[Federal Register Volume 71, Number 125 (Thursday, June 29, 2006)]
[Rules and Regulations]
[Pages 36987-36988]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-10248]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9262]
RIN 1545-BF57


Computer Software Under Section 199(c)(5)(B); Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to temporary regulations.

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SUMMARY: This document contains a correction to temporary regulations 
(TD 9262) that were published in the Federal Register on Thursday, June 
1, 2006 (71 FR 31074) concerning the application of section 199 of the 
Internal Revenue Code, which provides a deduction for income 
attributable to domestic production activities, to certain transactions 
involving computer software.

DATES: These corrections are effective June 1, 2006.

[[Page 36988]]


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

SUPPLEMENTARY INFORMATION:

Background

    The correction notice that is the subject of this document is under 
section 199 of the Internal Revenue Code.

Need for Correction

    As published, the correction notice (TD 9262) contains errors that 
may prove to be misleading and are in need of clarification.

Correction of Publication

    Accordingly, the publication of the temporary regulations (TD 
9262), which was the subject of FR Doc. 06-4828, is corrected as 
follows:
    1. On page 31075, column 1, in the preamble, under the paragraph 
heading ``Qualified Production Activities Income,'' first paragraph of 
the column, line 3, the language ``mean: (A) Tangible personal 
property;'' is corrected to read ``mean: (A) tangible personal 
property;''.
    2. On page 31075, column 1, in the preamble, under the paragraph 
heading ``Summary of Comments'', last paragraph of the column, line 16, 
the language ``include: (1) Whether an agreement'' is corrected to read 
``include: (1) whether an agreement''.
    3. On page 31075, column 3, in the preamble, under the paragraph 
heading ``Explanation of Provisions'', first paragraph of the column, 
line 11, the language ``applies if a taxpayer that derives gross'' is 
corrected to read ``applies if a taxpayer derives gross''.
    4. On page 31076, column 1, in the preamble, under the paragraph 
heading ``Effective Date'', first paragraph of the column, line 4, the 
language ``regulations expires on or before May 25,'' is corrected to 
read ``regulations expires on or before May 22,''.
    5. On page 31077, column 2, in the signature block, the language 
``Mark E. Mathews,'' is corrected to read ``Mark E. Matthews,''.

Guy R. Traynor,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
 [FR Doc. E6-10248 Filed 6-28-06; 8:45 am]
BILLING CODE 4830-01-P