(2)(iii)(A). ADDRESSES: EPA has established a
corporation. * * * * * docket for this action under Docket
(C) A person, other than a member of Identification No. EPA–R01–OAR–
DATES: These corrections are effective 2013–0089. All documents in the docket
on September 7, 2017, and applicable the expanded affiliated group, that,
before or after the domestic entity are listed on the http://
beginning January 13, 2017. www.regulations.gov Web site. Although
acquisition, either owns (applying the
FOR FURTHER INFORMATION CONTACT: attribution rules of section 318(a) with listed in the index, some information is
Joshua G. Rabon, (202) 317–6938 (not a not publicly available, i.e., CBI or other
the modifications described in section
toll-free number). information whose disclosure is
304(c)(3)(B)) at least five percent (by
restricted by statute. Certain other
SUPPLEMENTARY INFORMATION: vote or value) of the stock of (or material, such as copyrighted material,
partnership interests in) or is related is not placed on the Internet and will be
Background
(within the meaning of section 267 or publicly available only in hard copy
The final regulations that are the 707(b)) to— form. Publicly available docket
subject of this correction are under * * * * * materials are available at http://
section 7874 of the Internal Revenue www.regulations.gov or at the U.S.
(2) A person described in paragraph
Code. Environmental Protection Agency, EPA
(i)(2)(iii)(B) of this section.
Need for Correction New England Regional Office, Office of
* * * * * Ecosystem Protection, Air Quality
pmangrum on DSK3GDR082PROD with RULES

As published, the final regulations Martin V. Franks, Planning Unit, 5 Post Office Square—
contain errors that may prove to be Suite 100, Boston, MA. EPA requests
Chief, Publications and Regulations Branch,
misleading and need to be clarified. Legal Processing Division (Associate Chief that if at all possible, you contact the
List of Subjects in 26 CFR Part 1 Counsel), Procedure and Administration. contact listed in the FOR FURTHER
[FR Doc. 2017–18983 Filed 9–6–17; 8:45 am] INFORMATION CONTACT section to
Income taxes, Reporting and schedule your inspection. The Regional
BILLING CODE 4830–01–P
recordkeeping requirements. Office’s official hours of business are

VerDate Sep<11>2014 14:53 Sep 06, 2017 Jkt 241001 PO 00000 Frm 00001 Fmt 4700 Sfmt 4700 E:\FR\FM\07SER1.SGM 07SER1

Document Created: 2017-09-07 02:01:56
Document Modified: 2017-09-07 02:01:56

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		Correcting amendments.
Dates		These corrections are effective on September 7, 2017, and applicable beginning January 13, 2017.
Contact		Joshua G. Rabon, (202) 317-6938 (not a toll-free number).
FR Citation		82 FR 42233
RIN Number		1545-BL00
CFR Associated		Income Taxes and Reporting and Recordkeeping Requirements

82 FR 42233 - Guidance for Determining Stock Ownership; Correction

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 82, Issue 172 (September 7, 2017)

DEPARTMENT OF THE TREASURY
Internal Revenue Service