Proposed Rule2023-07987
Advanced Manufacturing Investment Credit; 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
April 17, 2023
Issuing agencies
Treasury DepartmentInternal Revenue Service
Abstract
This document contains corrections to a notice of proposed rulemaking (REG-120653-22) that was published in the Federal Register on Thursday, March 23, 2023. The proposed rulemaking published in March contains proposed regulations to implement the advanced manufacturing investment credit established by the CHIPS Act of 2022 to incentivize the manufacture of semiconductors and semiconductor manufacturing equipment within the United States.
Full Text
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<title>Federal Register, Volume 88 Issue 73 (Monday, April 17, 2023)</title>
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[Federal Register Volume 88, Number 73 (Monday, April 17, 2023)]
[Proposed Rules]
[Pages 23369-23370]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-07987]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[REG-120653-22]
RIN 1545-BQ54
Advanced Manufacturing Investment Credit; Correction
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Correction to a notice of proposed rulemaking.
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SUMMARY: This document contains corrections to a notice of proposed
rulemaking (REG-120653-22) that was published in the Federal Register
on Thursday, March 23, 2023. The proposed rulemaking published in March
contains proposed regulations to implement the advanced manufacturing
investment credit established by the CHIPS Act of 2022 to incentivize
the manufacture of semiconductors and semiconductor manufacturing
equipment within the United States.
DATES: Written or electronic comments and requests for a public hearing
are still being accepted and must be received by May 22, 2023.
ADDRESSES: Commenters are strongly encouraged to submit public comments
electronically. Submit electronic submissions via the Federal
eRulemaking Portal at <a href="http://www.regulations.gov">www.regulations.gov</a> (indicate IRS and REG-120653-
22) by following the online instructions for submitting comments. Once
submitted to the Federal eRulemaking Portal, comments cannot be edited
or withdrawn. The Department of the Treasury (Treasury Department) and
the IRS will publish for public availability any comment submitted
electronically and on paper, to its public docket. Send paper
submissions to: CC:PA:LPD:PR (REG-120653-22), Room 5203, Internal
Revenue Service, P.O. Box 7604, Ben Franklin Station, Washington, DC
20044.
FOR FURTHER INFORMATION CONTACT: Concerning the proposed regulations,
Jason P. Deirmenjian of the Office of Associate Chief Counsel
(Passthroughs and Special Industries), (202) 317-4137 (not a toll-free
number); concerning submissions of comments and requests for a public
hearing, call Vivian Hayes (202) 317-5306 (not a toll-free number) or
by email to <a href="/cdn-cgi/l/email-protection#97e7e2f5fbfef4fff2f6e5fef9f0e4d7fee5e4b9f0f8e1"><span class="__cf_email__" data-cfemail="1a6a6f78767379727f7b6873747d695a736869347d756c">[email protected]</span></a> (preferred).
SUPPLEMENTARY INFORMATION:
Background
The notice of proposed rulemaking that is the subject of this
document is under section 48D of the Internal Revenue Code.
Need for Correction
As published, the notice of proposed rulemaking (REG-120653-22)
contains errors that need to be corrected.
Correction of Publication
Accordingly, the notice of proposed rulemaking (REG-120653-22),
which was the subject of FR Doc. 2023-05871, published March 23, 2023,
at 88 FR 17451, is corrected as follows:
1. On page 17455, in the third column, first partial paragraph,
line 19 from the bottom of the paragraph, the language ``of concern,
and'' should be corrected to read ``of concern; and''.
2. On page 17455, in the third column, the heading ``IV.
Applicability Date'' is corrected to read as ``VII. Applicability
Date''.
Sec. 1.48D-0 [Corrected]
3. On page 17457, in the first column, the entry for Sec. 1.48D-
4(c)(3)(i) is corrected to read ``Example 1: Primary purpose.''.
4. On page 17457, in the second column, the entry for Sec. 1.48D-
4(c)(3)(ii) is corrected to read ``Example 2: Primary purpose.''.
Sec. 1.48D-2 [Corrected]
5. On page 17458, in the first column, the third line of paragraph
(c), the language ``the the basis of the qualified
[[Page 23370]]
property'' is corrected to read ``the basis of the qualified
property''.
Sec. 1.48D-4 [Corrected]
6. On page 17460, in the third column, the heading for paragraph
(c)(3)(i) is corrected to read ``Example 1: Primary purpose.''.
7. On page 17461, in the first column, the heading of paragraph
(c)(3)(ii) is corrected to read as ``Example 2: Primary purpose.''.
Sec. 1.48D-6 [Corrected]
8. On page 17464, in the second column, paragraph (d)(3)(i), the
sixth line, the language ``48D(d)(2)(A)(I)(i)'' is corrected to read
``48D(d)(2)(A)(i)(I)''.
Oluwafunmilayo A. Taylor,
Branch Chief, Publications and Regulations Branch, Legal Processing
Division, Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2023-07987 Filed 4-14-23; 8:45 am]
BILLING CODE 4830-01-P
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