Proposed Rule2022-27969
Income of Foreign Governments and International Organizations; Comment Period Reopening
Primary source
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Published
December 29, 2022
Issuing agencies
Treasury DepartmentInternal Revenue Service
Abstract
The Department of the Treasury and the IRS are reopening the comment period for REG-146537-06, relating to the exemption from taxation afforded to foreign governments under section 892.
Full Text
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<title>Federal Register, Volume 87 Issue 249 (Thursday, December 29, 2022)</title>
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[Federal Register Volume 87, Number 249 (Thursday, December 29, 2022)]
[Proposed Rules]
[Pages 80108-80109]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-27969]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Parts 1 and 602
[REG-146537-06]
RIN 1545-BG08
Income of Foreign Governments and International Organizations;
Comment Period Reopening
AGENCY: Internal Revenue Service (IRS), Treasury.
[[Page 80109]]
ACTION: Notice of proposed rulemaking; reopening of comment period.
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SUMMARY: The Department of the Treasury and the IRS are reopening the
comment period for REG-146537-06, relating to the exemption from
taxation afforded to foreign governments under section 892.
DATES: The comment period is reopened, and additional written or
electronic comments and requests for a public hearing must be received
by February 27, 2023.
ADDRESSES: Commenters are strongly encouraged to submit additional
public comments electronically. Submit electronic submissions via the
Federal eRulemaking Portal at <a href="http://www.regulations.gov">www.regulations.gov</a> (indicate IRS and
REG-146537-06) by following the online instructions for submitting
comments. Once submitted to the Federal eRulemaking Portal, comments
cannot be edited or withdrawn. The Department of the Treasury (the
``Treasury Department'') and the Internal Revenue Service (the ``IRS'')
will publish for public availability any comment submitted
electronically, and on paper, to its public docket. Send hard copy
submissions to: CC:PA:LPD:PR (REG-146537-06), Room 5203, Internal
Revenue Service, P.O. Box 7604, Ben Franklin Station, Washington, DC
20044. Submissions may be hand delivered Monday through Friday between
the hours of 8 a.m. and 4 p.m. to CC:PA:LPD:PR (REG-146537-06),
Courier's Desk, Internal Revenue Service, 1111 Constitution Avenue NW,
Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT: Joel Deuth at (202) 317-6938;
concerning submissions of comments or requests for a public hearing,
Vivian Hayes at (202) 317-5306 (not toll-free numbers) or by sending an
email to <a href="/cdn-cgi/l/email-protection#55252037393c363d3034273c3b3226153c27267b323a23"><span class="__cf_email__" data-cfemail="e19194838d888289848093888f8692a1889392cf868e97">[email protected]</span></a> (preferred).
SUPPLEMENTARY INFORMATION: Generally, the 2011 proposed regulations
provide guidance relating to the exemption from taxation afforded to
foreign governments from qualified investments in the United States
under section 892 of the Internal Revenue Code. The Treasury Department
and the IRS are considering finalizing the 2011 proposed regulations
and, therefore, are reopening the comment period with respect to the
2011 proposed regulations for 60 days. Comments that were previously
submitted in accordance with the 2011 proposed regulations will be
considered and do not need to be submitted again in response to this
reopening of the comment period. The 2011 proposed regulations may be
finalized in conjunction with finalizing the proposed regulations
published in this issue of the Federal Register regarding the treatment
of certain entities for purposes of the section 892 exemption that
relate in some respects to certain provisions of the 2011 proposed
regulations.
Requests for Public Hearing: A public hearing will be scheduled if
requested in writing by any person who timely submits written comments.
Requests for a public hearing are encouraged to be made electronically.
If a public hearing is scheduled, notice of the date and time for the
public hearing will be published in the Federal Register. Announcement
2020-4, 2020-17 IRB 667, provides that until further notice, public
hearings conducted by the IRS will be held telephonically. Any
telephonic hearing will be made accessible to people with disabilities.
Oluwafunmilayo A. Taylor,
Chief, Publications and Regulations Branch, Legal Processing Division,
Associate Chief Counsel, (Procedure and Administration).
[FR Doc. 2022-27969 Filed 12-28-22; 8:45 am]
BILLING CODE 4830-01-P
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