98-32466. Conduit Arrangement Regulations; Correction

[Federal Register Volume 63, Number 235 (Tuesday, December 8, 1998)]
[Rules and Regulations]
[Pages 67577-67578]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-32466]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 8611]
RIN 1545-AS40


Conduit Arrangement Regulations; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correcting amendment.

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SUMMARY: This document contains a correction to final regulations (TD 
8611), which were published in the Federal Register on Friday, August 
11, 1995 (60 FR 40997) relating to conduit financing arrangements.

DATES: This correcting amendment is effective September 11, 1995.

FOR FURTHER INFORMATION CONTACT: Phyllis Marcus, [phone] (not a 
toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The final regulations that are the subject of this correction are 
under

[[Page 67578]]

section 7701(l) of the Internal Revenue Code.

Need for Correction

    As published, final regulations (TD 8611) contain an error which 
may prove to be misleading and are in need of clarification.

List of Subjects in 26 CFR Part 1

    Income taxes, Reporting and recordkeeping requirements.

Correcting Amendment to Regulations

    Accordingly, 26 CFR part 1 is corrected by making the following 
correcting amendment:

PART 1--INCOME TAXES

    Paragraph 1. The authority citation for part 1 continues to read in 
part as follows:

    Authority: 26 U.S.C. 7805 * * *.


Sec. 1.881-3  [Corrected]

    Par. 2. In Sec. 1.881-3, paragraph (a)(2)(ii)(B)(3) is redesignated 
as paragraph (a)(3).

Cynthia E. Grigsby,
Chief, Regulations Unit, Assistant Chief Counsel (Corporate).
[FR Doc. 98-32466 Filed 12-7-98; 8:45 am]
BILLING CODE 4830-01-U