83 FR 24661 - Income Taxes
DEPARTMENT OF THE TREASURY
Internal Revenue Service Federal Register Volume 83, Issue 104 (May 30, 2018)
Internal Revenue Service
Federal Register Volume 83, Issue 104 (May 30, 2018)
| Page Range | 24661-24661 | |
| FR Document | 2018-11690 |
[Federal Register Volume 83, Number 104 (Wednesday, May 30, 2018)] [Rules and Regulations] [Page 24661] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-11690] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Part 1 Income Taxes CFR Correction 0 In Title 26 of the Code of Federal Regulations, Part 1 (Sec. Sec. 1.140 to 1.169), revised as of April 1, 2018, on page 88, in Sec. 1.148-1, paragraph (e)(3) is reinstated to read as follows: Sec. 1.148-1 Definitions and elections. * * * * * (e) * * * (3) Certain hedges. Investment-type property also includes the investment element of a contract that is a hedge (within the meaning of Sec. 1.148-4(h)(2)(i)(A)) and that contains a significant investment element because a payment by the issuer relates to a conditional or unconditional obligation by the hedge provider to make a payment on a later date. See Sec. 1.148-4(h)(2)(ii) relating to hedges with a significant investment element. * * * * * [FR Doc. 2018-11690 Filed 5-29-18; 8:45 am] BILLING CODE 1301-00-D
![Federal Register / Vol. 83, No. 104 / Wednesday, May 30, 2018 / Rules and Regulations 24661
for rehearing is denied, as discussed in New Jersey’s State Implementation Plan state to make a new SIP submission
the body of this order. (SIP) revision submittal regarding the within three years after the EPA
By the Commission. infrastructure requirements of section promulgates a new or revised NAAQS
Issued: May 17, 2018.
110(a)(1) and (2) of the Clean Air Act for approval into the existing federally-
(CAA) for the 2008 lead, 2008 ozone, approved SIP to assure that the SIP
Nathaniel J. Davis, Sr.,
2010 nitrogen dioxide, 2010 sulfur meets the applicable requirements for
Deputy Secretary. dioxide, 2011 carbon monoxide, 2006 such new and revised NAAQS.
[FR Doc. 2018–11537 Filed 5–29–18; 8:45 am] particulate matter of 10 microns or less On March 1, 2018 (83 FR 8818), the
BILLING CODE 6717–01–P (PM10), and 2012 particulate matter of EPA published a Notice of Proposed
2.5 microns or less (PM2.5) National Rulemaking (NPR) in the Federal
Ambient Air Quality Standards Register for the State of New Jersey. The
DEPARTMENT OF THE TREASURY (NAAQS). The EPA is also approving NPR proposed to approve elements of
three infrastructure requirements of the the State of New Jersey’s Infrastructure
Internal Revenue Service 1997 ozone and the 1997 and 2006 SIP submission, dated October 17, 2014,
PM2.5 NAAQS. The infrastructure and as supplemented on March 15,
26 CFR Part 1 requirements are designed to ensure that 2017, as meeting the CAA section 110(a)
the structural components of each infrastructure requirements for the
Income Taxes following NAAQS: 2008 ozone, 2008
state’s air quality management program
CFR Correction are adequate to meet the state’s lead, 2010 nitrogen dioxide (NO2), 2010
responsibilities under the CAA. sulfur dioxide (SO2), 2011 carbon
■ In Title 26 of the Code of Federal monoxide (CO), 2006 particulate matter
DATES: This final rule is effective on
Regulations, Part 1 (§§ 1.140 to 1.169), of 10 microns or less (PM10), and 2012
June 29, 2018.
revised as of April 1, 2018, on page 88, particulate matter of 2.5 microns or less
in § 1.148–1, paragraph (e)(3) is ADDRESSES: The EPA has established a
(PM2.5). Although not specifically
reinstated to read as follows: docket for this action under Docket ID
required by 110(a)(1) since neither
Number EPA–R02–OAR–2016–0625. All
NAAQS was new or revised,1 the SIP
§ 1.148–1 Definitions and elections. documents in the docket are listed on
submission included infrastructure
* * * * * the http://www.regulations.gov website.
requirements for the 2006 PM10 and
(e) * * * Although listed in the index, some
2011 CO NAAQS. As explained in the
(3) Certain hedges. Investment-type information is not publicly available,
NPR, the State has the necessary
property also includes the investment e.g., Confidential Business Information
infrastructure, resources and general
element of a contract that is a hedge (CBI) or other information whose
authority to implement the 2008 ozone,
(within the meaning of § 1.148– disclosure is restricted by statute.
