Federal Register. Federal Awarding Agency Regulatory Implementation of Office of Management and Budget's Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Start Preamble. Start Printed Page 7. AGENCY: Office of Management and Budget, Executive Office of the President; Department of Health And Human Services; Farm Service Agency, Commodity Credit Corporation, National Institute of Food and Agriculture, Rural Utilities Service, Rural Business- Cooperative Service, Rural Housing Service, Rural Utilities Service, Farm Service Agency, Department of Agriculture; Department of State; Agency for International Development; Department of Veterans Affairs; Department of Energy; Department of Treasury; Department of Defense; Department of Transportation; Department of Commerce; Department of the Interior; Environmental Protection Agency; National Aeronautics and Space Administration; Corporation for National and Community Service; Social Security Administration; Department of Housing And Urban Development; National Science Foundation; National Archives and Records Administration; Small Business Administration; Department of Justice; Department of Labor; Federal Emergency Management Agency, Department of Homeland Security; Institute of Museum and Library Services; National Endowment for the Arts; National Endowment for the Humanities; Department of Education; , Office of National Drug Control Policy, Executive Office of the President; Gulf Coast Ecosystem Restoration Council. ACTION: Interim final rule. SUMMARY: This joint interim final rule implements for all Federal award- making agencies the final guidance Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) published by the Office of Management and Budget (OMB) on December 2. This rule is necessary in order to incorporate into regulation and thus bring into effect the Uniform Guidance as required by OMB. Budget 2014 - Annex 2 - Tax Measures: Supplementary Information, Notices of Ways and Means Motions and Draft Amendments to Various GST/HST Regulations. NIH Funding Opportunities and Notices in the NIH Guide for Grants and Contracts: Linking the Provider Recommendation to Adolescent HPV Vaccine Uptake (R01) PAR-16-338. A Project Management education can help you grow and advance your career. Learn about DeVry's Project Management degree online and on campus specialization. County of Ventura CCoouunnttyy EExxeeccuuttiivvee OOffffiiccee Fiscal Year 2015-16 PRELIMINARY BUDGET Submitted on June 2, 2015 to the Ventura County Board of Supervisors Kathy I. Long Supervisor, Third District Chair Steve. Implementation of this guidance will reduce administrative burden and risk of waste, fraud, and abuse for the approximately $6. Federal financial assistance. The result will be more Federal dollars reprogrammed to support the mission, new entities able to compete and win awards, and ultimately a stronger framework to provide key services to American citizens and support the basic research that underpins the United States economy. DATES: Effective date: This interim final rule is effective on December 2. The incorporation by reference of certain publications listed in the rule is approved by the Director of the Federal Register as of December 2. Cuba: WFP and Sustainable Agriculture. This project benefits 1,500 Cuban farmers with the support of WFP and funding from Canada. Its two goals: Increase the farmers' bean production --Cuba's main staple food--to provide the.Implementation dates: For grants authorized under the Robert T. Stafford Disaster Relief and Emergency Assistance Act, this rule is applicable for emergency or major disaster declarations issued on or after December 2. For non- Federal entities that are nonprofit organizations or institutions of higher education (IHEs), there is a one- year grace period for implementation of the procurement standards in 2 CFR 2. As will be detailed in the 2. OMB Compliance Supplement, non- Federal entities choosing to delay implementation for the procurement standards will need to specify in their documented policies and procedures that they continue to comply with OMB circular A- 1. December 2. 6, 2. Comment date: To be assured of consideration, comments must be received by OMB electronically through Start Printed Page 7. Eastern Standard Time (E. S. T.) on February 1. ADDRESSES: Comments should be submitted to www. Start Further Info. FOR FURTHER INFORMATION CONTACT: For general information, please contact Victoria Collin or Gil Tran at the OMB Office of Federal Financial Management, 1. St. NW., Washington, DC 2. You may submit comments via the Federal e. Rulemaking Portal at www. Docket Number OMB- 2. Follow the instructions for submitting comments. End Further Info. End Preamble. Start Supplemental Information. SUPPLEMENTARY INFORMATION: Background. This joint interim final rule implements for all Federal award- making agencies the final guidance Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards published by the Office of Management and Budget (OMB) on December 2. CFR part 2. 00 (Uniform Guidance—available at 7. FR 7. 85. 89). The Uniform Guidance followed on a Notice of Proposed Guidance issued February 1, 2. FR 7. 