[Federal Register Volume 76, Number 129 (Wednesday, July 6, 2011)]
[Proposed Rules]
[Page 39343]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-16825]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-101826-11]
RIN 1545-BK04


New Markets Tax Credit Non-Real Estate Investments; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to a notice of proposed rulemaking.

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SUMMARY: This document contains corrections to a notice of proposed 
rulemaking (REG-101826-11) that was published in the Federal Register 
on Tuesday, June 7, 2011 (76 FR 32882) modifying the new markets tax 
credit program to facilitate and encourage investments in non-real 
estate businesses in low-income communities.

FOR FURTHER INFORMATION CONTACT: Julie Hanlon-Bolton, (202) 622-3040 
(not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The correction notice that is the subject of this document is under 
section 45D of the Internal Revenue Code.

Need for Correction

    As published, a notice of proposed rulemaking (REG-101826-11) 
contains errors that may prove to be misleading and are in need of 
clarification.

Correction of Publication

    Accordingly, the publication of the notice of proposed rulemaking 
(REG-101826-11), which was the subject of FR Doc. 2011-13978, is 
corrected as follows:
    1. On page 32883, column 2, in the preamble, under the paragraph 
heading ``General Overview'', second paragraph of the column, fourth 
line, the language ``nonprofit corporation) or partnership if'' is 
corrected to read ``nonprofit corporation) or partnership, if''.
    2. On page 32883, column 3, in the preamble, under the paragraph 
heading ``Explanation of Provisions'', first paragraph of the column, 
second line, the language ``amortizing loans) re-invest those'' is 
corrected to read ``amortizing loans) reinvest those''.

LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2011-16825 Filed 7-5-11; 8:45 am]
BILLING CODE 4830-01-P