Rule2023-27933
Additional Guidance on Low-Income Communities Bonus Credit Program; Correction
Primary source
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Published
December 20, 2023
Effective
December 20, 2023
Issuing agencies
Treasury DepartmentInternal Revenue Service
Abstract
This document contains corrections to Treasury Decision 9979, which was published in the Federal Register for Tuesday, August 15, 2023. Treasury Decision 9979 issued final regulations relating to the application of the low-income communities bonus credit program for the energy investment credit established pursuant to the Inflation Reduction Act of 2022.
Full Text
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<title>Federal Register, Volume 88 Issue 243 (Wednesday, December 20, 2023)</title>
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[Federal Register Volume 88, Number 243 (Wednesday, December 20, 2023)]
[Rules and Regulations]
[Page 87903]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-27933]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[TD 9979]
RIN 1545-BQ81
Additional Guidance on Low-Income Communities Bonus Credit
Program; Correction
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Final rule; correction and correcting amendments.
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SUMMARY: This document contains corrections to Treasury Decision 9979,
which was published in the Federal Register for Tuesday, August 15,
2023. Treasury Decision 9979 issued final regulations relating to the
application of the low-income communities bonus credit program for the
energy investment credit established pursuant to the Inflation
Reduction Act of 2022.
DATES: These corrections are effective on December 20, 2023, and
applicable on August 15, 2023.
FOR FURTHER INFORMATION CONTACT: Whitney Brady at (202) 317-6853 (not a
toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The final regulations (TD 9979) that are the subject of this
correction are under section 48(e) of the Code.
Corrections to Publication
Accordingly, the final regulations (TD 9979) that are the subject
of FR Doc. 2023-17078, appearing on page 55506 in the Federal Register
published on August 15, 2023, are corrected as follows:
1. On page 55519, in the third column, the heading ``VII. Annual
Capacity Limitation'' is corrected to read ``VII. Annual Capacity
Limitation''.
2. On page 55522, in the first column, second full paragraph, the
last line is corrected to read, ``applicants in Category 4.''.
List of Subjects in 26 CFR Part 1
Income taxes, Reporting and recordkeeping requirements.
Corrections to the Regulations
Accordingly, 26 CFR part 1 is corrected by making the following
correcting amendments:
PART 1--INCOME TAXES
0
Paragraph 1. The authority citation for part 1 continues to read in
part as follows:
Authority: 26 U.S.C. 7805 * * *
0
Par. 2. Section 1.48(e)-1 is amended:
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a. In the first sentence of paragraph (h)(1) by removing the language
``paragraph (b)'' and adding the language ``paragraph (b)(2)'' in its
place.
0
b. By revising the heading for paragraph (h)(2)(ii)(B).
The revision reads as follows:
Sec. 1.48(e)-1 Low-Income Communities Bonus Credit Program.
* * * * *
(h) * * *
(2) * * *
(ii) * * *
(B) Partnership. * * *
* * * * *
Oluwafunmilayo A. Taylor,
Section Chief, Publications & Regulations Section, Associate Chief
Counsel, (Procedure and Administration).
[FR Doc. 2023-27933 Filed 12-19-23; 8:45 am]
BILLING CODE 4830-01-P
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</html>Indexed from Federal Register on December 20, 2023.
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