trusts forming a part of such plans, provided that the determination does not involve application of section 502 (feeder organizations) or section 511 (unrelated business income), or the question of whether a proposed transaction will be a prohibited transaction under section 503;

(c) Compliance with the applicable requirements of foreign situs trusts as to taxability of beneficiaries (section. 402 (c)) and deductions for employer contributions (section 404 (a) (4));

(d) Amendments, curtailments, or terminations of such plans and trusts; and

(e) Effect on qualification of such plans and exempt status of such trusts of investments of trust funds in the stocks or securities of the employer.

2) Issue modifications or revocations of determination letters described above.

3) Redelegate this authority as follows:

(a) With respect to issuance and modification of determination letters, not below Internal Revenue Agent and Tax Law Specialist, GS-12, provided such individual is a person other than the initiator.

(b) With respect to revocation of determination letters, not below Chief, Employee Plans and Exempt Organizations Division.

Delegation Order No. 112 [1970-1 C.B. 413], issued January 30, 1970, is hereby superseded.

DONALD C. ALEXANDER,
Commissioner.

(Filed by the Office of the Federal Register on January 6, 1975; 8:45 a.m., and published in the issue of the Federal Register for January 7, 1975, 40 F.R. 1283)

Delegation Order No. 113 (Rev. 2) (Effective January 2, 1975) Authority to Issue Determination Letters Relating to Exempt Organiza. tions Matters

Pursuant to authority vested in the Commissioner of Internal Revenue by Treasury Department Order No. 150

the authority to:

Mid-Atlantic Region

Newark

Chicago

Midwest Region

Manhattan

Southeast Region

1. Issue determination letters in

volving the provisions of the Internal Revenue Code of 1954 with respect

to:

Exemption from Federal income tax under sections 501 and 521; the effect of section 502 on such exemption; the status of organizations under sections. 507, 508, and 509; the imposition of unrelated business income tax under section 511 through 515; and the imposition of excise taxes under section 4940 through 4948; provided the requests present questions the answers to which are clear from an application of the provisions of the statute, Treasury decisions or regulations, or by a ruling, opinion, or court decision published in the Internal Revenue Bulletin.

2. Issue modifications or revocations of determination letters described above (see Commissioner Delegation Order No. 88 as revised [1970-1 C.B. 411] for authority to issue notices of revocation of exemption relating to prohibited transactions as defined in section 503 (c)).

3. Redelegate this authority as follows:

(a) With respect to issuance of determination letters, not below Internal Revenue Agent and Tax Law Specialist, GS-12, provided such individual is a person other than the initiator.

(b) With respect to revocation or modification of determination letters, not below Chief, Employee Plans and Exempt Organizations Division.

4. This Order supersedes Delega

ury decisions or regulations, or by a ruling, opinion, or court decision published in the Internal Revenue Bulletin.

2. Issue modifications or revocations of determination letters described above (see Commissioner Delegation Order No. 88 as revised for authority to issue notices of revocation of exemption relating to prohibited transactions as defined in section 503(b)). 3. Redelegate this authority as follows:

(a) With respect to issuance of determination letters, not below Internal Revenue Agent and Tax Law Specialist, GS-12, provided such individual is a person other than the initiator.

(b) With respect to revocation or modification of determination letters. not below Chief, Employee Plans and Exempt Organizations Division.

4. To the extent that any action taken between January 2, 1975 (the effective date of Delegation Order No. 113 (Rev. 2)) and the effective date of this Order by District Directors or their delegates consistent with the delegation of authority in Delegation Order No. 113 (Rev. 1) may require ratification, such action is hereby affirmed and ratified.

This Order supersedes Delegation Order No. 113 (Rev. 2) [page 639, this Bulletin], issued January 2, 1975. DONALD C. ALEXANDER, CommissionerT.

