Publication of Russian Harmful Foreign Activities Sanctions Regulations Web General Licenses 13J and 55B

67860 Federal Register / Vol. 89, No. 163 / Thursday, August 22, 2024 / Rules and Regulations second partial paragraph, is corrected to read ‘‘that referred to the ‘‘average transfer’’. 4. On page 34793, in the third column, the second line from the top of the second full paragraph, is corrected to read ‘‘defined an excessive credit transfer’’. 5. On page 34798, in the second column, in the second line from the bottom of the third full paragraph, the language ‘‘credit’’ is corrected to read ‘‘credits’’. 6. On page 34799, in the third column, the first line of the first full paragraph is corrected to read, ‘‘The Treasury Department and the IRS solicited’’. List of Subjects in 26 CFR Part 1 Income taxes, Reporting and recordkeeping requirements. Correction to the Regulations Accordingly, 26 CFR part 1 is corrected by making the following correcting amendments: PART 1—INCOME TAXES Paragraph 1. The authority citation for part 1 continues to read in part as follows: Authority: 26 U.S.C. 7805 * * * § 1.6418–1 [Corrected] Par. 2. Section 1.6418–1 is amended in paragraph (b) by removing the language ‘‘§ 1.6417–1(b)’’ and adding the language ‘‘§ 1.6417–1(c)’’ in its place. Par. 3. Section 1.6418–2 is amended: ■ 1. In the introductory text of paragraph (b)(4)(iii), by removing the language ‘‘((b)(6)(i)’’ and adding the language ‘‘(b)(6)(i)’’ in its place. ■ 2. By revising the sixth sentence of paragraph (b)(4)(iii)(C). ■ 3. In paragraph (b)(5)(ii)(C) by removing the language ‘‘707(b)(1))’’ and adding the language ‘‘707(b)(1)’’ in its place. The revision reads as follows: § 1.6418–2 Rules for making transfer elections

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(b) * * * (4) * * * (iii) * * * (C) * * * As a result of the $40X decrease in the credit determined, C reduces the $20X of section 45Y credit retained by C to $0X, and reduces the amount of section 45Y credit transferred to D, E, and F to $30X, $24X, and $6X, respectively (their respective pro rata shares of the reduced amount). * * *

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Par. 4. Section 1.6418–3 is amended: ■ 1. In paragraph (d)(2), by removing the language ‘‘specific’’ from the second sentence and adding ‘‘specified’’ in its place. ■ 2. Revising the second sentence of paragraph (e)(3)(ii). The revision reads as follows: § 1.6418–3 Additional rules for partnership and S corporations.

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(e) * * * (3) * * * (ii) * * * Under § 1.704–1(b)(4)(ii), for an eligible credit that is not an investment tax credit and that arises from receipts of a partnership, allocations of credit are deemed to be in accordance with the partners’ interests in the partnership if the credit is allocated in the same proportion as the partners’ distributive shares of the receipts that give rise to the credit.

