[Federal Register Volume 77, Number 134 (Thursday, July 12, 2012)]
[Rules and Regulations]
[Page 41048]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-16986]



[[Page 41048]]

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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9590]
RIN 1545-BJ82


Health Insurance Premium Tax Credit; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correcting amendment.

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SUMMARY: This document contains corrections to final regulations (TD 
9590) that were published in the Federal Register on Wednesday, May 23, 
2012 (77 FR 30377). The final regulations relate to the health 
insurance premium tax credit enacted by the Patient Protection and 
Affordable Care Act and the Health Care and Education Reconciliation 
Act of 2010.

DATES: This correction is effective on July 12, 2012 and is applicable 
May 23, 2012.

FOR FURTHER INFORMATION CONTACT: Shareen S. Pflanz, (202) 622-4920 (not 
a toll free number).

SUPPLEMENTARY INFORMATION:

Background

    The final regulations that are the subject of this document are 
under section 36B of the Internal Revenue Code.

Need for Correction

    As published, the final regulations (TD 9590) contain errors that 
may prove to be misleading and are in need of clarification.

List of Subjects in 26 CFR Part 1

    Income taxes, Reporting and recordkeeping requirements.

Correction of Publication

    Accordingly, 26 CFR part 1 is corrected by making the following 
correcting amendments:

PART 1--INCOME TAXES

0
Paragraph 1. The authority citation for part 1 continues to read in 
part as follows:

    Authority: 26 U.S.C. 7805 * * *


0
Par. 2. Section 1.36B-3(g)(3) is amended by revising the first sentence 
of Example 1 to read as follows:


Sec.  1.36B-3  Computing the premium assistance credit amount.

* * * * *
    (g) * * *
    (3) * * *

    Example 1. A's household income is 275 percent of the Federal 
Poverty line for A's family size for that taxable year. * * *
* * * * *

0
Par. 3. Section 1.36B-4(b)(6) is amended by revising the first sentence 
of Example 5. (ii) to read as follows:


Sec.  1.36B-4  Reconciling the premium tax credit with advance credit 
payments.

* * * * *
    (b) * * *
    (6) * * *
    Example 5 * * *
    (ii) Because R's and S's premium tax credit of $3,484 exceeds 
their advance credit payments of $2,707, R and S are allowed an 
additional credit of $777. * * *
* * * * *

Diane Williams,
Federal Register Liaison, Publications and Regulations Branch, Legal 
Processing Division, Associate Chief Counsel (Procedure and 
Administration).
[FR Doc. 2012-16986 Filed 7-11-12; 8:45 am]
BILLING CODE 4830-01-P