28. 2), and an Advanced Notice of Proposed Guidance issued February 2. FR 1. 17. 78). The final guidance incorporated feedback received from the public in response to those earlier issuances. Additional supporting resources are available from the Council on Financial Assistance Reform at www. Docs.; http: //www. It reflected more than two years of work by the Council on Financial Assistance Reform to improve the efficiency and effectiveness of Federal financial assistance. For a detailed discussion of the reform and its impacts, please see the Federal Register notice for the issuance of the final guidance (7. FR 7. 85. 89). With this interim final rule, OMB is amending the uniform guidance to make technical corrections where needed, and Federal awarding agencies are joining together to implement the Uniform Guidance in their respective chapters of title 2 of the CFR. With respect to the technical corrections that OMB is issuing, these corrections are included only where it has come to the attention of the COFAR that particular language in the final guidance did not match with the COFAR's intent and would result in an erroneous implementation of the guidance. These technical corrections will go into effect at the time of the effective date of this interim final rule. Among these technical corrections, please note in particular, parts 2. Central Contractor Registration (CCR) and Excluded Parties List System (EPLS) no longer exist as stand- alone systems; their functionalities are now available in the System of Award Management (SAM). CFR parts 2. 5, 1. Dun and Bradstreet (D& B) Data Universal Numbering System (DUNS) and replace them with the term `unique entity identifier'. This change is consistent with Administration priorities to technically refine existing regulations. The specific standard for this unique entity identifier will be in accordance with the requirements of SAM. This revision does not indicate a change in current policy. References to the Federal Awardee Performance and Integrity Information System (FAPIIS) remain in 2 CFR part 2. Federal grants and cooperative agreements will be published following the issuance of this interim final rule. CFR 2. 00. 1. 10 Effective/applicability date is revised to allow a grace period of one fiscal year for non- Federal entities to implement changes to their procurement policies and procedures in accordance with sections 2. Procurement Standards. Finally, 2 CFR 2. Methods of Procurement paragraph (c), the requirement for sealed bids to be advertised and opened “publicly” is limited as was originally intended to state, local and tribal entities. Other requirements in the section remain as originally published. In addition, throughout the guidance, the COFAR changed the word “should” to “must” to reflect longstanding policies that have been requirements in practice, but which may have been misinterpreted as optional with the usage of the word “should”. Other technical corrections are made to eliminate conflicting or unclear language and grammatical inconsistencies or citation errors throughout. With respect to the implementing regulations that Federal awarding agencies are issuing, any agencies that have received OMB approval for an exception to the Uniform Guidance have included the resulting language in their regulations. OMB has only approved exceptions to the Uniform Guidance where they are consistent with existing policy. Further, agencies are providing additional language beyond that included in 2 CFR part 2. Agencies are not making new policy with this interim final rule; all regulatory language included here should be consistent with either the policies in the Uniform Guidance or the agencies' existing policies and practices. Three agencies have requested special accommodation with respect to the format of their implementing language. The National Science Foundation, the Department of Education, and the Department of Health and Human Services have included agency- specific preamble language as follows: National Science Foundation. The National Science Foundation (NSF) has received approval from OMB to implement 2 CFR part 2. In the interest of establishing a single location for each of the Departments' and Agencies' implementation of the Uniform Guidance, per OMB's request, NSF has provided a link to its policy implementation of OMB's Uniform Guidance in 2 CFR part 2. Department of Education. The Secretary of the Department of Education takes one exception from the Uniform Guidance and makes one clarification regarding another section of the Uniform Guidance (discussed more fully later in this section of the preamble). The Secretary also describes the technical amendments needed to conform to the guidance in 2 CFR part 2. The Secretary publishes this special section of the joint preamble to provide the basis and purpose for the exception and clarification. The Secretary also seeks comments on whether any of the requirements imposed under our adoption of the Uniform Guidance conflict with any of the requirements in the Department's statutes and regulations. Exception and Clarification. An exception to the Uniform Guidance is required because the Secretary lacks authority to delegate functions to the Office of Management and Budget (OMB), as contemplated by Start Printed Page 7. Uniform Guidance. In particular, 2 CFR 2. Secretary's functions—granting exceptions to the regulations as promulgated by the Department—to employees of OMB. Section 4. 