Final Answer:
Treasury Regulations issued under this section are likely to be legislative.
Step-by-step explanation:
Legislative regulations are those that create new law, impose new rights or duties, or prescribe a particular course of conduct. In the context of Treasury Regulations, legislative regulations are used to implement and interpret the tax laws enacted by the legislative branch of the government. These regulations carry the force of law and have a binding effect on taxpayers. They provide specific details and guidance on how to comply with the tax laws and are essential for the proper administration of the tax system.
Interpretative regulations, on the other hand, clarify existing laws without creating new legal requirements. They help to explain the meaning or intent of statutory provisions. However, in the case of Treasury Regulations, the complexity of tax laws often requires the creation of new rules and standards, making legislative regulations more common. This ensures a comprehensive and detailed framework for taxpayers to follow, promoting consistency and fairness in the application of tax laws.
In summary, Treasury Regulations issued under this section are likely to be legislative because they involve the creation of new rules and standards to implement and interpret tax laws, providing clear guidance for taxpayers and tax administrators.