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RIN ID: RIN 1545-AX95; RIN 1545-BB05
REG ID: [REG-106590-00, REG-138499-02]
SUBJECT CATEGORY: Depreciation of MACRS Property That Is Acquired in a Like-Kind Exchange or as a Result of an Involuntary Conversion; Correction
DOCUMENT SUMMARY: This document corrects a notice of proposed rulemaking; notice of proposed rulemaking by crossreference to temporary regulations; notice of public hearing; and partial withdrawal of proposed regulations (REG10659000, REG13849902) that were published in the Federal Register on Monday, March 1, 2004 (69 FR 9560) relating to the depreciation of property subject to section 168 of the Internal Revenue Code (MACRS property).
SUMMARY: Modified accelerated cost recovery system property; changes in use; depreciation; correction,
The notice of proposed rulemaking; notice of proposed rulemaking by crossreference to temporary regulations; notice of public hearing; and partial withdrawal of proposed regulations (REG10659000, REG138499 02) that is the subject of this correction are under section 168 of the Internal Revenue Code.
As published, the notice of proposed rulemaking; notice of proposed rulemaking by crossreference to temporary regulations; notice of public hearing; and partial withdrawal of proposed regulations (REG 10659000, REG13849902) contains errors that may prove to be misleading and is in need of clarification.
Accordingly, the notice of proposed rulemaking; notice of proposed rulemaking by crossreference to temporary regulations; notice of public hearing; and partial withdrawal of proposed regulations (REG 10659000, REG13849902), is corrected as follows:
1. On page 9560, column 3, in the preamble, under the caption SUMMARY, line 10, the language ``(REG13949902) published July 21,'' is corrected to read ``(REG13849902) published July 21,''.
2. On page 9562, column 1, Sec. 1.168(i)1, paragraph (e)(3)(iii)(B)(4), lines 1 through 4, the language ``(4) (The text of the proposed amendment to Sec. 1.168(i)1(e)(3)(iii)(B)(4) is the same as the text of Sec. 1.168(i)1T(e)(3)(iii)(B)(4) published'' is corrected to read ``(4) (The text of the proposed amendment to Sec. 1.168(i)1(e)(3)(iii)(B)(4) is the same as the text of Sec. 1.168(i) 1T(e)(3)(iii)(B)(4) published''.
3. On page 9562, column 2, Sec. 1.168(k)1, paragraph (g), line 3, the language ``1(g)(1) is the same as
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Sec. 1.168(g)'' is corrected to read ``1(g)(1) is the same as Sec. 1.168(k)''.
Cynthia E. Grigsby,
Acting Chief, Publications and Regulations Branch, Legal Processing
Division, Associate Chief Counsel (Procedures and Administration). [FR Doc. 046961 Filed 32904; 8:45 am]
BILLING CODE 483001P
FOR FURTHER INFORMATION CONTACT Charles J. Magee, (202) 622-3110 (not a tollfree number).
14 CFR Part 39 40 CFR Part 52 14 CFR Part 71 33 CFR Part 165 50 CFR Part 679 47 CFR Part 73 26 CFR Part 1 40 CFR Part 180 33 CFR Part 117 50 CFR Part 17 44 CFR Part 67 50 CFR Part 648 14 CFR Part 97 33 CFR Part 100 40 CFR Part 63 50 CFR Part 622 44 CFR Part 65 50 CFR Part 660 26 CFR Part 301 39 CFR Part 111 40 CFR Part 300 6 CFR Part 5 40 CFR Part 271 47 CFR Part 64 40 CFR Parts 52 and 81 50 CFR Part 665 44 CFR Part 64 10 CFR Part 50 49 CFR Part 571 47 CFR Part 76