Rule2024-27588
Advanced Manufacturing Production 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
November 26, 2024
Effective
December 27, 2024
Issuing agencies
Treasury DepartmentInternal Revenue Service
Abstract
This document contains corrections to Treasury Decision 10010 published in the Federal Register on Monday, October 28, 2024. Treasury Decision 10010 sets forth final regulations regarding the advanced manufacturing production credit established by the Inflation Reduction Act of 2022 to incentivize the production of eligible components within the United States.
Full Text
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<title>Federal Register, Volume 89 Issue 228 (Tuesday, November 26, 2024)</title>
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[Federal Register Volume 89, Number 228 (Tuesday, November 26, 2024)]
[Rules and Regulations]
[Pages 93170-93171]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-27588]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[TD 10010]
RIN 1545-BQ85
Advanced Manufacturing Production Credit; Correction
AGENCY: Internal Revenue Service (IRS), Treasury.
[[Page 93171]]
ACTION: Final rule; correction.
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SUMMARY: This document contains corrections to Treasury Decision 10010
published in the Federal Register on Monday, October 28, 2024. Treasury
Decision 10010 sets forth final regulations regarding the advanced
manufacturing production credit established by the Inflation Reduction
Act of 2022 to incentivize the production of eligible components within
the United States.
DATES:
Effective date: These corrections are effective on December 27,
2024.
Applicability date: For date of applicability, see Sec. Sec.
1.45X-1(j), 1.45X-2(f), 1.45X-3(g), and 1.45X-4(d).
FOR FURTHER INFORMATION CONTACT: Mindy Chou or Derek Gimbel at (202)
317-6853 (not a toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The final regulations (TD 10010) subject to these corrections are
issued under section 45X of the Internal Revenue Code.
Correction of Publication
Accordingly, FR Doc. 2024-24840 (TD 10010), appearing on page 85798
in the Federal Register of Monday, October 28, 2024, is corrected as
follows:
1. On page 85798, in the second column, in the second partial
paragraph, in the third line from the bottom of the paragraph, the
language ``1818 (August 16, 2022)'' is corrected to read ``1818, 1971
(August 16, 2022)''.
2. On page 85800, in the first column, in the first full paragraph,
in the eighth line, ``193'' is corrected to read ``194''.
3. On page 85800, in the first column, the heading ``A. In
general'' is corrected to read ``A. In General''.
4. On page 85801, in the second column, in the sixth line from the
bottom of the first partial paragraph, the language ``considered to
produce'' is corrected to read ``considered to have produced''.
5. On page 85801, in the third column, in the fifth line of the
first full paragraph, the language ``produced by the taxpayer'' is
corrected to read ````produced by the taxpayer''''.
6. On page 85803, in the second column, in the twenty-fourth line
of the first full paragraph, the language ``clarified'' is corrected to
read ``clarified the''.
7. On page 85803, in the second column, in the fifth line from the
bottom of the first full paragraph, the language ``have'' is corrected
to read ``have the''.
8. On page 85803, in the second column, in the sixth line of the
first partial paragraph, the language ``United States,'' is corrected
to read ``United States, including continental shelf areas''.
9. On page 85806, in the third column, in the sixth line of the
first partial paragraph, the word ``batteries'' is corrected to read
``eligible components''.
10. On page 85806, in the third column, in the eighth line of the
first full paragraph, the word ``both'' is corrected to read ``the''.
11. On page 85807, in the third column, in the last line from the
bottom of the first partial paragraph, the language ``sale.'' is
corrected to read ``sale. Accordingly, the Treasury Department and the
IRS decline to adopt the commenter's suggestion and finalize the
proposed rule without modification.''.
12. On page 85807, in the third column, in the eighth line of the
second full paragraph, the language ``as commenter'' is corrected to
read ``as the commenter''.
13. On page 85809, in the third column, in the fifth line from the
bottom of the third full paragraph, the word ``if'' is corrected to
read ``provided that''.