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§ 1.6418–4 [Corrected] Par. 5. Section 1.6418–4 is amended in paragraph (c)(4), by removing the language ‘‘applicable’’ in the first sentence and adding the language ‘‘eligible’’ in its place. § 1.6418–5 [Corrected] Par. 6. Section 1.6418–5 is amended: ■ 1. In paragraph (b)(3)(ii), by removing the language ‘‘payments’’ in the last sentence and adding the language ‘‘payment’’ in its place. ■ 2. In paragraph (d)(3)(i), by removing the language ‘‘eligible transferee’’ in the last sentence and adding the language ‘‘transferee taxpayer’’ in its place. ■ 3. In paragraph (d)(3)(iii), by removing the language ‘‘be’’ in the first sentence and adding the language ‘‘been’’ in its place. Oluwafunmilayo A. Taylor, Section Chief, Publications and Regulations Section, Associate Chief Counsel, (Procedure and Administration). [FR Doc. 2024–18576 Filed 8–21–24; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Office of Foreign Assets Control 31 CFR Part 587 Publication of Russian Harmful Foreign Activities Sanctions Regulations Web General Licenses 13J and 55B AGENCY: Office of Foreign Assets Control, Treasury. ACTION: Publication of web general licenses. SUMMARY: The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing two general licenses (GLs) issued pursuant to the Russian Harmful Foreign Activities Sanctions Regulations: GLs 13J and 55B, each of which was previously made available on OFAC’s website. DATES: GL 55B was issued on June 26, 2024. See SUPPLEMENTARY INFORMATION for additional relevant dates. FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for Licensing, 202–622–2480; Assistant Director for Regulatory Affairs, 202–622–4855; or Assistant Director for Compliance, 202– 622–2490. SUPPLEMENTARY INFORMATION: Electronic Availability This document and additional information concerning OFAC are available on OFAC’s website: https:// ofac.treasury.gov. Background On June 26, 2024, OFAC issued GL 55B to authorize certain transactions otherwise prohibited by the Russian Harmful Foreign Activities Sanctions Regulations, 31 CFR part 587 (the ‘‘Regulations’’). GL 55B has an expiration date of June 28, 2025. On July 10, 2024, OFAC issued GL 13J, also authorizing transactions otherwise prohibited by the Regulations. Each GL was made available on OFAC’s website (www.treas.gov/ofac) when it was issued. The text of these GLs is provided below. OFFICE OF FOREIGN ASSETS CONTROL Russian Harmful Foreign Activities Sanctions Regulations 31 CFR Part 587 GENERAL LICENSE NO. 13J Authorizing Certain Administrative Transactions Prohibited by Directive 4 Under Executive Order 14024 (a) Except as provided in paragraph (b) of this general license, U.S. persons, or entities owned or controlled, directly or indirectly, by a U.S. person, are authorized to pay taxes, fees, or import duties, and purchase or receive permits, licenses, registrations, certifications, or tax refunds to the extent such transactions are prohibited by Directive 4 under Executive Order 14024, Prohibitions Related to Transactions Involving the Central Bank of the Russian Federation, the National Wealth Fund of the Russian Federation, and the Ministry of Finance of the Russian Federation, provided such transactions are ordinarily incident and necessary to the day￾to-day operations in the Russian Federation VerDate Sep<11>2014 16:38 Aug 21, 2024 Jkt 262001 PO 00000 Frm 00032 Fmt 4700 Sfmt 4700 E:\FR\FM\22AUR1.SGM 22AUR1 ddrumheller on DSK120RN23PROD with RULES1

