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26542 Federal Register / Vol. 72, No.

90 / Thursday, May 10, 2007 / Rules and Regulations

§ 135.364 Maximum flying time outside the Issued in Washington, DC, on May 2, 2007. 2. On page 18387, column 1, in the
United States. Rebecca MacPherson, preamble, under the paragraph heading
After February 15, 2008, no certificate Assistant Chief Counsel, Regulations ‘‘1. Time for Applying the 10-Percent
holder may operate an airplane, other Division. Shareholder Test’’, tenth line of the first
than an all-cargo airplane with more [FR Doc. E7–8810 Filed 5–9–07; 8:45 am] paragraph of the column, the language
than two engines, on a planned route BILLING CODE 4910–13–P ‘‘section 6031(c) is mailed or otherwise’’
that exceeds 180 minutes flying time (at is corrected to read ‘‘section 6031(b) is
the one-engine-inoperative cruise speed mailed or otherwise’’.
under standard conditions in still air) DEPARTMENT OF THE TREASURY LaNita Van Dyke,
from an Adequate Airport outside the Chief, Publications and Regulations Branch,
continental United States unless the Internal Revenue Service Legal Processing Division, Associate Chief
operation is approved by the FAA in Counsel (Procedure and Administration).
accordance with Appendix G of this 26 CFR Part 1 [FR Doc. E7–8923 Filed 5–9–07; 8:45 am]
part, Extended Operations (ETOPS). [TD 9323] BILLING CODE 4830–01–P

■ 5. In appendix G of part 135, in RIN 1545–BF64


section G135.2.8, revise paragraph (c)
and the introductory text to paragraph Revisions to Regulations Relating to DEPARTMENT OF THE TREASURY
(h) to read as follows: Repeal of Tax on Interest of
Internal Revenue Service
Nonresident Alien Individuals and
Appendix G to Part 135—Extended Foreign Corporations Received From
Operations (ETOPS) 26 CFR Part 1
Certain Portfolio Debt Investments;
* * * * * Correction
[TD 9323]
G135.2.8 Maintenance Program AGENCY: Internal Revenue Service (IRS),
Requirements Treasury. RIN 1545–BF64
* * * * * ACTION: Correction to final regulations.
(c) Limitations on dual maintenance. (1) Revisions to Regulations Relating to
Except as specified in paragraph SUMMARY: This document contains Repeal of Tax on Interest of
G135.2.8(c)(2) of this appendix, the corrections to final regulations (TD Nonresident Alien Individuals and
certificate holder may not perform scheduled 9323) that were published in the Foreign Corporations Received From
or unscheduled dual maintenance during the Federal Register on Thursday, April 12, Certain Portfolio Debt Investments;
same maintenance visit on the same or a 2007 (72 FR 18386) relating to the Correction
substantially similar ETOPS Significant exclusion from gross income of portfolio
System listed in the ETOPS maintenance interest paid to a nonresident alien AGENCY: Internal Revenue Service (IRS),
document, if the improper maintenance individual or foreign corporation. Treasury.
could result in the failure of an ETOPS DATES: The correction is effective May ACTION: Correcting amendment.
Significant System. 10, 2007.
(2) In the event dual maintenance as SUMMARY: This document contains a
FOR FURTHER INFORMATION CONTACT:
defined in paragraph G135.2.8(c)(1) of this correction to final regulations (TD 9323)
appendix cannot be avoided, the certificate
Kathryn Holman of the Office of the that were published in the Federal
holder may perform maintenance provided: Associate Chief Counsel (International), Register on Thursday, April 12, 2007
(i) The maintenance action on each (202) 622–3840 (not a toll-free call). (72 FR 18386) relating to the exclusion
affected ETOPS Significant System is SUPPLEMENTARY INFORMATION: from gross income of portfolio interest
performed by a different technician, or paid to a nonresident alien individual or
Background
(ii) The maintenance action on each foreign corporation.
affected ETOPS Significant System is The final regulations that are the
DATES: The correction is effective May
performed by the same technician under the subject of this correction are under
sections 871 and 881 of the Internal 10, 2007.
direct supervision of a second qualified
individual; and Revenue Code. FOR FURTHER INFORMATION CONTACT:
(iii) For either paragraph G135.2.8(c)(2)(i) Kathryn Holman of the Office of the
Need for Correction Associate Chief Counsel (International),
or (ii) of this appendix, a qualified individual
conducts a ground verification test and any As published, final regulations (TD (202) 622–3840 (not a toll-free call).
in-flight verification test required under the 9323) contain errors that may prove to SUPPLEMENTARY INFORMATION:
program developed pursuant to paragraph be misleading and are in need of
G135.2.8(d) of this appendix. clarification. Background
* * * * * The final regulations that are the
Correction of Publication
(h) Enhanced Continuing Analysis and subject of this correction are under
Surveillance System (E–CASS) program. A Accordingly, the publication of the sections 871 and 881 of the Internal
certificate holder’s existing CASS must be final regulations (TD 9323), which were Revenue Code.
enhanced to include all elements of the the subject of FR Doc. E7–6766, is
ETOPS maintenance program. In addition to corrected as follows: Need for Correction
the reporting requirements of § 135.415 and 1. On page 18386, column 3, in the As published, final regulations (TD
§ 135.417, the program includes reporting preamble, under the paragraph heading 9323) contain an error that may prove to
cprice-sewell on PRODPC61 with RULES

procedures, in the form specified in ‘‘1. Time for Applying the 10-Percent be misleading and is in need of
§ 135.415(e), for the following significant Shareholder Test’’, ninth line of the last clarification.
events detrimental to ETOPS within 96 hours paragraph of the column, the language
of the occurrence to the certificate holding ‘‘under section 6031(c) is mailed, or List of Subjects in 26 CFR Part 1
district office (CHDO): the’’ is corrected to read ‘‘under section Income taxes, Reporting and
* * * * * 6031(b) is mailed, or the’’. recordkeeping requirements.

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