[Federal Register Volume 68, Number 171 (Thursday, September 4, 2003)]
[Proposed Rules]
[Page 52545]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-22551]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-131997-02]
RIN 1545-BA85


Section 42 Carryover and Stacking Rule Amendments; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION:  Correction to notice of proposed rulemaking and notice of 
public hearing.

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SUMMARY: This document contains corrections to a notice of proposed 
rulemaking and notice of public hearing that was published in the 
Federal Register on Monday, July 7, 2003 (68 FR 40218), that amends 
several existing regulations concerning the low-income housing tax 
credit.

FOR FURTHER INFORMATION CONTACT: Lauren R. Taylor, (202) 622-3040, or 
Christopher J. Wilson, (808) 539-2874 (not a toll-free number).

SUPPLEMENTARY INFORMATION: 

Background

    The notice of proposed rulemaking and notice of public hearing that 
is the subject of this correction is under section 42 of the Internal 
Revenue Code.

Need for Correction

    As published, the notice of proposed rulemaking and notice of 
public hearing contains errors that may prove to be misleading and are 
in need of clarification.

Correction of Publication

    Accordingly, the publication of the notice of proposed regulations 
and notice of public hearing (REG-131997-02), that was the subject of 
FR Doc. 03-16941, is corrected as follows:
    1. On page 40218, column 3, in the preamble under the paragraph 
heading ADDRESSES, third line from the bottom of the paragraph, the 
language ``room 2615, Internal Revenue Building, '' is corrected to 
read ``room 4718, Internal Revenue Building,''.


Sec.  1.42-12  [Corrected]

    2. On page 40222, column 2, Sec.  1.42-12(a)(2), second paragraph, 
line 4 from the bottom, the language, ``before these regulations are 
published as'' is corrected to read ``before the date these regulations 
are published as''.
    3. On page 40222, column 2, Sec.  1.42-12(a)(3), third paragraph, 
last line, the language, ``effect on and before these regulations'' is 
corrected to read ``effect on and before the date these regulations''.
    4. On page 40223, column 2, Sec.  1.42-14(k)(2), Example 2, 
paragraph (ii), line 12, the language, ``Pool. The $120 in credit 
determined by the'' is corrected to read ``Pool. The $120 in credit 
determined by''.
    5. On page 40224, column 1, Sec.  1.42-14(l)(1), ``Effective 
dates'', line 2, the language, ``Except as provided in paragraph 
(l)(2), is corrected to read ``Except as provided in paragraph (l)(2) 
of this section,''.

Cynthia E. Grigsby,
Acting Chief, Publications and Regulations Branch, Legal Processing 
Division, Associate Chief Counsel (Procedure and Administration).
[FR Doc. 03-22551 Filed 9-3-03; 8:45 am]
BILLING CODE 4830-01-P