(Filed by the office of the Federal Register on April 16, 1975; 8:45 a.m., and published in the issue of the Federal Register for April 17, 1975, 40 F.R. 171731

Delegation Order No. 127 (Rev. 1) (Revocation Notice) (Effective May 20, 1975)

Extensions of Time for Making

Casualty Loss Election Changes

1. Delegation Order No. 127 (Rev. 1) [1973-2 C.B. 463] delegated authority under 26 CFR 1.9100, extension of time for making certain elections, to Regional Commissioners. District Directors, and Service Center Directors to grant reasonable exten

sions of time (not to exceed a total of 240 days) for changing an election made under section 165 (h) of the Internal Revenue Code of 1954 beyond the date that such election becomes or became irrevocable which is the later of (1) 90 days after the date on which the election was made, or (2) March 6, 1973.

2. Since the last day of any extension of time granted in accordance with the provisions of Delegation Order No. 127 (Rev. 1) has passed, that Order is no longer necessary.

3. Accordingly, Delegation Order No. 127 (Rev. 1), issued September 4, 1973, is hereby revoked.

DONALD C. Alexander,
Commissioner.

(Filed by the Office of the Federal Register on May 22, 1975; 8:45 a.m., and published in the issue of the Federal Register for May 23, 1975, 40 F.R. 22565)

Key District(s)

Delegation Order No. 139 (Rev. 1) Delegation Order No. 139 (Rev. 1) (Effective January 2, 1975)

Authority to Extend the Correction Period and the Allowable Distribution Period Relating to Private Foundation Matters

1. Pursuant to the provisions of 26 CFR 53.4941 (e)-1 (d), 26 CFR 53.4941 (f)-1, 26 CFR 53.4942 (a)-1 (c), 26 CFR 53.4944-5, and 26 CFR 53.4945-1(e), the authority vested in the Commissioner of Internal Revenue to:

(a) Extend the correction period for acts of self-dealing, failures to distribute income, jeopardy investments, and taxable expenditures; and (b) Extend the allowable distribution period for failures to distribute income

is delegated to the District Director of Internal Revenue for each of the following Districts:

Cincinnati

Cleveland

Detroit

Detroit

2. The authority delegated herein may be redelegated, but not lower than to Group Managers.

3. This Order supersedes Delegation Order No. 139 [1973-2 C.B. 464], issued July 13, 1973.

DONALD C. ALEXANDER,
Commissioner.

(Filed by the Office of the Federal Register on January 6, 1975; 8:45 a.m., and published in the issue of the Federal Register for January 7, 1975, 40 F.R. 1282)

Delegation Order No. 149 (Effective May 22, 1975)

The authority vested in the Commissioner of Internal Revenue by 26 CFR 301.7701-9, 301.6331-1, 301.6332-1, 301.6332-2, and 301.63431, to levy on property in the possession of third parties, to issue final demand for enforcement of levy, and to release levy and return property, is hereby delegated to the Director, Cincinnati Service Center.

The authority herein delegated may be redelegated only to GS-1169 series personnel in the Collection Activity. not lower than GS-9.

DONALD C. ALEXANDER,
Commissioner.

(Filed by the Office of the Federal Register on May 23, 1975, 8:45 a.m., and published in the issue of the Federal Register for May 27, 1975, 40 F.R. 22853.)

E.O. 11822

Designation of Certain Officers
To Act as Secretary of the Treasury

By virtue of the authority vested in me by section 3347 of title 5 and section 301 of title 3 of the United States Code, and as President of the United States, it is ordered as follows:

SECTION 1. During any period when, by reason of absence, disability, or vacancy in office, either the Secretary of the Treasury or his Deputy Secretary is not available to exercise the powers or perform the duties of the office of Secretary, an officer from the Department of the Treasury appointed

by the President-by and with the advice and consent of the Senate, in such order as the Secretary of the Treasury may from time to time prescribe-shall act as Secretary until the absence or the disability of the incumbent shall cease, or until a successor is appointed. If no such order of succession is in effect at that time, then such officers shall act as Secretary in the descending order of rank, as established by their offices being listed in sections 5314, 5315 or 5316 of title 5 of the United States Code and, at each level of the Executive Schedule, in the order which they shall have taken the oath as such officers.