Federal Register / Vol. 89, No. 163 / Thursday, August 22, 2024 / Rules and Regulations 67861 of such U.S. persons or entities, through 12:01 a.m. eastern daylight time, October 9, 2024. (b) This general license does not authorize: (1) Any debit to an account on the books of a U.S. financial institution of the Central Bank of the Russian Federation, the National Wealth Fund of the Russian Federation, or the Ministry of Finance of the Russian Federation; or (2) Any transactions otherwise prohibited by the Russian Harmful Foreign Activities Sanctions Regulations, 31 CFR part 587 (RuHSR), including transactions involving any person blocked pursuant to the RuHSR, unless separately authorized. (c) Effective July 10, 2024, General License No. 13I, dated April 12, 2024, is replaced and superseded in its entirety by this General License No. 13J. Bradley T. Smith, Director, Office of Foreign Assets Control. Dated: July 10, 2024. OFFICE OF FOREIGN ASSETS CONTROL Russian Harmful Foreign Activities Sanctions Regulations 31 CFR Part 587 GENERAL LICENSE NO. 55B Authorizing Certain Services Related to Sakhalin-2 (a) Except as provided in paragraph (b) of this general license, all transactions prohibited by the determination of November 21, 2022 made pursuant to section 1(a)(ii) of Executive Order 14071 (‘‘Prohibitions on Certain Services as They Relate to the Maritime Transport of Crude Oil of Russian Federation Origin’’) related to the maritime transport of crude oil originating from the Sakhalin-2 project (‘‘Sakhalin-2 byproduct’’) are authorized through 12:01 a.m. eastern daylight time, June 28, 2025, provided that the Sakhalin-2 byproduct is solely for importation into Japan. (b) This general license does not authorize any transactions otherwise prohibited by the Russian Harmful Foreign Activities Sanctions Regulations, 31 CFR part 587 (RuHSR), including transactions involving any person blocked pursuant to the RuHSR, unless separately authorized. (c) Effective June 26, 2024, General License No. 55A, dated September 14, 2023, is replaced and superseded in its entirety by this General License No. 55B. Bradley T. Smith, Director, Office of Foreign Assets Control. Dated: June 26, 2024. Lisa M. Palluconi, Acting Director, Office of Foreign Assets Control. [FR Doc. 2024–18750 Filed 8–21–24; 8:45 am] BILLING CODE 4810–AL–P DEPARTMENT OF HOMELAND SECURITY Coast Guard 33 CFR Part 165 [Docket Number USCG–2024–0730] RIN 1625–AA00 Safety Zone; Grosse Tete Passenger Ferry, Iberville LA AGENCY: Coast Guard, DHS. ACTION: Temporary final rule. SUMMARY: The Coast Guard is establishing a temporary safety zone for all navigable waters within a 300 yard radius of the Grosse Tete passenger ferry at MM 46 of the Port Allen Route, Iberville, LA. The safety zone is needed to protect ferry operations for crossing school students during morning and afternoon commutes as a result of the Grosse Tete bridge closure. Entry of vessels or persons into this zone is prohibited unless specifically authorized by the Captain of the Port (COTP) New Orleans. This rule is effective without actual notice from August 22, 2024 through noon on October 9, 2024. For the purposes of enforcement, actual notice will be used from noon on August 9, 2024, through August 22, 2024. ADDRESSES: To view documents mentioned in this preamble as being available in the docket, go to https:// www.regulations.gov, type USCG–2024– 0730 in the search box and click ‘‘Search.’’ Next, in the Document Type column, select ‘‘Supporting & Related Material.’’ FOR FURTHER INFORMATION CONTACT: If you have questions on this rule, call or email LT Benjamin Adrien, Marine Safety Unit Baton Rouge, U.S. Coast Guard; telephone: (225) 281–2875, email: benjamin.d.adrien@uscg.mil. SUPPLEMENTARY INFORMATION: I. Table of Abbreviations CFR Code of Federal Regulations DHS Department of Homeland Security FR Federal Register NPRM Notice of proposed rulemaking § Section U.S.C. United States Code II. Background Information and Regulatory History The Coast Guard is issuing this temporary rule without prior notice and opportunity to comment pursuant to authority under section 4(a) of the Administrative Procedure Act (APA) (5 U.S.C. 553(b)). This provision authorizes an agency to issue a rule without prior notice and opportunity to comment when the agency for good cause finds that those procedures are ‘‘impracticable, unnecessary, or contrary to the public interest.’’ Under 5 U.S.C. 553(b)(B), the Coast Guard finds that good cause exists for not publishing a notice of proposed rulemaking (NPRM) with respect to this rule because immediate action is needed to respond to Grosse Tete bridge allision and associated ferry operations. It is impracticable to publish an NPRM because we must establish this safety zone on August 9th, 2024. Under 5 U.S.C. 553(d)(3), the Coast Guard finds that good cause exists for making this rule effective less than 30 days after publication in the Federal Register. Delaying the effective date of this rule would be impracticable because immediate action is needed to mitigate potential safety hazards associated with the bridge closure and passenger ferry operations. III. Legal Authority and Need for Rule The Coast Guard is issuing this rule under authority in 46 U.S.C. 70034. The COTP New Orleans has determined a safety zone is needed for the safety of passenger ferry operations at the Grosse Tete bridge on the Port Allen Route MM 46, Iberville, LA. The safety zone is needed to protect and facilitate local school students during morning and afternoon commutes across the Port Allen Route via passenger ferry on Monday through Friday at 6 a.m. to 8 a.m. and 2:30 p.m. to 4:30 p.m. except on Federal holidays. IV. Discussion of the Rule This rule establishes a temporary safety zone for all navigable waters within a 300 yard radius of the Grosse Tete passenger ferry at MM 46 of the Port Allen Route, Iberville, LA. The zone will be effective Monday through Friday from 6 a.m. to 8 a.m. and 2:30 p.m. to 4:30 p.m. except on Federal holidays. No vessel or person will be permitted to enter the safety zone without obtaining permission from the COTP or a designated representative. V. Regulatory Analyses We developed this rule after considering numerous statutes and Executive orders related to rulemaking. Below we summarize our analyses based on a number of these statutes and Executive orders, and we discuss First Amendment rights of protestors. A. Regulatory Planning and Review Executive Orders 12866 and 13563 direct agencies to assess the costs and benefits of available regulatory VerDate Sep<11>2014 16:38 Aug 21, 2024 Jkt 262001 PO 00000 Frm 00033 Fmt 4700 Sfmt 4700 E:\FR\FM\22AUR1.SGM 22AUR1 ddrumheller on DSK120RN23PROD with RULES1