Rule2024-17143
Increased Amounts of Credit or Deduction for Satisfying Certain Prevailing Wage and Registered Apprenticeship Requirements; 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
August 16, 2024
Effective
August 26, 2024
Issuing agencies
Treasury DepartmentInternal Revenue Service
Abstract
This document contains corrections to Treasury Decision 9998 published in the Federal Register on Tuesday, June 25, 2024. Treasury Decision 9998 sets forth final regulations regarding the increased credit amounts or the increased deduction amount available for taxpayers satisfying prevailing wage and registered apprenticeship (collectively, PWA) requirements established by the Inflation Reduction Act of 2022.
Full Text
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<title>Federal Register, Volume 89 Issue 159 (Friday, August 16, 2024)</title>
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[Federal Register Volume 89, Number 159 (Friday, August 16, 2024)]
[Rules and Regulations]
[Pages 66560-66562]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-17143]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[TD 9998]
RIN 1545-BQ62
Increased Amounts of Credit or Deduction for Satisfying Certain
Prevailing Wage and Registered Apprenticeship Requirements; Correction
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Final rule; correction.
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SUMMARY: This document contains corrections to Treasury Decision 9998
published in the Federal Register on Tuesday, June 25, 2024. Treasury
Decision 9998 sets forth final regulations regarding the increased
credit amounts or the increased deduction amount available for
taxpayers satisfying prevailing wage and registered apprenticeship
(collectively, PWA) requirements established by the Inflation Reduction
Act of 2022.
DATES:
Effective date: These corrections are effective on August 26, 2024.
Applicability date: For date of applicability, see Sec. Sec.
1.30C-3(c), 1.45-6(d), 1.45-7(e), 1.45-8(h), 1.45-12(f), 1.45L-3(c),
1.45Q-6(c), 1.45U-3(c), 1.45V-3(c), 1.45Y-3(c), 1.45Z-3(c), 1.48C-3(b),
1.179D-3(c).
FOR FURTHER INFORMATION CONTACT: Concerning these final regulations,
Barbara Campbell or Nicole Cimino of the Office of the Associate Chief
Counsel (Passthroughs & Special Industries) at (202) 317-6853 (not a
toll-free number).
SUPPLEMENTARY INFORMATION:
[[Page 66561]]
Background
The final regulations (TD 9998) subject to these corrections are
issued under sections 30C, 45, 45L, 45Q, 45U, 45V, 45Y, 45Z, 48C, and
179D of the Internal Revenue Code.
Correction of Publication
Accordingly, the final regulations (TD 9998) that are the subject
of FR Doc. 2024-13331, published on Tuesday, June 25, 2024, at 89 FR
53184 are corrected as follows:
1. On page 53184, in the second column, in the third line of the
second full paragraph, the language ``credits'' is corrected to read
``credit''.
2. On page 53187, in the first column, under the heading ``IV.
Prior Guidance'', in the fifth line from the top of the paragraph, the
language ``credits'' is corrected to read ``credit''.
3. On page 53188, in the first column, in the second line from the
bottom of the column, the language ``grammatical or stylistic'' is
corrected to read ``grammatical and stylistic''.
4. On page 53193, in the second column, in the eleventh line from
the top of the column, the language ``appliable'' is corrected to read
``applicable''.
5. On page 53196, in the first column, the sixth line from the top
of the column is corrected to read ``equivalent under the DBA, looks
solely at''.
6. On page 53196, in the third column, the sixth line from the
bottom of the column is corrected to read ``definition of a qualified
facility under''.
7. On page 53199, in the third column, the thirteenth line from the
bottom of the column is corrected to read ``laborer or mechanic''.
8. On page 53200, in the first column, the fourteenth line from the
bottom of the column is corrected to read ``but not all of the requests
for qualified''.
9. On page 53204, in the first column, in the nineteenth line from
the bottom of the column, the language ``a'' is removed.
10. On page 53204, in the first column, the third line from the
bottom of the column is corrected to read ``prevailing rates in
accordance with''.
11. On page 53205, in the third column, the last line of the
footnote is corrected to read ``of section 179D(f); and in each case
including any''.
12. On page 53209, in the first column, the tenth line from the top
of the column is corrected to read ``determinations is <a href="https://www.sam.gov">https://www.sam.gov</a>.''.
13. On page 53210, in the third column, the fifth line of the first
full paragraph is corrected to read ``the greatest number of laborers
or''.
14. On page 53213, in the third column, in the fifth line of the
first full paragraph, the language ``apprenticeships'' is corrected to
read ``apprentices''.
15. On page 53222, in the first column, in the fifth line from the
top of the first full paragraph, the language ``and amount'' is
removed.
16. On page 53225, in the first column, in the first line of the
column, the language ``applies'' is corrected to read ``apply''.
17. On page 53228, in the third column, the fourth line from the
bottom of the second full paragraph is corrected to read
``apprenticeship agency pursuant to 29 CFR''.
18. On page 53233, in the third column, in the second line of the
footnote, the language ``an NPRM'' is corrected to read ``a notice of
proposed rulemaking''.
19. On page 53235, in the first column, the fourth line of last
partial paragraph is corrected to read ``programs. Under section
45(b)(8)(D)(ii), to''.
20. On page 53238, in the first column, the fourth line from the
bottom of the partial paragraph is corrected to read ``Under section
30C(c)(g)(3), rules similar''.