SECTION 2. Executive Order No. 11680 of August 21, 1972, entitled "Designation of Certain Officers to Act as Secretary of the Treasury" is hereby

Inspection of Income, Estate, and Gift Tax Returns by the Senate Committee on Government Operations

any income, estate, or gift tax return

By virtue of the authority vested in me by Section 6103(a) of the Internal Revenue Code of 1954 (26 U.S.C. 6103(a)), it is hereby ordered that posed herein, during the Ninetyfourth Congress, be open to inspection by the Senate Committee on Government Operations or any duly authortion with its studies of the operation of Government activities at all levels for the years 1955 to 1975, inclusive, shall, subject to the conditions imized subcommittee thereof, in connecwith a view to determining the economy and efficiency of the Government. Such inspection shall be in accord

ance and upon compliance with the rules and regulations prescribed by the Secretary of the Treasury in Treasury Decision 6132 [1955-1 C.B. 142], relating to the inspection of returns by committees of the Congress, approved by the President on May 3, 1955.

The Commissioner of Internal Revenue shall ensure compliance with the applicable provisions of the Privacy Act of 1974 (5 U.S.C. 552a) [Pub. L. 93-579, page 426, this Bulletin] by seeing that no such inspection is permitted unless (1) the Committee or subcommittee has furnished a written statement specifying the purpose of the inspection; and (2) such statement establishes that the inspection relates to a matter within the jurisdiction of the Committee or subcommittee, or the Commissioner has received the written consent of the taxpayer to the inspection.

GERALD R. FORD

THE WHITE HOUSE,
May 7, 1975.

(Filed by the Office of the Federal Register on May 7, 1975; 2:29 p.m., and published in the issue of the Federal Register for May 9, 1975, 40 F.R. 20265)

26 CFR 601.201: Rulings and determination letters.

Rev. Proc. 75-111

SECTION 1. PURPOSE

The purpose of this Revenue Procedure is to extend the duration of Revenue Procedure 74-19, 1974-2 C.B. 465, concerning a test for processing certain letter ruling requests.

SEC. 2. BACKGROUND

Rev. Proc. 74-19 provides that the test will cover original ruling requests received between July 1, 1974 and December 31, 1974, coming within the primary jurisdiction of either the Reorganization Branch or the Excise Tax Branch. It further provides that, within seven working days after the request has been received, a Branch

1 Also released as TIR-1320, dated Dec. 23, 1974.

representative will contact the taxpayer or the authorized representative to discuss the procedural and substantive issues involved in the request.

SEC. 3. REVISED DURATION

In order to enable the Service to obtain more data to better evaluate the test results, Sec. 2 of Rev. Proc. 74-19 is modified to provide that the duration of the test will be extended to March 31, 1975.

SEC. 4. EFFECT ON OTHER DOCUMENTS

Rev. Proc. 74-19 is modified as provided above.

26 CFR 601.602: Forms and instructions. (Also Part I, Section 993) Rev. Proc. 75-22

SECTION 1. PURPOSE AND SCOPE

The purpose of this Revenue Procedure is to state the procedures to be followed by a taxpayer, prior to the issuance of final regulations under section 993 of the Internal Revenue Code of 1954, in making an election under section 3(b) of Public Law 93-482 93d Cong., 2d Sess. (Oct. 26, 1974) [1974-2 C.B. 444]. This Revenue Procedure is applicable only for taxable years beginning after December 31, 1971, and before January 1, 1974. SEC. 2. BACKGROUND

Sections 991-997 of the Code, as added by section 501 of the Revenue Act of 1971 [Pub. L. 92-178, 1972-1 C.B. 443], provide special tax treatment for domestic international sales corporations (DISC's). Section 992 provides that, in order for a corpora tion to be treated as a DISC, 95 percent of its assets must consist of qualified export assets. Section 993 (b) (3' provides that accounts receivable and evidences of indebtedness which arise by reason of certain transactions which resulted in the realization of qualified export receipts, as defined in section 993 (a)(1), will be considered to be qualified export assets. The

2 Also released as TIR-1328, dated Dec. 31, 1974.

Revenue Act of 1971 provides, however, that the transactions which resulted in qualified export receipts must be transactions of the DISC which is attempting to claim that such accounts receivable and evidences of indebtedness are qualified export assets. Section 3 of Public Law 93-482 has amended section 993 (b) (3) to provide that such transactions may include transactions which result in qualified export receipts of another corporation which is a DISC and is a member of the same controlled group of corporations as the first DISC. The purpose of the amendment is to allow a parent corporation to set up a selling DISC and a financing DISC which purchases the accounts receivable of the selling DISC and holds such accounts receivable as qualified export assets. The amendment applies to taxable years beginning after December 31, 1973, but a corporation may make an election under this Revenue Procedure to have its provisions apply to a taxable year or years beginning after December 31, 1971, and before January 1, 1974.

