[Federal Register Volume 75, Number 164 (Wednesday, August 25, 2010)]
[Rules and Regulations]
[Page 52267]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: C1-2010-21046]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9495]
RIN 1545-BC61


Qualified Zone Academy Bonds; Obligations of States and Political 
Subdivisions; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to final regulations.

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SUMMARY: This document contains a correction to final regulations (TD 
9495) that were published in the Federal Register on Friday, July 30, 
2010 (75 FR 44901) providing guidance to State and local governments 
that issue qualified zone academy bonds and to banks, insurance 
companies, and other taxpayers that hold those bonds on the program 
requirements for qualified zone academy bonds.

DATES: This correction is effective on August 25, 2010, and is 
applicable on July 30, 2010.

FOR FURTHER INFORMATION CONTACT: Zoran Stojanovic, (202) 622-3980 (not 
a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The final regulations (TD 9495) that are the subject of this 
document are under section 1397E of the Internal Revenue Code.

Need for Correction

    As published, the final regulations (TD 9495) contain an error that 
may prove to be misleading and is in need of clarification.

Correction of Publication

0
Accordingly, the publication of the final regulations (TD 9495) which 
were the subject of FR Doc. 2010-18678, is corrected as follows:
0
On page 44903, column 1, in the preamble, under the paragraph heading 
``Effective/Applicability Dates'', lines 2 and 3 from the last 
paragraph of the column, the language ``Act, effective for QZABs that 
are sold on or after October 3, 2008, section 1397E'' is corrected to 
read ``Act, effective for QZABs that are sold after October 3, 2008, 
section 1397E''.

LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. C1-2010-21046 Filed 8-24-10; 8:45 am]
BILLING CODE 4830-01-P