[Code of Federal Regulations]
[Title 26, Volume 13]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR]

[Page 127]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
Procedure and Administration--Table of Contents
 
Sec.  1.6031(a)-1T  Return of partnership income (temporary).

    (a) through (a)(3)(i) [Reserved]. For further guidance see Sec.  
1.6031(a)-1(a) through (a)(3)(i).
    (ii) The Commissioner may, in guidance published in the Internal 
Revenue Bulletin (see Sec.  601.601(d)(2)(ii)(b) of this chapter), 
provide for an exception to partnership reporting under section 6031 and 
for conditions for the exception, if all or substantially all of a 
partnership's income is derived from the holding or disposition of tax-
exempt obligations (as defined in section 1275(a)(3) and Sec.  1.1275-
1(e)) or shares in a regulated investment company (as defined in section 
851(a)) that pays exempt-interest dividends (as defined in section 
852(b)(5)).
    (a)(4) through (f)(1) [Reserved]. For further guidance see Sec.  
1.6031(a)-1(a)(4) through (f)(1).
    (f)(2) Effective dates. Paragraph (a)(3)(ii) of this section applies 
to taxable years of a partnership beginning on or after November 5, 
2003. The applicability of paragraph (a)(3)(ii) of this section expires 
on or before November 6, 2006.

[T.D. 9094, 68 FR 63734, Nov. 10, 2003; 68 FR 70584, Dec. 18, 2003]