21. On page 53242, in the third column, in the sixth line of the
second full paragraph, the language ``48C(c)(2)'' is corrected to read
``section 48C(c)(2)''.
22. On page 53243, in the first column, in third line from the
bottom of the first partial paragraph, the language ``179D(b)'' is
corrected to read ``section 179D(b)''.
23. On page 53244, in the second column, the fourth line of the
last partial paragraph is corrected to read ``suggested that the final
regulations''.
24. On page 53246, in the third column, the fifth line from the
second full paragraph is corrected to read ``as it applies to
facilities, property, projects,''.
25. On page 53247, in the third column, the sixth line of the
second full paragraph is corrected to read ``preamble to the notice of
proposed rulemaking estimated these''.
26. On page 53248, in the second column, in the sixth line of the
third paragraph, the language ``paying'' is removed.
27. On page 53248, in the second column, in the seventh line of the
third paragraph, the language ``qualified'' is corrected to read ``of
qualified''.
28. On page 53248, in the third column, in the third line from the
top of the column, the language ``be'' is removed.
29. On page 53249, in the second column, the nineth line of the
second full paragraph is corrected to read ``data includes
approximately 18 million''.
30. On page 53249, in the second column, the eleventh line of the
second full paragraph is corrected to read ``the tax data includes more
small''.
31. On page 53249, in the second column, the thirteenth line of the
second full paragraph is corrected to read ``one employee. Tax data
provides a more''.
32. On page 53249, in the second column, the sixteenth line of the
second full paragraph is corrected to read ``tax data is an appropriate
resource for''.
33. On page 53250, in the third column, the seventh line from the
bottom of the first full paragraph is corrected to read ``rates.
Commenters suggested that the''.
34. On page 53251, in the first column, the fourth line from the
bottom of the first full paragraph is corrected to read ``processes for
setting standards are''.
PART 1 [Corrected]
0
35. On page 53251, in the third column, in amendatory instruction 1 for
part 1, ``Sec. 1.48C-3,'' is removed.
Sec. Sec. 1.45-9--1.45-12 [Corrected]
0
36. On page 53252, in the first column, in amendatory instruction 3 for
Sec. Sec. 1.45-9 through 1.45-12, in the table of contents for the
sections, the text ``1.45-9--1.45.11 [Reserved]'' is corrected to read
``1.45-9--1.45-11 [Reserved]''.
Sec. 1.45-7 [Corrected]
0
37. In amendatory instruction 3, in Sec. 1.45-7:
0
i. On page 53255, in the first column, the fourteenth line from the
bottom of paragraph (b)(5) is corrected to read ``repair starts within
180 days of''.
0
ii. On page 53255, in the third column, the fifth line from the bottom
of paragraph (b)(7)(i) is corrected to read ``Wage Requirements by
paying''.
0
iii. On page 53257, in the first column, the tenth line of paragraph
(c)(1)(vi)(C) is corrected to read ``facility for 22 weeks in 2023 and
was paid''.
0
iv. On page 53257, in the second column, the seventh line of paragraph
(c)(3)(i) introductory text is corrected to read ``the requirements--
''.
0
v. On page 53258, in the first column, the ninth line from the bottom
of paragraph (c)(3)(i)(J) is corrected to read ``action, and whether
the taxpayer''.
0
vi. On page 53258, in the second column, the seventeenth line from the
bottom of paragraph (c)(3)(iv)(A) is
[[Page 66562]]
corrected to read ``wages paid to any laborers and''.
0
vii. On page 53260, in the third column, the sixth line from the bottom
of paragraph (c)(6)(iv)(E) is corrected to read ``period of August 1,
2023, to September''.
Sec. 1.45-8 [Corrected]
0
38. In amendatory instruction 3, in Sec. 1.45-8:
0
i. On page 53262, in the third column, the third line from the bottom
of paragraph (b)(1) is corrected to read ``dividing the total hours
worked by all''.
0
ii. On page 53265, in the third column, the third line of paragraph
(f)(2)(i)(A) is corrected to read ``failures to meet the percentage of
the total''.
0
iii. On page 53266, in the first column, last line of the partial
paragraph (f)(2)(i)(A) is corrected to read ``Exception.''.
0
iv. On page 53266, in the third column, the sixth line from bottom of
paragraph (f)(2)(i)(D)(2) is corrected to read ``(5) on the
construction of the''.
0
v. On page 53267, in the third column, the fourth line of paragraph
(f)(2)(ii)(C)(13) is corrected to read ``Apprenticeship Requirements
for''.
0
vi. On page 53268, in the first column, the sixth line of paragraph
(f)(2)(ii)(D)(1) is corrected to read ``include contract provisions
that require''.
Sec. 1.45U-3 [Corrected]
0
39. On page 53271, in the second column, in amendatory instruction 6,
in Sec. 1.45U-3, the second line of paragraph (b)(1) is corrected to
read ``agreement with one or more labor''.
Regina L. Johnson,
Federal Register Liaison, Publications and Regulations Section,
Associate Chief Counsel, (Procedure and Administration).
[FR Doc. 2024-17143 Filed 8-15-24; 8:45 am]
BILLING CODE 4830-01-P
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</html>Indexed from Federal Register on August 16, 2024.
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