2008 lead, 2010 NO2, 2010 SO2, 2011
4(h)(2)(i)(A)) and that contains a Certain other material, such as
CO, 2006 PM10, and 2012 PM2.5 NAAQS,
significant investment element because copyrighted material, is not placed on
except where specifically noted.
a payment by the issuer relates to a the internet and will be publicly The EPA also proposed to approve
conditional or unconditional obligation available only in hard copy form. three CAA section 110(a) infrastructure
by the hedge provider to make a Publicly available docket materials are requirements for the 1997 ozone and the
payment on a later date. See § 1.148– available electronically through http:// 1997 and 2006 PM2.5 NAAQS that were
4(h)(2)(ii) relating to hedges with a www.regulations.gov. conditionally approved by the EPA on
significant investment element. FOR FURTHER INFORMATION CONTACT: June 14, 2013 (78 FR 35764). New
* * * * * Anthony (Ted) Gardella, Environmental Jersey’s response to the conditional
[FR Doc. 2018–11690 Filed 5–29–18; 8:45 am] Protection Agency, 290 Broadway, New approval was not submitted to EPA
BILLING CODE 1301–00–D York, New York 10007–1866, at (212) within one year, but was submitted
637–3892, or by email at approximately three months late, and
Gardella.Anthony@epa.gov. supplemented on March 15, 2017, so the
ENVIRONMENTAL PROTECTION SUPPLEMENTARY INFORMATION: The conditional approval is treated as a
AGENCY SUPPLEMENTARY INFORMATION section is disapproval. The EPA also proposed to
arranged as follows: approve New Jersey’s October 17, 2014
40 CFR Part 52 submittal, as supplemented on March
Table of Contents 15, 2017, for the 1997 ozone and the
[EPA–R02–OAR–2016–0625, FRL–9978–
24—Region 2] I. What is the background for this action? 1997 and 2006 PM2.5 NAAQS.
II. What comments were received in response Other detailed information relevant to
Approval and Promulgation of Air to the EPA’s proposed action? this action on New Jersey’s
Quality Implementation Plans; New III. What action is the EPA taking? infrastructure SIP submission, the
Jersey; Infrastructure Requirements IV. Incororation by Reference requirements of infrastructure SIPs and
for the 2008 Lead, 2008 Ozone, 2010 V. Statutory and Executive Order Reviews the rationale for the EPA’s proposed
Nitrogen Dioxide, 2010 Sulfur Dioxide, I. What is the background for this action are explained in the NPR and the
2011 Carbon Monoxide, 2006 PM10, action? associated Technical Support Document
2012 PM2.5, 1997 Ozone, and the 1997 (TSD) in the docket and are not restated
Under sections 110(a)(1) and (2) of the here.
and 2006 PM2.5 National Ambient Air
Clean Air Act (CAA), each state is
Quality Standards
sradovich on DSK3GMQ082PROD with RULES
required to submit a State 1 EPA notes that, when promulgated, the 2006 24
AGENCY: Environmental Protection Implementation Plan (SIP) that provides hour PM10 NAAQS and the 2011 primary CO
Agency (EPA). for the implementation, maintenance, NAAQS were neither ‘‘new’’ nor ‘‘revised’’
and enforcement of a revised primary or NAAQS—they merely retained, without revision,
ACTION: Final rule. prior NAAQS for those pollutants. Accordingly,
secondary National Ambient Air Quality promulgation of these NAAQS did not trigger a new
SUMMARY: The Environmental Protection Standards (NAAQS or standard). CAA obligation for New Jersey to make infrastructure SIP
Agency (EPA) is approving elements of sections 110(a)(1) and (2) require each submissions.
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Document Created: 2018-05-30 01:01:42
Document Modified: 2018-05-30 01:01:42
| 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 | |
| FR Citation | 83 FR 24661 |
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