Swap Exclusion for Section 1256 Contracts

Docket ID: IRS-2011-0029
Agency: Internal Revenue Service (IRS)
Parent Agency: Department of the Treasury (TREAS)
These proposed regulations describe swaps and similar agreements that fall within the meaning of section 1256(b)(2)(B) of the Internal Revenue Code. The proposed regulations revise the definition of a notional principal contract under section 1.446-3 of the income tax regulations.
RIN: 1545-BK22
Impacts and Effects: None
CFR Citation: 26 CFR 1.446-3(c) (revision),26 CFR 1.1256(b)-1 (new),26 CFR 1.1256(g)-1 (new)
Priority: Substantive, Nonsignificant
UA and Regulatory Plan Information open glossary dialog  
Publication Period: Spring 2013
Agenda Stage of Rulemaking: Final Rule
Major Rule: No
Legal Authorities: 26 USC 1256, 26 USC 7805
Legal Deadlines: None
Government Levels Affected: No
Federalism Implications: No
Unfunded Mandates: Undetermined
Requires Regulatory Flexibility Analysis: Undetermined
Small Entities Affected: No
International Impacts: No
Included in Regulatory Plan: No
ActionDateFR Citation
NPRM09/16/201176 FR 57684
NPRM Comment Period End12/15/2011
Public Hearing01/19/2012
Final Action07/00/2013
Docket Details open glossary dialog  
Related RINs: None
Related Dockets: None
Organization: CC:FIP
Keyword(s): password
Type: Rulemaking

Primary Documents

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Comment Period Closed
Dec 15, 2011 11:59 PM ET
Proposed Rule
Posted: 09/16/2011
ID: IRS-2011-0029-0001

Supporting Documents

No documents available.


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Comments Received*
Regulatory Timeline
Pre Rule
Current Stage
Proposed Rule
Current Stage
Final Rule
Current Stage
Agency Contact
Elizabeth M. Bouzis
General Attorney (Tax)
202 622-3950
202 622-7970 (Fax)
1111 Constitution Avenue NW., Washington, DC 20224
Washington, DC 20224
*This count refers to the total comment/submissions received on this docket, as of 11:59 PM yesterday. Note: Agencies review all submissions, however some agencies may choose to redact, or withhold, certain submissions (or portions thereof) such as those containing private or proprietary information, inappropriate language, or duplicate/near duplicate examples of a mass-mail campaign. This can result in discrepancies between this count and those displayed when conducting searches on the Public Submission document type. For specific information about an agency’s public submission policy, refer to its website or the Federal Register document.