[4830-01-u] DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Part 40 [PS-8-95] RIN 1545-AT25 Deposits of Excise Taxes AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice of proposed rulemaking by cross-reference to temporary regulations. SUMMARY: In the Rules and Regulations section of this issue of the Federal Register, the IRS is issuing temporary regulations relating to deposits of excise taxes. The text of those temporary regulations also serves as the text of these proposed regulations. DATES: Written comments and requests for a public hearing must be received by November 27, 1995. ADDRESSES: Send submissions to: CC:DOM:CORP:T:R (PS-8-95), room 5228, Internal Revenue Service, POB 7604, Ben Franklin Station, Washington, DC 20044. In the alternative, submissions may be hand delivered between the hours of 8 a.m. and 5 p.m. to: CC:DOM:CORP:T:R (PS-8-95), Courier's Desk, Internal Revenue Service, 1111 Constitution Avenue NW., Washington, DC. FOR FURTHER INFORMATION CONTACT: Concerning submissions, the Regulations Unit, (202) 622-7180; concerning the regulations, Ruth Hoffman, (202) 622- 3130 (not toll-free numbers). SUPPLEMENTARY INFORMATION: Background Temporary regulations in the Rules and Regulations section of this issue of the Federal Register amend the Excise Tax Procedural Regulations (26 CFR part 40) relating to deposits of excise taxes under section 6302. The temporary regulations contain special safe harbor rules for the additional deposit of taxes due in September of each year. The text of those temporary regulations also serves as the text of these proposed regulations. The preamble to the temporary regulations explains the temporary regulations. Special Analyses It has been determined that this notice of proposed rulemaking is not a significant regulatory action as defined in EO 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) and the Regulatory Flexibility Act (5 U.S.C. chapter 6) do not apply to these regulations, and, therefore, a Regulatory Flexibility Analysis is not required. Pursuant to section 7805(f) of the Internal Revenue Code, this notice of proposed rulemaking will be submitted to the Chief Counsel for Advocacy of the Small Business Administration for comment on its 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 written comments (a signed original and eight (8) copies) that are submitted timely to the IRS. All comments will be available for public inspection and copying. A public hearing may be scheduled if requested in writing by any person that timely submits written comments. If a public hearing is scheduled, notice of the date, time and place for the hearing will be published in the Federal Register. Drafting Information The principal author of these regulations is Ruth Hoffman, Office of Assistant Chief Counsel (Passthroughs and Special Industries). ob体育ever, other personnel from the IRS and Treasury Department participated in their development. List of Subjects in 26 CFR Part 40 Excise taxes, Reporting and recordkeeping requirements. Proposed Amendments to the Regulations Accordingly, 26 CFR part 40 is proposed to be amended as follows: PART 40--EXCISE TAX PROCEDURAL REGULATIONS Paragraph 1. The authority citation for part 40 continues to read in part as follows: Authority: 26 U.S.C. 7805 * * * Par. 2. Section 40.6302(c)-5 is added to read as follows: 40.6302(c)-5 Use of Government depositaries; rules under sections 6302(e) and (f). [The text of this proposed section is the same as the text of 40.6302(c)-5T published elsewhere in this issue of the Federal Register.] Margaret Milner Richardson Commissioner of Internal Revenue