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TREAS/IRS | RIN: 1545-BF63 | Publication ID: Spring 2009 |
Title: Activities Customarily Performed By States and Local Governments | |
Abstract: The advanced notice of proposed rulemaking prepares guidance providing that the Internal Revenue Service and the Department of Treasury expect to issue for purposes of tax exempt bonds issued by Indian tribal governments under sections 103(a) and 7871(a)(4) of the Internal Revenue Code. Plan activity will be considered an activity customarily performed by State and local governments with general taxing power within the meaning of section 7871(e) only if: (1) The activity is one conducted by a requisite number of State or local governments, (2) the activity has been conducted by States or local governments for a requisite period of time and (3) the activity is not a commercial or industrial activity. | |
Agency: Department of the Treasury(TREAS) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | Unfunded Mandates: Undetermined |
CFR Citation: 26 CFR 1.7871(e) | |
Legal Authority: 26 USC 7871(e) 26 USC 7805 |
Legal Deadline:
None |
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Timetable:
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Additional Information: REG-118788-06 Drafting attorney: Aviva M. Roth (202) 622-3353 Reviewing attorney: Timothy L. Jones (202) 622-3701 Treasury attorney: John Cross (202) 622-1322 CC: FIP | |
Regulatory Flexibility Analysis Required: No | Government Levels Affected: Tribal |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Aviva M. Roth Attorney Department of the Treasury Internal Revenue Service Room 4013, 1111 Constitution Avenue NW., Washington, DC 20224 Phone:202 622-3353 Email: aviva.m.roth@irscounsel.treas.gov |