[Federal Register Volume 76, Number 173 (Wednesday, September 7, 2011)]
[Proposed Rules]
[Pages 55321-55322]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-22734]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-137125-08]
RIN 1545-BI65


Certain Employee Remuneration in Excess of $1,000,000 Under 
Internal Revenue Code Section 162(m); Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to notice of proposed rulemaking.

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SUMMARY: This document contains a correction to a notice of proposed 
rulemaking (REG-137125-08) relating to the deduction limitation for 
certain employee remuneration in excess of $1,000,000 under the 
Internal Revenue Code. The document was published in the Federal 
Register on Friday, June 24, 2011 (76 FR 37034).

FOR FURTHER INFORMATION CONTACT: Concerning these proposed regulations, 
Ilya Enkishev at (202) 622-6030 (not a toll-free number).

SUPPLEMENTARY INFORMATION: 

Background

    The correction notice that is the subject of this document is under 
section 162 of the Internal Revenue Code.

Need for Correction

    As published, a notice of proposed rulemaking (REG-137125-08) 
contains

[[Page 55322]]

an error that may prove to be misleading and is in need of 
clarification.

Correction of Publication

    Accordingly, the publication of a notice of proposed rulemaking 
(REG-137125-08), which was the subject of FR Doc. 2011-15653, is 
corrected as follows:
    On page 37036, column 2, in the preamble, under the paragraph 
heading ``Proposed Effective/Applicability Date'', the language ``These 
regulations under section 162(m) are proposed to apply to taxable years 
ending on or after the date of publication of the Treasury decision 
adopting these rules as final regulation in the Federal Register.'' is 
removed and is replaced with the new language ``These proposed 
regulations will be effective upon publication in the Federal Register 
of a Treasury decision adopting these rules as final regulations.''.

LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel, (Procedure and Administration)
[FR Doc. 2011-22734 Filed 9-6-11; 8:45 am]
BILLING CODE 4830-01-P