99-6949. Passive Foreign Investment Companies; Definition of Marketable Stock; Correction

[Federal Register Volume 64, Number 55 (Tuesday, March 23, 1999)]
[Proposed Rules]
[Page 13939]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-6949]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-113744-98]
RIN 1545-AW69


Passive Foreign Investment Companies; Definition of Marketable 
Stock; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to notice of proposed rulemaking.

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SUMMARY: This document contains a correction to the notice of proposed 
rulemaking (REG-113744-98), which was published in the Federal Register 
Tuesday, February 2, 1999 (64 FR 5012), relating to the new mark to 
market election for stock of a passive foreign investment company.

FOR FURTHER INFORMATION CONTACT: Robert Laudeman [phone] (not a 
toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The notice of proposed rulemaking that is the subject of this 
correction is under section 1296 of the Internal Revenue Code.

Need for Correction

    As published, REG-113744-98 contains an error which may prove to be 
misleading and is in need of clarification.

Correction of Publication

    Accordingly, the publication of the notice of proposed rulemaking 
(REG-113744-98), which was the subject of FR Doc. 99-1666, is corrected 
as follows:
    On page 5012, column 1, in the preamble under the caption 
ADDRESSES, line 9, the language ``to: CC:DOM:CORP:R (REG-110524-98),'' 
is corrected to read ``to: CC:DOM:CORP:R (REG-113744-98),''.

Cynthia E. Grigsby,

Chief, Regulations Unit Assistant Chief Counsel (Corporate).

[FR Doc. 99-6949 Filed 3-22-99; 8:45 am]

BILLING CODE 4830-01-U