[Federal Register Volume 70, Number 18 (Friday, January 28, 2005)]
[Rules and Regulations]
[Page 4013]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-1551]



[[Page 4013]]

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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Parts 1 and 602

[TD 9171]
RIN 1545-AY87; 1545-BC03


New Markets Tax Credit; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to final regulations.

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SUMMARY: This document contains corrections to final regulations (TD 
9171), that were published in the Federal Register on Tuesday, December 
28, 2004 (69 FR 77625) relating to the new markets tax credit under 
section 45D.

DATES: This correction is effective December 28, 2004.

FOR FURTHER INFORMATION CONTACT: Paul F. Handleman or Lauren R. Taylor, 
(202) 622-3040 (not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The final regulations (TD 9171) that are the subject of these 
corrections are under section 45D of the Internal Revenue Code.

Need for Correction

    As published, TD 9171 contains errors that may prove to be 
misleading and are in need of clarification.

Correction of Publication

0
Accordingly, the publication of the final regulations (TD 9171), that 
were the subject of FR Doc. 04-28325, is corrected as follows:
0
1. On page 77626, column 3, in the preamble, last full paragraph under 
paragraph heading ``Qualified Active Low-Income Community Business'', 
is removed.
0
2. On page 77627, column 1, in the preamble under paragraph heading 
``Recapture'', first paragraph, line 21 from the top of the column, the 
language, ``taxable year will be not treated as a'' is corrected to 
read ``taxable year will not be treated as a''.

Cynthia E. Grigsby,
Acting Chief, Publications and Regulations Branch, Legal Processing 
Division, Associate Chief Counsel, (Procedures and Administration).
[FR Doc. 05-1551 Filed 1-27-05; 8:45 am]
BILLING CODE 4830-01-P