Retirement Bonds

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[EE-148-81]

Retirement Bonds

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Withdrawal of proposed regulations.

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SUMMARY: This document withdraws proposed regulations relating to

retirement bonds as part of the President's Regulatory Reinvention

Initiative.

DATES: The proposed regulations are withdrawn January 8, 1996.

FOR FURTHER INFORMATION CONTACT: Philip Bennet, (202) 622-3926.

SUPPLEMENTARY INFORMATION:

Background

As part of the President's Regulatory Reinvention Initiative, the

Treasury Department and the IRS identified obsolete regulations that

relate to prior law, provide elections for prior years, or are

otherwise outdated due to changes in the underlying statutory

provisions.

List of Subjects in 26 CFR Part 1

Income taxes, Reporting and recordkeeping requirements.

Withdrawal of Proposed Amendments to the Regulations

Accordingly, under the authority of 26 U.S.C. 7805, proposed

regulations Sec. 1.409-1(b)(2)(i) that were published in the Federal

Register on January 23, 1984 (49 FR 2794) are withdrawn.

Margaret Milner Richardson,

Commissioner of Internal Revenue.

[FR Doc. 96-165 Filed 1-5-96; 8:45 am]

BILLING CODE 4830-01-U