[Federal Register Volume 60, Number 10 (Tuesday, January 17, 1995)]
[Rules and Regulations]
[Page 3345]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-1040]



=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 8563]
RIN 1545-AQ41


State Housing Credit Ceiling and Other Rules Relating to the Low-
Income Housing Credit; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to final regulations.

-----------------------------------------------------------------------

SUMMARY: This document contains corrections to the final regulations 
(TD 8563) which were published in the Federal Register for Monday, 
October 3, 1994 (59 FR 50161). The final regulations relate to the low-
income housing credit.

EFFECTIVE DATE: October 3, 1994.

FOR FURTHER INFORMATION CONTACT: Christopher J. Wilson, (202) 622-3040 
(not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The final regulations that are the subject of these corrections are 
under section 42 of the Internal Revenue Code.

Need for Correction

    As published, TD 8563 contains typographical errors which are in 
need of correction.

Correction of Publication

    Accordingly, the publication of the final regulations which is the 
subject of FR Doc. 94-24283, is corrected as follows:


Sec. 1.42-14  [Corrected]

    1. On page 50163, Sec. 1.42-14, paragraph (c), column 2, line 4, 
the language ``ceiling for any calendar year is the'' is corrected to 
read ``ceiling of a State for any calendar year is the''.


Sec. 1.42-14  [Corrected]

    2. On page 50163, Sec. 1.42-14, paragraph (d)(1), column 3, line 4, 
the language ``ceiling for any calendar year equals the'' is corrected 
to read ``ceiling of a State for any calendar year equals the''.


Sec. 1.42-14  [Corrected]

    3. On page 50166, Sec. 1.42-14, paragraph (k)(2), paragraph (iii) 
of Example 4, line 13, the language ``A allocated during 1994 is first 
treated as'' is corrected to read ``A allocated during 1994 is first 
treated as allocated''.


Sec. 1.42-14  [Corrected]

    4. On page 50166, Sec. 1.42-14, paragraph (k)(2), paragraph (iii) 
of Example 4, line 16, the language ``of credit allocated is treated as 
from the'' is corrected to read ``of credit allocated is treated as 
allocated from the''.
Cynthia E. Grigsby,
Chief, Regulations Unit Assistant Chief Counsel (Corporate).
[FR Doc. 95-1040 Filed 1-13-95; 8:45 am]
BILLING CODE 4830-01-P