[Federal Register Volume 68, Number 204 (Wednesday, October 22, 2003)]
[Proposed Rules]
[Pages 60304-60305]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-26684]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-133791-02 and REG-105606-99]
RIN 1545-BABB and 1545-AX05


Credit for Increasing Research Activities; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to notice of proposed rulemaking.

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SUMMARY: This document contains corrections to proposed regulations 
that were published in the Federal Register on July 29, 2003 (68 FR 
44499). This regulation relates to the computation and allocation of 
the credit for increasing research activities for members of a 
controlled group of corporations or a group of trades or businesses 
under common control.

FOR FURTHER INFORMATION CONTACT: Jolene J. Shiraishi at (202) 622-3120 
(not a toll free number).

SUPPLEMENTARY INFORMATION:

[[Page 60305]]

Background

    The proposed regulations that are the subject of these corrections 
are under section 41 of the Internal Revenue Code.

Need for Correction

    As published, the notice of proposed rulemaking 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 rulemaking 
(REG-133791-02; REG-105606-99), which was the subject of FR Doc. 03-
17870, is corrected as follows:
    1. On page 44500, column 1, in the preamble under the caption 
ADDRESSES, last paragraph, second line, the language ``IRS Auditorium 
(7th Floor), Internal'' is corrected to read ``Room 4718, Internal''.


Sec.  1.41-6  [Corrected]

    2. On page 44503, column 3, Sec.  1.41-6(d), paragraph (ii)(B) (3) 
of Example 1, last line in column 3, the language ``minimum). The 
group's fixed-base'' is corrected to read ``maximum). The group's 
fixed-base''.
    3. On page 44504, column 3, Sec.  1.41-6(d), paragraph (ii)(B)(3) 
of Example 2, column 3 fourth line from the bottom the language ``(the 
statutory minimum). The group's fixed'' is corrected to read ``(the 
statutory maximum). The group's fixed''.

Cynthia E. Grigsby,
Acting Chief, Publications and Regulations Branch, Legal Processing 
Division, Associate Chief Counsel (Procedure and Administration).
[FR Doc. 03-26684 Filed 10-21-03; 8:45 am]
BILLING CODE 4830-01-P