[Federal Register Volume 80, Number 80 (Monday, April 27, 2015)]
[Proposed Rules]
[Page 23244]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-09605]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-133489-13]
RIN 1545-BL76


Allocation of Controlled Group Research Credit; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice of proposed rulemaking by cross-reference to temporary 
and notice of public hearing; correction.

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SUMMARY: This document contains corrections to notice of proposed 
rulemaking by cross-reference to temporary and notice of public hearing 
(REG-133489-13) that were published in the Federal Register on Friday, 
April 3, 2015 (80 FR 18171). The notice of proposed rulemaking by 
cross-reference to temporary and notice of public hearing are relating 
to the allocation of the credit for increasing research activities 
(research credit) to corporations and trades or businesses under common 
control (controlled groups).

DATES: This correction is effective April 27, 2015 and applicable April 
3, 2015.

FOR FURTHER INFORMATION CONTACT: James Holmes at (202) 317-4137 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION: 

Background

    The notice of proposed rulemaking by cross-reference to temporary 
regulations and notice of public hearing (REG-133489-13) is the 
subjected to the correction under section 41 of the Internal Revenue 
Code.

Need for Correction

    As published, the notice of proposed rulemaking by cross-reference 
to temporary regulations and notice of public hearing (REG-133489-13) 
contains an error that may prove to be misleading and are in need of 
clarification.

Correction of Publication

    Accordingly, the notice of proposed rulemaking by cross-reference 
to temporary regulations and notice of public hearing (REG-133489-13) 
that is subject to FR Doc. 2015-07380, is corrected as follows:
    1. On page 18171, in the preamble, second column, under the caption 
Background, fifth line from the bottom, the language ``Act'' is 
corrected to read ``American Taxpayer Relief Act of 2012, P L 112-240, 
H. R. 8 (the ``Act'')''.

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2015-09605 Filed 4-24-15; 8:45 am]
 BILLING CODE 4830-01-P