[Federal Register Volume 63, Number 32 (Wednesday, February 18, 1998)]
[Proposed Rules]
[Page 8154]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-3927]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-209476-82]
RIN 1545-AE41


Loans to Plan Participants; Correction

AGENCY: Internal Revenue Service, Treasury.

ACTION: Correction to a notice of proposed rulemaking.

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SUMMARY: This document contains corrections to the notice of proposed 
rulemaking (REG-209476-82), which was published in the Federal Register 
Friday, January 2, 1998 (63 FR 42), relating to loans made from a 
qualified employer plan to plan participants or beneficiaries.

FOR FURTHER INFORMATION CONTACT: Vernon Carter (202) 622-6070 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The notice of proposed rulemaking that is the subject of these 
corrections is under sections 72(p) of the Internal Revenue Code.

Need for Correction

    As published, REG-209476-82 contains errors which may prove to be 
misleading and are in need of clarification.

Correction of Publication

    Accordingly, the publication of the notice of proposed rulemaking 
(REG-209476-82), which was the subject of FR Doc. 97-33983, is 
corrected as follows:
    1. On page 43, column 2, in the preamble under the paragraph 
heading ``Explanation of Provisions'', the first full paragraph in the 
column, line 18, the language ``However, a special rule applies if a 
plan'' is corrected to read ``In addition, a special rule applies if a 
plan''.
    2. On page 43, column 2, in the preamble under the paragraph 
heading ``Explanation of Provisions'', the first full paragraph in the 
column, line 26, the language ``increase in basis thereafter is less 
than'' is corrected to read ``increase in basis thereafter (e.g., from 
after-tax contribution) is less than''.
Cynthia E. Grigsby,
Chief, Regulations Unit, Assistant Chief Counsel (Corporate).
[FR Doc. 98-3927 Filed 2-17-98; 8:45 am]
BILLING CODE 4830-01-U