[Federal Register Volume 70, Number 118 (Tuesday, June 21, 2005)]
[Proposed Rules]
[Pages 35570-35571]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-12138]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-134030-04 and REG-133791-02]
RIN 1545-BD60 and RIN 1545-BA88


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 a notice of proposed 
rulemaking relating to the computation and allocation of the credit for 
increasing research activities for members of a controlled group of 
corporations, including consolidated groups, or a group of trades or 
businesses under common control.

FOR FURTHER INFORMATION CONTACT: Nicole R. Cimino at (202) 622-3120 
(not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The proposed regulations that are the subject of these corrections 
are under section 951(a) of the Internal Revenue Code.

Correction of Publication

    Accordingly, the publication of the notice of proposed rulemaking 
(REG-134030-04 and REG-133791-02), which was the subject of FR Doc. 05-
10236, is corrected as follows:
    1. On page 29662, column 3, in the preamble, under the paragraph 
heading ``Background and Explanation of Provisions'', line 5 from the 
bottom, the language ``December 31, 2004. The text

[[Page 35571]]

of those'' is corrected to read ``May 24, 2005. The text of those''.

Cynthia E. Grigsby,
Acting Chief, Publications and Regulations Branch, Legal Processing 
Division, Associate Chief Counsel, (Procedure and Administration).
[FR Doc. 05-12138 Filed 6-20-05; 8:45 am]
BILLING CODE 4830-01-P