Gasoline

DEPARTMENT OF THE TREASURY

26 CFR Parts 48, 301, and 602

[LR-115-86; LR-77-88]

Gasoline

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Withdrawal of notices of proposed rulemaking.

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SUMMARY: This document withdraws the notices of proposed rulemaking

relating to gasoline that were published in the Federal Register on

November 18, 1987, and September 27, 1988, because of amendments to

sections 4081 and 4101 of the Internal Revenue Code made by the Omnibus

Budget Reconciliation Act of 1990 and the Omnibus Budget Reconciliation

Act of 1993.

FOR FURTHER INFORMATION CONTACT: Frank Boland, (202) 622-3130 (not a

toll-free number).

SUPPLEMENTARY INFORMATION:

Background

On November 18, 1987, the IRS issued proposed regulations (LR-115-

86) relating to tax on the sale or removal of gasoline (52 FR 44141)

which were later proposed to be amended on September 27, 1988 (53 FR

37590). On September 27, 1988, the IRS issued proposed regulations (LR-

77-88) relating to gasoline excise tax bond requirements (53 FR 37590).

The Omnibus Budget Reconciliation Act of 1990 and the Omnibus Budget

Reconciliation Act of 1993 amended sections 4081 and 4101. On July 22,

1992, final regulations (TD 8421) relating to gasoline tax under

section 4081 as amended were published in the Federal Register (57 FR

32424). On November 30, 1993, temporary regulations (TD 8496) relating

to registration requirements under section 4101 as amended were

published in the Federal Register (58 FR 63069). Therefore, the earlier

proposed rules are withdrawn.

List of Subjects

26 CFR Part 48

Excise taxes, Reporting and recordkeeping requirements.

26 CFR Part 301

Employment taxes, Estate taxes, Excise taxes, Gift taxes, Income

taxes, Penalties, Reporting and recordkeeping requirements.

26 CFR Part 602

Reporting and recordkeeping requirements.

Withdrawal of Notices of Proposed Rulemaking

). Therefore, the earlier

proposed rules are withdrawn.

List of Subjects

26 CFR Part 48

Excise taxes, Reporting and recordkeeping requirements.

26 CFR Part 301

Employment taxes, Estate taxes, Excise taxes, Gift taxes, Income

taxes, Penalties, Reporting and recordkeeping requirements.

26 CFR Part 602

Reporting and recordkeeping requirements.

Withdrawal of Notices of Proposed Rulemaking

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

proposed rulemaking that were published in the Federal Register on

November 18, 1987 (52 FR 44141) and September 27, 1988 (53 FR 37590)

are withdrawn.

Margaret Milner Richardson,

Commissioner of Internal Revenue.

[FR Doc. 96-5588 Filed 3-13-96; 8:45 am]

BILLING CODE 4830-01-P