[Federal Register Volume 67, Number 23 (Monday, February 4, 2002)]
[Rules and Regulations]
[Page 5061]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-2621]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Parts 1 and 602

[TD 8971]
RIN 1545-BA49


New Markets Tax Credit; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to temporary regulations.

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SUMMARY: This document contains a correction to temporary regulations 
that was published in the Federal Register on December 26, 2001 (66 FR 
66307). This document contains temporary regulations that provide 
guidance for taxpayers claiming the new markets tax credit under 
section 45D.

DATES: This correction is effective December 26, 2001.

FOR FURTHER INFORMATION CONTACT: Paul Handleman (202) 622-3040 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The temporary regulations that are the subject of this correction 
are under section 45D of the Internal Revenue Code.

Need for Correction

    As published, the temporary regulations (TD 8971) contains errors 
that may prove to be misleading and are in need of clarification.

Correction of Publication

    Accordingly, the publication of the temporary regulations (TD 
8971), which is the subject of FR. Doc. 01-31528, is corrected as 
follows:
    On page 66310, column 1, under the paragraph heading ``Part 1--
Income Taxes'', following paragraph 1, please insert in the amendatory 
instruction ``Par. 1a. The undesignated center heading immediately 
preceding Sec. 1.30-1 is revised to read as follows: Credits Allowable 
Under Sections 30 through 45D''.

LaNita Van Dyke,
Acting Chief, Regulations Unit, Associate Chief Counsel, (Income Tax 
and Accounting).
[FR Doc. 02-2621 Filed 2-1-02; 8:45 am]
BILLING CODE 4830-01-P