Proposed Rules. Correction to a notice of proposed rulemaking

Agency: Internal Revenue Service (IRS), Treasury
Action: Correction to a notice of proposed rulemaking
Citation: FR Doc. 2019-21034 · RIN 1545-BM41 · REG-130700-14 · 26 CFR 1

Summary

This document contains a correction to a notice of proposed rulemaking (REG-130700-14) that was published in the Federal Register on August 14, 2019. The proposed regulations relate to classification of cloud transactions for purposes of the international provisions of the Internal Revenue Code.

Dates

Written or electronic comments and requests for a public hearing are still being accepted and must be received by November 12, 2019.

Supplementary Information

Background The proposed regulations that are the subject of this correction are under section 861 of the Internal Revenue Code. Need for Correction As published, the notice of proposed rulemaking (REG-130700-14) contains errors which may prove to be misleading and need to be clarified. Correction of Publication Accordingly, the notice of proposed rulemaking (REG-130700-14) that was the subject of FR Doc. 2019-17425, published at 84 FR 40317 (August 14, 2019), is corrected to read as follows: 1. On page 40320, first column, in the preamble, the sixteenth and seventeenth lines from the top of the second full paragraph, the language “of time, whether or not the content is transferred in a physical medium.” is corrected to read “of time.” 2. On page 40321, third column, in the preamble, the fourteenth line from the top of the second full paragraph, the language “licenses, and services, but there are” is corrected to read, “licenses, leases, and services, but there are”. § 1.861-18 [Corrected] 3. On page 40324, in the table for § 1.861-18, for the paragraph listed in “Paragraph” column, remove the language in the “Remove” column, and add in its place the language in the “Add” column. Paragraph Remove Add * * * * * * * (c)(3), second sentence the magnetic medium of a floppy disk, or in the main memory or hard drive of a computer, or in any other medium any medium. * * * * * * * § 1.861-18 [Corrected] 4. On page 40324, second column, in § 1.861-18, the seventh through ninth line from the top of paragraph (a)(3), the language “passage of time, whether or not the content is transferred in a physical medium. For example, digital content” is corrected to read “passage of time. For example, digital content”. § 1.861-18 [Corrected] 5. On page 40325, third column, in § 1.861-18, the second line of paragraph (i), the language “to transactions involving the transfer of” is corrected to read “to transactions not subject to § 1.861-19 involving the transfer of”. Crystal Pemberton, Senior Federal Register Liaison, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, (Procedure and Administration). [FR Doc. 2019-21034 Filed 10-1-19; 8:45 am]