[Federal Register Volume 68, Number 217 (Monday, November 10, 2003)]
[Rules and Regulations]
[Page 63734]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-28201]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9091]
RIN 1545-BC19


Special Depreciation Allowance; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to temporary regulations.

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SUMMARY: This document contains corrections to temporary regulations 
that were published in the Federal Register on Monday, September 8, 
2003 (68 FR 52986), relating to the depreciation of property subject to 
section 168 of the Internal Revenue Code (MACRS property) and the 
depreciation of computer software subject to section 167.

DATES: These corrections are effective September 8, 2003.

FOR FURTHER INFORMATION CONTACT: Douglas Kim, (202) 622-3110 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION: 

Background

    The temporary regulations that are the subject of these corrections 
are under sections 167, 168 and 1400L(b) of the Internal Revenue Code.

Need for Correction

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

Correction of Publication

0
Accordingly, the publication of temporary regulations (TD 9091), that 
was the subject of FR Doc. 03-22670, is corrected as follows:


Sec.  1.167(a)-14T  [Corrected]

0
1. On page 52991, column 2, Sec.  1.167(a)-14T(e)(3), last line of the 
paragraph, the language, ``September 8, 2006'' is corrected to read 
``September 4, 2006''.


Sec.  1.168-1T  [Corrected]

0
2. On page 52991, column 3, Sec.  1.168(d)-1T(d)(2), last line of the 
paragraph, the language, ``September 8, 2006'' is corrected to read 
``September 4, 2006''.

0
3. On page 53001, column 2, Sec.  1.168(k)-1T(f)(5)(iii)(A), last line 
of the paragraph, the language, ``minimum tax purposes'' is corrected 
to read ``minimum tax purposes (for example, use the remaining 
carryover basis as determined for alternative minimum tax purposes).''

0
4. On page 53003, column 2, Sec.  1.168(k)-1T(g)(1), last line of the 
paragraph, the language, ``expires on September 8, 2006.'' is corrected 
to read ``expires on September 4, 2006.''


Sec.  1.169-3T  [Corrected]

0
5. On page 53004, column 3, Sec.  1.169-3T, last line of the paragraph, 
the language, ``September 8, 2003.'' is corrected to read ``September 
4, 2006.''


Sec.  1.1400L(b)-1T  [Corrected]

0
6. On page 53006, column 2, Sec.  1.1400L(b)-1T(g)(1), last line of the 
paragraph, the language, ``expires on September 8, 2006.'' is corrected 
to read ``expires on September 4, 2006.''

Cynthia E. Grigsby,
Acting Chief, Publications and Regulations Branch, Legal Processing 
Division, Associate Chief Counsel (Procedure and Administration).
[FR Doc. 03-28201 Filed 11-7-03; 8:45 am]
BILLING CODE 4830-01-P