Treasury Department Proposed Rule

2024-10996: Election To Exclude Certain Unincorporated Organizations Owned by Applicable Entities From Application of the Rules on Partners and Partnerships; Hearing Cancellation

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Summary

This document cancels a public hearing on proposed regulations that would modify existing regulations to allow certain unincorporated organizations that are organized exclusively to produce electricity from certain property to be excluded from the application of partnership tax rules.

The agency’s own summary, as published.

The rule, in full

338 words as published, May 17, 2024. View the original →

Federal Register, Volume 89 Issue 97 (Friday, May 17, 2024) [Federal Register Volume 89, Number 97 (Friday, May 17, 2024)] [Proposed Rules] [Page 43349] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 2024-10996] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Part 1 [REG-101552-24] RIN 1545-BR09 Election To Exclude Certain Unincorporated Organizations Owned by Applicable Entities From Application of the Rules on Partners and Partnerships; Hearing Cancellation

Agency

Internal Revenue Service (IRS), Treasury.

Action

Cancellation of a notice of public hearing on a proposed rulemaking and notice of public hearing. -----------------------------------------------------------------------

Summary

This document cancels a public hearing on proposed regulations that would modify existing regulations to allow certain unincorporated organizations that are organized exclusively to produce electricity from certain property to be excluded from the application of partnership tax rules.

Dates

The public hearing scheduled for May 20, 2024, at 10 a.m. ET is cancelled.

For Further Information Contact

Vivian Hayes of the Publications and Regulations Section, Associate Chief Counsel (Procedure and Administration) at (202) 317-6901 (not a toll-free number).

Supplementary Information

A notice of proposed rulemaking and a notice of public hearing that appeared in the Federal Register on March 11, 2024 (89 FR 17613), announced that a public hearing being held in person and by teleconference was scheduled for May 20, 2024, at 10 a.m. ET. The subject of the public hearing is under 26 CFR part 1. The public comment period for these regulations expired on May 10, 2024. The notice of proposed rulemaking and notice of public hearing instructed those interested in testifying at the public hearing to submit a request to testify and an outline of the topics to be addressed. We did not receive a request to testify at the Public Hearing. Therefore, the public hearing scheduled for May 20, 2024, at 10 a.m. ET is cancelled. Oluwafunmilayo A. Taylor, Section Chief, Publications and Regulations Section, Associate Chief Counsel (Procedure & Administration). [FR Doc. 2024-10996 Filed 5-15-24; 4:15 pm] BILLING CODE 4830-01-P

What this changes

Amends 1 part of the Code of Federal Regulations — the standing rules this notice rewrites.

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