14. On page 85809, in the third column, in the fourth line from the
bottom of the third full paragraph, the word ``polysilicon'' is
corrected to read ``polysilicon,''.
15. On page 85813, in the first column, in the seventh line from
the bottom of the third full paragraph, the language ``(Standard)'' is
removed.
16. On page 85813, in the first column, in the fifth line from the
bottom of the third full paragraph, the language ``Standards'' is
corrected to read ``standards''.
17. On page 85815, in the third column, in the second line of the
third full paragraph, the language ``that generally,'' is corrected to
read ``that, generally,''.
18. On page 85816, in the second column, the first partial
paragraph, the language ``as electrode active materials, battery cells,
or battery modules'' is corrected to read ``as an electrode active
material, a battery cell, or a battery module''.
19. On page 85820, in the second column, in the twentieth line of
the first full paragraph, the word ``at'' is corrected to read ``an''.
Sec. Sec. 1.45X-1 [Corrected]
0
20. On page 85832, in the second column, correct paragraph (a)(2)(xi)
to read as follows: ``(xi) Produced by the taxpayer. The term produced
by the taxpayer is defined in paragraph (c) of this section.''.
0
21. On page 85833, in the first column, in the fifth line from the
bottom of paragraph (c)(2)(i), the language ``1.45X-3(e)(2)(ii)(A)'' is
corrected to read ``1.45X-3(e)(2)(iii)(A)''.
0
22. On page 85833, in the first column, in the second line from the
bottom of paragraph (c)(2)(i), the language ``3(e)(2)(ii)(B)'' is
corrected to read ``3(e)(2)(iii)(B)''.
0
23. On page 85833, in the second column, in the third line of paragraph
(c)(2)(ii), the language ``45X(c)(6)(P)'' is corrected to read
``45X(c)(6)(P)(ii)''.
0
24. On page 85833, in the second column, in the last line from the
bottom of paragraph (c)(2)(ii), the language ``45X(c)(6)(P)'' is
corrected to read ``45X(c)(6)(P)(ii)''.
0
25. On page 85834, in the second column, in the second line from the
bottom of paragraph (c)(3)(v)(D), the language ``paragraph (c)(2)(i)''
is corrected to read ``paragraph (c)(3)(i).
0
26. On page 85834, in the third column, in the fifth line of paragraph
(c)(4)(ii), the language ``45X(4)(B)(iv)'' is corrected to read
``45X(c)(4)(B)(iv)''.
0
27. On page 85836, in the first column, in the fourth line from the
bottom of paragraph (g)(4)(iii)(B), the language ``Production Unit A or
B'' is corrected to read ``Equipment A or B''.
0
28. On page 85836, in the second column, the heading for paragraph
(g)(4)(v) is corrected to read ``Example 5: Multiple tangible property
used to produce separate eligible components--''.
Sec. 1.45X-3 [Corrected]
0
29. On page 85842, in the second column, in the tenth line of paragraph
(e)(2)(iv)(A)(1), the word ``material'' is corrected to read ``material
only,''.
0
30. On page 85842, in the third column, in the third line of paragraph
(e)(3)(ii), the language ``(e)(2)(iv)(A)(2)(i)'' is corrected to read
``(e)(2)(iv)(A)(3)(i)''.
0
31. On page 85843, in the third column, in the seventh line from the
bottom of paragraph (e)(4)(i)(A), the word ``individually'' is removed.
Sec. 1.45X-4 [Corrected]
0
32. On page 85845, in the second column, in the ninth line of paragraph
(c)(3)(i), the word ``mineral,'' is corrected to read ``mineral
only,''.
Oluwafunmilayo A. Taylor,
Section Chief, Publications and Regulations Section, Associate Chief
Counsel, (Procedure and Administration).
[FR Doc. 2024-27588 Filed 11-25-24; 8:45 am]
BILLING CODE 4830-01-P
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</html>Indexed from Federal Register on November 26, 2024.
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