12 of the Department of Education Organization Act (2. Budget 2. 01. 4 - Annex 2. Table of Contents. Previous. Next. Overview. This annex provides detailed information on each of the tax measures proposed in the Budget. Table A2. 1 lists these measures and provides estimates of their budgetary impact. The annex also provides the Notices of Ways and Means Motions to amend the Income Tax Act,the Excise Tax Act, the Excise Act, 2. Customs Tariff, and draft amendments to various GST/HST regulations. Table A2. 2 lists integrity and fairness tax measures introduced since Budget 2. In this annex, references to “Budget Day” are to be read as references to the day on which this Budget is presented. Table A2. 1. Cost of Proposed Tax Measures. Fiscal Costs (millions of dollars)2. Personal Income Tax Measures. Adoption Expense Tax Credit. The Adoption Expense Tax Credit is a 1. Eligible adoption expenses include, for example, fees paid to a licensed adoption agency and mandatory immigration expenses in respect of the child. The Adoption Expense Tax Credit may be claimed in the taxation year in which an adoption is completed. To better recognize the costs unique to adopting a child, Budget 2. This maximum amount will be indexed to inflation for taxation years after 2. Medical Expense Tax Credit. The Medical Expense Tax Credit (METC) recognizes the effect of above- average medical and disability- related expenses on a taxpayer’s ability to pay income tax. The METC provides federal income tax relief equal to 1. The list of expenses eligible for the METC is regularly reviewed and updated in light of disability- specific or medically- related developments and new technologies. Currently, the METC provides tax relief for amounts paid for therapy provided to an individual with a severe and prolonged mental or physical impairment who is eligible for the Disability Tax Credit. The therapy must be prescribed by, and administered under the general supervision of, a medical doctor or an occupational therapist (or, in the case of a mental impairment, a medical doctor or psychologist). In some instances, effective therapy requires that a plan be designed to meet the specific needs of an individual (e. The design of a plan normally includes both its initial development and its subsequent adjustment as necessary. Budget 2. 01. 4 proposes that amounts paid for the design of an individualized therapy plan be eligible for the METC if the cost of the therapy itself would be eligible for the METC and the following conditions are met: an individualized therapy plan is required to access public funding for specialized therapy, or a medical doctor or an occupational therapist (or, in the case of a mental impairment, a medical doctor or psychologist) prescribes an individualized therapy plan; the plan is designed for an individual with a severe and prolonged mental or physical impairment who is, because of the impairment, eligible for the Disability Tax Credit; andthe amounts are paid to persons ordinarily engaged in the business of providing such services to unrelated individuals. Budget 2. 01. 4 also proposes to add to the list of expenditures eligible under the METC expenses for service animals specially trained to assist an individual in managing their severe diabetes. Eligible expenses will include the cost of the service animal and its care and maintenance, as well as reasonable travel expenses incurred for the individual to attend a facility that trains individuals in the handling of these service animals. These measures will apply to expenses incurred after 2. Search and Rescue Volunteers Tax Credit. In recognition of the important role played by search and rescue volunteers in contributing to the security and safety of Canadians, Budget 2. Search and Rescue Volunteers Tax Credit (SRVTC) to allow eligible ground, air and marine search and rescue volunteers to claim a 1. An eligible individual will be a search and rescue volunteer who performs at least 2. Volunteer search and rescue service hours performed for a search and rescue organization will be ineligible if the individual also provides search and rescue services, otherwise than as a volunteer, to that organization. An individual who performs both eligible volunteer firefighting services and eligible volunteer search and rescue services for a total of at least 2. Volunteer Firefighters Tax Credit (VFTC) or the SRVTC. An individual who claims the VFTC or the SRVTC will be ineligible for the existing tax exemption of up to $1,0. Eligible search and rescue organizations will include search and rescue organizations that are members of the Search and Rescue Volunteer Association of Canada, of the Civil Air Search and Rescue Association, and of the Canadian Coast Guard Auxiliary. Other organizations whose status as a search and rescue organization is recognized by a