SEC. 3. ELECTION

.01 Manner of Making Election The election to have the provisions of section 3(a) of Public Law 93-482 apply, with respect to taxable years beginning after December 31, 1971, and before January 1, 1974, shall be made by the filing of a statement with the service center with which the corporation filed its election to be treated. as a DISC (Form 4876). The statement of election shall be captioned "Election to Retroactively Apply the Provisions of Sec. 3(a) of Public Law 93-482," shall be signed by any person described in section 6062, and shall contain the following information: The name, address, and employer identification number of the corporation making the election and of the DISC with respect to which the accounts receivable or evidences of indebtedness arose which the electing corporation purchased, and the taxable years of the electing corporation to which the election is to apply. The

corporation may subsequently be required to furnish such additional information as is required by any final regulations adopted.

.02 Time of Making Election

An election pursuant to the Revenue Procedure must be filed on or before January 24, 1975.

.03 Effect of Election

The effect of making an election. pursuant to this Revenue Procedure is to make accounts receivable or other evidences of indebtednes, which arose from transactions of a DISC described in subparagraphs (A), (B), (C), (D), (G), or (H) of subsection (a) (1) of section 993, qualified export assets in the hands of a transferee cor

poration which held them during the

taxable of the transferee corporayears tion to which the election applies beginning after December 31, 1971, and before January 1, 1974, if such transferee is a member of the same controlled group as the DISC both at the time the obligation arise and at the time of the transfer. Thus, if a transferee corporation during a taxable year beginning after December 31, 1971, and before January 1, 1974, failed, prior to enactment of Public Law 93-482 to meet the 95 percent qualified export assets test of section 992(a)(1)(B) and failed to make a distribution to meet qualification requirements pursuant to § 1.992-3, such corporation nevertheless will be retroactively treated as a DISC if it makes an election pursuant to this revenue procedure provided that as a result of making such election all of the requirements of section 992 and the regulations thereunder are met for such taxable year, including the requirement that the corporation properly made an election to be treated as a DISC during the period prescribed by § 1.992-1 (a) (2). If the corporation made the required deficiency distribution, under § 1.992-3, such corporation will not be allowed to recover the amount of such distribution from its shareholders and continue to be treated as a DISC for such taxable

year even though it makes an election pursuant to this revenue procedure. SEC. 4. INQUIRIES

Inquiries in regard to this Revenue Procedure should refer to its number and be addressed to the Commissioner of Internal Revenue, Attention: T:I:C, 1111 Constitution Avenue, N.W., Washington, D.C. 20224.

26 CFR 601.105: Examination of returns and claims for refund, credit or abatement; determination of correct tax liability. (Also Part I, Section 162; 1.162-17.)

Automobile expenses; standard mileage rate; employees and selfemployed. For taxable years beginning after 1973, an employee or self-employed person whose automobile has been fully depreciated under the straight-line method may compute the allowable deduction for business use of his automobile at a standard mileage rate of 10 cents per mile; Rev. Proc. 74-23 amplified.

Rev. Proc. 75-31

Rev. Proc. 74-23, 1974-2 C.B. 476, provides for an increased standard mileage rate and procedures to be followed by employees or self-employed individuals who claim deductions for the costs of operating passenger automobiles (including vehicles such as pick-up or panel trucks) for business purposes under the simplified method of computing deductible costs of operating passenger automobiles for taxable years beginning after December 31, 1973.

Section 3 of Rev. Proc. 74-23 prescribes the optional method of computing operating costs of automobiles used for business purposes. However, there is no mention of any acceptable optional method that may be used by employees or self-employed individuals who may claim deductions for the costs of operating automobiles used for business purposes where such automobiles have been fully depreciated

1 Also released as TIR-1332, dated January 3, 1975.