97-14069. Delegation of Authority
[Federal Register Volume 62, Number 103 (Thursday, May 29, 1997)]
[Notices]
[Pages 29187-29188]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-14069]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
[Delegation Order No. 172 (Rev. 5)]
Delegation of Authority
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Delegation of authority.
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SUMMARY: The authority of the Commissioner of Internal Revenue to waive
all or part of the excise tax imposed under section 4971(f) of the
Internal Revenue Code (Code) with respect to liquidity shortfalls
within the meaning of section 412(m)(5)(E) of the Code is delegated to
the Director, Employee Plans Division, and may be redelegated to branch
chiefs within the division. The text of the delegation order appears
below.
EFFECTIVE DATE: June 15, 1997.
FOR FURTHER INFORMATION CONTACT: John H. Turner, CP:E:EP:P:2, Room
6702, 1111 Constitution Avenue, NW., Washington, DC 20224, (202) 622-
6214 (not a toll-free number).
Delegation Order No. 172 (Rev. 5)
Effective: June 15, 1997.
Waiver of Excise Taxes Imposed Under Section 4971 of the Internal
Revenue Code.
Authority: To waive all or part of the 100% excise imposed under
section 4971(b) of the Internal Revenue Code in accordance with
subsection (b) of section 3002 of the Employee Retirement Income
Security Act of 1974 (ERISA).
Delegated to: Director, Employee Plans Division.
Redelegation: This authority may be redelegated to branch chiefs
within the division for waivers that are not deemed substantial. For
purposes of this order, a substantial waiver is a waiver of the
additional tax liability resulting from a computation based on an
accumulated funding deficiency in excess of one million dollars.
Authority: To waive all or part of the excise tax imposed by
section 4971(f) of the Internal Revenue Code with respect to
liquidity shortfalls within the meaning of section 412(m)(5)(E).
Delegated to: Director, Employee Plans Division.
Redelegation: This authority may be redelegated to branch chiefs
within the division.
[[Page 29188]]
Source of Authority: Treasury Order 150-10.
To the extent that the authority previously exercised consistent
with this order may require ratification, it is hereby affirmed and
ratified.
This order supersedes Delegation Order No. 172 (Rev. 4), which was
effective 12-31-96.
Approved: April 15, 1997.
James E. Donelson,
Acting Chief Compliance Officer.
[FR Doc. 97-14069 Filed 5-28-97; 8:45 am]
BILLING CODE 4830-01-U
Document Information
- Effective Date:
- 6/15/1997
- Published:
- 05/29/1997
- Department:
- Internal Revenue Service
- Entry Type:
- Notice
- Action:
- Delegation of authority.
- Document Number:
- 97-14069
- Dates:
- June 15, 1997.
- Pages:
- 29187-29188 (2 pages)
- Docket Numbers:
- Delegation Order No. 172 (Rev. 5)
- PDF File:
-
97-14069.pdf