provincial, municipal or public authority will also qualify. The Minister of National Revenue may require an individual who claims the SRVTC to obtain written certification from a team president, or other individual who fulfills a similar role, of an eligible search and rescue organization confirming the number of hours of eligible volunteer search and rescue services performed. Governments, municipalities and public authorities who pay honoraria, described above, to individuals in respect of their services as volunteers will be required to report those amounts to the Canada Revenue Agency as part of their annual reporting of remuneration paid. This measure will apply to the 2. Extension of the Mineral Exploration Tax Credit for. Flow- Through Share Investors. Flow- through shares allow companies to renounce or “flow through” tax expenses associated with their Canadian exploration activities to investors, who can deduct the expenses in calculating their own taxable income. This facilitates the raising of equity to fund exploration by enabling companies to sell their shares at a premium. The Mineral Exploration Tax Credit is an additional benefit, available to individuals who invest in flow- through shares, equal to 1. Canada and renounced to flow- through share investors. Budget 2. 01. 4 proposes to extend eligibility for the Mineral Exploration Tax Credit for one year, to flow- through share agreements entered into on or before March 3. Under the existing “look- back” rule, funds raised in one calendar year with the benefit of the credit can be spent on eligible exploration up to the end of the following calendar year. Therefore, for example, funds raised with the credit during the first three months of 2. Mineral exploration, as well as new mining and related processing activity that could follow from successful exploration efforts, can be associated with a variety of environmental impacts to soil, water, and air and, as a result, could have an impact on the goals of the Federal Sustainable Development Strategy. All such activity, however, is subject to applicable federal and provincial environmental regulations, including project- specific environmental assessments where required. Farming and Fishing Businesses. The income tax rules allow for a tax deferral (“rollover”) of capital gains, and of the recapture of depreciation, on intergenerational transfers of farming property and fishing property from an individual to the individual’s child. As well, the income tax rules provide a $8. Lifetime Capital Gains Exemption (LCGE) on certain farming or fishing property, shares or interests. To simplify the tax rules relating to the intergenerational rollover and the LCGE, Budget 2. Property Held Directly or Through a Partnership. Where an individual carries on a farming or fishing business as a sole proprietor, or through a partnership, in order to be eligible for the intergenerational rollover and LCGE, the qualifying property is required to be used principally in a farming business or a fishing business. A property used in a combination of farming and fishing can currently qualify for the LCGE only if it is used principally (generally interpreted as 5. For example, a property that is used 4. Budget 2. 01. 4 proposes to extend eligibility for the intergenerational rollover and the LCGE to property of an individual used principally in a combination of farming and fishing. Shares or Partnership Interests In order for an individual’s shares in a family corporation or interest in a family partnership to qualify for the intergenerational rollover and LCGE, all or substantially all (generally interpreted as 9. A property held by a family farm corporation or partnership that is used in a combination of farming and fishing must be used principally in farming in order to count towards the “all or substantially all” test. A similar rule applies for a property held by a family fishing corporation or partnership. Corporations (and partnerships) with a mix of assets, some of which are used in farming and some of which are used in fishing, will generally not qualify as either a family farm corporation or a family fishing corporation (or a family farm partnership or a family fishing partnership, as the case may be). In particular, if a property of the corporation or partnership is used principally in either business, or is used principally in a combination of farming and fishing, the property will count towards the all or substantially all test. This measure will apply to dispositions and transfers that occur in the 2. Tax Deferral for Farmers. Farmers who dispose of breeding livestock due to drought, flood or excess moisture conditions existing in prescribed regions in a given year are permitted to defer up to 9. This allows farmers to use the sale proceeds to fund the acquisition of replacement livestock. The inclusion in taxable income in the year of replacement will be largely offset by the cost of the replacement livestock. Regions are prescribed in the Income Tax Regulations for a taxation year upon the recommendation of the Minister of Agriculture and Agri- Food.
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