[Federal Register: July 12, 2007 (Volume 72, Number 133)]
[Proposed Rules]
[Page 38033]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr12jy07-18]

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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-147171-05]
RIN 1545-BF34


Deductions for Entertainment Use of Business Aircraft; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to notice of proposed rulemaking.

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SUMMARY: This document contains corrections to notice of proposed
rulemaking that was published in the Federal Register on Friday, June
15, 2007 (72 FR 33169) relating to the use of business aircraft for
entertainment.

FOR FURTHER INFORMATION CONTACT: Michael A. Nixon at (202) 622-4930 or
Lynne A. Camillo at (202) 622-6040 (not toll-free numbers).

SUPPLEMENTARY INFORMATION:

Background

    The notice of proposed rulemaking (REG-147171-05) that is the
subject of this correction is under section 274(e) of the Internal
Revenue Code.

Need for Correction

    As published, the notice of proposed rulemaking (REG-147171-05)
contains an error that may prove to be misleading and is in need of
clarification.

Correction of Publication

    Accordingly, the notice of proposed rulemaking (REG-147171-05) that
was the subject of FR Doc. E7-11445 is corrected as follows:


Sec.  1.274-10  [Corrected]

    On page 33176, Sec.  1.274-10(e)(1), column 2, lines 2 and 3 of the
fourth full paragraph of the column, the language ``General rule.
Except as provided in paragraph (f)(4) of this section, for `` is
corrected to read ``General rule. For''.

Lanita Van Dyke,
Branch Chief, Publications and Regulations Branch, Legal Processing
Division, Associate Chief Counsel (Procedure and Administration).
 [FR Doc. E7-13498 Filed 7-11-07; 8:45 am]

BILLING CODE 4830-01-P