82 FR 155 pg. 37817 - Arbitrage Guidance for Tax-Exempt Bonds; Correction
Type: RULEVolume: 82Number: 155Page: 37817
Page: 37817Docket number: [TD 9777]
FR document: [FR Doc. 2017-17135 Filed 8-11-17; 8:45 am]
Agency: Treasury Department
Sub Agency: Internal Revenue Service
Official PDF Version: PDF Version
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[TD 9777]
RIN 1545-BG41; 1545-BH38
Arbitrage Guidance for Tax-Exempt Bonds; Correction
AGENCY:
Internal Revenue Service (IRS), Treasury.
ACTION:
Correcting amendment.
SUMMARY:
This document contains a correction to final regulations (TD 9777) that were published in the Federal Register on Monday, July 18, 2016 (81 FR 46582). The final regulations relate to the arbitrage restrictions under section 148 of the Internal Revenue Code applicable to tax-exempt bonds and other tax-advantaged bonds issued by State and local governments.
DATES:
This correction is effective August 14, 2017 and applicable July 18, 2016.
FOR FURTHER INFORMATION CONTACT:
Spence Hanemann at (202) 317-6980 (not a toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The final regulations (TD 9777) that are the subject of this correction are under section 148 of the Internal Revenue Code.
Need for Correction
As published, the final regulations (TD 9777) contain an error that may prove to be misleading and are in need of clarification.
List of Subjects in 26 CFR Part 1
Income taxes, Reporting and recordkeeping requirements.
Correction of Publication
Accordingly, 26 CFR part 1 is amended by making the following correcting amendment:
PART 1-INCOME TAXES
Paragraph 1. The authority citation for part 1 continues to read in part as follows:
Authority:
26 U.S.C. 7805 * * *
§?1.148-11 [Amended]
Par. 2. Amend §?1.148-11(k)(1) by adding "1.148-6(d)(3)(iii)(A);" before "1.148-6(d)(4)".
Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration) .
[FR Doc. 2017-17135 Filed 8-11-17; 8:45 am]
BILLING CODE 4830-01-P