Rule2022-24634
Section 42, Low-Income Housing Credit Average Income Test Regulations; Correction
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
November 14, 2022
Effective
November 14, 2022
Issuing agencies
Treasury DepartmentInternal Revenue Service
Abstract
This document contains corrections to the final regulations (Treasury Decision 9967) published in the Federal Register on Wednesday, October 12, 2022. This correction includes final and temporary regulations setting forth guidance on the average income test for purposes of the low-income housing credit.
Full Text
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<title>Federal Register, Volume 87 Issue 218 (Monday, November 14, 2022)</title>
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[Federal Register Volume 87, Number 218 (Monday, November 14, 2022)]
[Rules and Regulations]
[Pages 68048-68049]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-24634]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[TD 9967]
RIN 1545-BO92
Section 42, Low-Income Housing Credit Average Income Test
Regulations; Correction
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Final and temporary regulations; correction.
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SUMMARY: This document contains corrections to the final regulations
(Treasury Decision 9967) published in the Federal Register on
Wednesday, October 12, 2022. This correction includes final and
temporary regulations setting forth guidance on the average income test
for purposes of the low-income housing credit.
[[Page 68049]]
DATES: These corrections are effective on November 14, 2022 and
applicable on or after October 12, 2022.
FOR FURTHER INFORMATION CONTACT: Concerning the regulations, Dillon
Taylor at (202) 317-4137.
SUPPLEMENTARY INFORMATION:
Background
The final regulations (TD 9967) subject to this correction are
issued under section 42 of the Internal Revenue Code.
Correction of Publication
Accordingly, the final regulations (TD 9967) that are the subject
of FR Doc. 2022-22070, appearing on page 61489 in the Federal Register
on October 12, 2022, are corrected to read as follows:
1. On page 61489, in the third column, in the thirteenth line from
the top of the column, the language ``142(d)(6))'' is corrected to read
``142(d)(6)''.
2. On page 61490, in the third column, in the fourth and fifth
lines from the bottom of the column, the language ``market rate'' is
corrected to read ``market-rate''.
3. On page 61492, in the first column, the last line from the
bottom of the column, the language ``IRS'' is corrected to read ``the
IRS''.
4. On page 61492, in the third column, in the last paragraph, the
seventh line from the top of the paragraph, the language ``appliable''
is corrected to read ``applicable''.
5. On page 61494, in the second column, in the last paragraph, the
twelfth line from the bottom, the language ``42(c)(1)(c)(i)'' is
corrected to read ``42(c)(1)(i)(C)''.
6. On page 61495, in the third column, in the first full paragraph,
in the third line, the language ``proposal rule'' is corrected to read
``proposed rule''.
7. On page 61497, in the third column, in the third full paragraph,
in the tenth line from the top of the paragraph, the language ``makes''
is corrected to read ``make''.
8. On page 61498, in the second column, in the first full
paragraph, in the second and ninth lines from the top of the paragraph,
the language ``IRS'' is corrected to read ``the IRS''.
9. On page 61500, in the second column, under the caption ``III.
Regulatory Flexibility Act'', in the first full paragraph, in the tenth
line from the bottom of the paragraph, the language ``test)'' is
corrected to read ``test''.
10. On page 61500, in the second column, under the caption ``III.
Regulatory Flexibility Act'', in the second full paragraph, the third
line from the bottom of the paragraph, the language ``(v)'' is
corrected to read ``(vi)''.
Oluwafunmilayo A. Taylor,
Branch Chief, Legal Processing Division, Associate Chief Counsel,
(Procedure and Administration).
[FR Doc. 2022-24634 Filed 11-10-22; 8:45 am]
BILLING CODE 4830-01-P
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</html>Indexed from Federal Register on November 14, 2022.
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