Par. 23. Section 1.960-1 is amended by: 1. Revising paragraph (a)(1); 2. Revising paragraphs (b)(1) and (b)(3); 3. Removing paragraph (b)(12); 4. Redesignating paragraphs (b)(13) through (b)(16) as paragraphs (b)(12) through (b)(15), respectively; 5. Revising newly redesignated paragraph (b)(15); 6. Redesignating paragraph (b)(17) as paragraph (b)(16), and revising newly redesignated paragraph (b)(16); 7. Adding a new paragraph (b)(17); 8. Removing paragraphs (b)(18) through (b)(21); 9. Redesignating paragraphs (b)(22) through (b)(24) as paragraphs (b)(18) through (b)(20), respectively; 10. Removing paragraph (b)(25); 11. Redesignating paragraphs (b)(26) and (b)(27) as paragraphs (b)(21) and (b)(22), respectively, and revising newly redesignated paragraphs (b)(21) and (b)(22); 12. Removing paragraph (b)(28); 13. Redesignating paragraphs (b)(29) through (b)(38) as paragraphs (b)(23) through (b)(32), respectively; 14. Revising paragraphs (c)(1)(i) through (iii); 15. In paragraph (c)(1)(iv), removing the language “§ 1.960-3(b)” and adding the language “§ 1.960-3” in its place; 16. Removing paragraph (c)(1)(v); 17. Redesignating paragraphs (c)(1)(vi) and (vii) as paragraphs (c)(1)(v) and (c)(1)(vi), respectively; 18. Revising newly redesignated paragraphs (c)(1)(v) and (vi); 19. Revising paragraph (c)(2); 20. Revising paragraph (d)(1); 21. Revising paragraphs (d)(2)(i) and (d)(2)(ii)(A) and (D); 22. Revising the heading of paragraph (d)(3) and the introductory text of paragraph (d)(3)(i); 23. Revising the last sentence of paragraph (d)(3)(i)(A) and the last two sentences of paragraph (d)(3)(ii)(A); 24. Revising paragraph (d)(3)(ii)(B); and 25. Revising paragraphs (e) and (f). The additions and revisions read as follows: