Internal Revenue Service (IRS), Treasury.
Notice of proposed rulemaking by cross-reference to temporary regulations.
In this issue of the Bulletin, the IRS is issuing temporary regulations
(T.D. 9267) regarding additional items of return information disclosable
to the Bureau of Economic Analysis (Bureau) of the Department of Commerce
for purposes related to measuring economic change in the U.S. national economic
accounts. These temporary regulations provide guidance to IRS personnel responsible
for disclosing the information. The text of these temporary regulations published
in this issue of the Bulletin serves as the text of the proposed regulations.
Written and electronic comments and requests for a public hearing must
be received by October 4, 2006.
Send submissions to: CC:PA:LPD:PR (REG-148864-03), room 5203, Internal
Revenue Service, P.O. Box 7604, Ben Franklin Station, Washington, DC 20044.
Submissions may be hand-delivered between the hours of 8 a.m. and 4 p.m.
to CC:PA:LPD:PR (REG-148864-03), Courier’s Desk, Internal Revenue Service,
1111 Constitution Avenue, NW, Washington, DC, or sent electronically, via
the IRS Internet site at www.irs.gov/regs, or via the
Federal eRulemaking Portal at www.regulations.gov (IRS
and REG-148864-03).
FOR FURTHER INFORMATION CONTACT:
Concerning submission of comments, Richard A. Hurst at [email protected] and
(202) 622-7180; concerning the temporary regulations, Joel D. McMahan at (202)
622-4580 (not toll-free numbers).
SUPPLEMENTARY INFORMATION:
Under section 6103(j)(1), upon written request from the Secretary of
Commerce, the Secretary of the Treasury must furnish to the Bureau return
information that is prescribed by Treasury regulations for purposes related
to measuring economic change in the U.S. national economic accounts. Section
301.6103(j)(1)-1(c) of the regulations provides an itemized description of
the return information authorized to be disclosed for this purpose. Periodically,
the disclosure regulations are amended to reflect the changing needs of the
Bureau for data for its statutorily authorized statistical activities.
This document contains proposed regulations authorizing IRS personnel
to disclose additional items of return information that have been requested
by the Secretary of Commerce.
Temporary regulations in this issue of the Bulletin amend the Procedure
and Administration Regulations (26 CFR Part 301) relating to Internal Revenue
Code (Code) section 6103(j). The temporary regulations contain rules relating
to the disclosure of return information reflected on returns to officers and
employees of the Department of Commerce for structuring censuses and national
economic accounts and conducting related statistical activities authorized
by law.
The text of the temporary regulations also serves as the text of these
proposed regulations. The preamble to the temporary regulations explains
the proposed regulations.
It has been determined that this notice of proposed rulemaking is not
a significant regulatory action as defined in Executive Order 12866. Therefore,
a regulatory assessment is not required. It also has been determined that
section 553(b) of the Administrative Procedure Act (5 U.S.C. chapter 5) does
not apply to these regulations, and because the regulations do not impose
a collection of information on small entities, the Regulatory Flexibility
Act (5 U.S.C. chapter 6) does not apply. Pursuant to section 7805(f) of the
Code, these proposed regulations will be submitted to the Chief Counsel for
Advocacy of the Small Business Administration for comment on their impact
on small business.
Comments and Requests for a Public Hearing
Before these proposed regulations are adopted as final regulations,
consideration will be given to any electronic and written comments (a signed
original and eight (8) copies) that are submitted timely to the IRS. The
IRS and Treasury Department specifically request comments on the clarity of
the proposed regulations and how they can be made easier to understand. All
comments will be available for public inspection and copying. A public hearing
may be scheduled if requested in writing by a person who timely submits comments.
If a public hearing is scheduled, notice of the date, time, and place for
the hearing will be published in the Federal Register.
Proposed Amendments to the Regulations
Accordingly, 26 CFR part 301 is proposed to be amended as follows:
PART 301—PROCEDURE AND ADMINISTRATION
Paragraph 1. The authority citation for part 301 is amended in part,
by adding an entry in numerical order to read as follows:
Authority: 26 U.S.C. 7805 * * *
Section 301.6103(j)(1)-1 also issued under 26 U.S.C. 6103(j)(1); * *
*
Par. 2. In §301.6103(j)(1)-1 paragraphs (c) and (f) are revised
to read as follows:
§301.6103(j)(1)-1 Disclosure of return information to
officers and employees of the Department of Commerce for certain statistical
purposes and related activities.
* * * * *
(c) [The text of this proposed paragraph is the same as the text of
§301.6103(j)(1)-1T(c) published elsewhere in this issue of the Bulletin].
* * * * *
(f) [The text of this proposed paragraph is the same as the text of
§301.6103(j)(1)-1T(f) published elsewhere in this issue of the Bulletin].
Mark E. Matthews,
Deputy
Commissioner for
Services and Enforcement.
Note
(Filed by the Office of the Federal Register on July 5, 2006, 8:45 a.m.,
and published in the issue of the Federal Register for July 6, 2006, 71 F.R.
38323)
The principal author of these regulations is Joel D. McMahan, Office
of the Associate Chief Counsel (Procedure & Administration), Disclosure
and Privacy Law Division.
* * * * *
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