Proposed Rule2024-08419
Taxes on Taxable Distributions From Donor Advised Funds Under Section 4966; Hearing
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
April 19, 2024
Issuing agencies
Treasury DepartmentInternal Revenue Service
Abstract
This document provides a notice of public hearing on proposed regulations regarding excise taxes on taxable distributions made by a sponsoring organization from a donor advised fund (DAF), and on the agreement of certain fund managers to the making of such distributions.
Full Text
<html>
<head>
<title>Federal Register, Volume 89 Issue 77 (Friday, April 19, 2024)</title>
</head>
<body><pre>
[Federal Register Volume 89, Number 77 (Friday, April 19, 2024)]
[Proposed Rules]
[Pages 28690-28691]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-08419]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 53
[REG-142338-07]
RIN 1545-BI33
Taxes on Taxable Distributions From Donor Advised Funds Under
Section 4966; Hearing
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice of proposed rulemaking; notice of hearing.
-----------------------------------------------------------------------
SUMMARY: This document provides a notice of public hearing on proposed
regulations regarding excise taxes on taxable distributions made by a
sponsoring organization from a donor advised fund (DAF), and on the
agreement of certain fund managers to the making of such distributions.
DATES: The public hearing on these proposed regulations has been
scheduled for Monday, May 6, 2024, at 10:00 a.m. ET and Tuesday, May 7,
2024, at 10:00 a.m. ET.
ADDRESSES: On Monday, May 6, 2024, the public hearing will be held in
the Auditorium, at the Internal Revenue Service Building, 1111
Constitution Avenue NW, Washington, DC. Due to security procedures,
visitors must enter at the Constitution Avenue entrance. In addition,
all visitors must present a valid photo identification to enter the
building. Because of access restrictions,
[[Page 28691]]
visitors will not be admitted beyond the immediate entrance area more
than 30 minutes before the hearing starts. Participants may
alternatively attend the public hearing by telephone.
On Tuesday, May 7, 2024, the public hearing will be held by
telephone only.
FOR FURTHER INFORMATION CONTACT: Concerning the proposed regulations,
call Christopher A. Hyde at (202) 317-5800 (not a toll-free number);
concerning submissions of comments, the hearing and/or to be placed on
the building access list to attend the public hearing, call Vivian
Hayes (202-317-6901) (not a toll-free number) or by email to
<a href="/cdn-cgi/l/email-protection#c4b4b1a6a8ada7aca1a5b6adaaa3b784adb6b7eaa3abb2"><span class="__cf_email__" data-cfemail="1a6a6f78767379727f7b6873747d695a736869347d756c">[email protected]</span></a> (preferred).
SUPPLEMENTARY INFORMATION: The subject of the public hearing is the
notice of proposed rulemaking (REG-142338-07) that was published in the
Federal Register on Tuesday, November 14, 2023, (88 FR 77922).
Persons who wished to present oral comments at the public hearing
were required to submit an outline of the topics to be discussed as
well as the time to be devoted to each topic by April 5, 2024. This due
date for requests to testify has not been extended. Persons who made
timely requests to testify will receive the telephone number and access
codes for the public hearing.
An agenda showing the scheduling of the speakers will be prepared
after the deadline for receiving outlines has passed. Copies of the
agenda will be available free of charge at the hearing, and via the
Federal eRulemaking Portal (<a href="http://www.Regulations.gov">www.Regulations.gov</a>) under the title of
Supporting & Related Material.
Individuals who want to attend the public hearing in person without
testifying must send an email to <a href="/cdn-cgi/l/email-protection#c3b3b6a1afaaa0aba6a2b1aaada4b083aab1b0eda4acb5"><span class="__cf_email__" data-cfemail="5d2d283f31343e35383c2f34333a2e1d342f2e733a322b">[email protected]</span></a> to have your
name added to the building access list. The subject line of the email
must contain the regulation number REG-142338-07 and the language
ATTEND In Person. For example, the subject line may say: Request to
ATTEND Hearing In Person for REG-142338-07. Requests to attend the
public hearing must be received by 5:00 p.m. ET on May 1, 2024.
Individuals who want to attend the public hearing by telephone
without testifying must also send an email to <a href="/cdn-cgi/l/email-protection#2f5f5a4d43464c474a4e5d4641485c6f465d5c01484059"><span class="__cf_email__" data-cfemail="0b7b7e69676268636e6a7962656c784b627978256c647d">[email protected]</span></a> to
receive the telephone number and access code for the hearing. The
subject line of the email must contain the regulation number REG-
142338-07, and the language ATTEND Hearing Telephonically. For example,
the subject line may say: Request to ATTEND Hearing Telephonically for
REG-142338-07. Requests to attend the public hearing must be received
by 5:00 p.m. ET on May 1, 2024.
Hearings will be made accessible to people with disabilities. To
request special assistance during a hearing please contact the
Publications and Regulations Section of the Office of Associate Chief
Counsel (Procedure and Administration) by sending an email to
<a href="/cdn-cgi/l/email-protection#afdfdacdc3c6ccc7caceddc6c1c8dcefc6dddc81c8c0d9"><span class="__cf_email__" data-cfemail="e29297808e8b818a8783908b8c8591a28b9091cc858d94">[email protected]</span></a> (preferred) or by telephone at (202) 317-6901
(not a toll-free number) by 5:00 p.m. ET on April 30, 2024.
Any questions regarding speaking at or attending a public hearing
may also be emailed to <a href="/cdn-cgi/l/email-protection#6a1a1f08060309020f0b1803040d192a031819440d051c"><span class="__cf_email__" data-cfemail="235356414f4a404b4642514a4d4450634a51500d444c55">[email protected]</span></a>.
Oluwafunmilayo A. Taylor,
Section Chief, Publications and Regulations Section, Associate Chief
Counsel (Procedure and Administration).
[FR Doc. 2024-08419 Filed 4-18-24; 8:45 am]
BILLING CODE 4830-01-P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on April 19, 2024.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.