[Federal Register Volume 86, Number 59 (Tuesday, March 30, 2021)]
[Rules and Regulations]
[Page 16530]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-05156]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9944]
RIN 1545-BP42


Credit for Carbon Oxide Sequestration; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Final rule; correction.

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SUMMARY: This document contains corrections to the final regulations 
(Treasury Decision 9944) that were published in the Federal Register on 
Friday, January 15, 2021. The final regulations provide guidance of the 
Internal Revenue Code.

DATES: These corrections are effective on March 30, 2021 and are 
applicable on January 15, 2021.

FOR FURTHER INFORMATION CONTACT: Maggie Stehn at (202) 317-6853 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The final regulations (TD 9944) that are the subject of this 
correction are issued under section 45Q of the Internal Revenue Code.

Need for Correction

    As published on January 15, 2021, the final regulations (TD 9944) 
contain errors that needs to be corrected.

Correction of Publication

0
Accordingly, the final regulations (TD 9944), that are the subject of 
FR Doc. 2021-00302, published on January 15, 2021 (86 FR 4728), are 
corrected to read as follows:
    1. On page 4731, the third column, the third through fifth lines of 
the first paragraph, the language ``have existing contracts that were 
signed before the date these final regulations are published in the 
Federal Register'' is corrected to read ``have existing contracts that 
were entered into before January 13, 2021,''.
    2. On page 4738, the first column, the eighteenth line from the top 
of the of the first full paragraph, the language ``began. Factors 
indicating that multiple'' is corrected to read ``began. Commenters 
suggested that the final regulations provide that factors indicating 
that multiple''.
    3. On page 4738, the first column, the twenty-first line from the 
top of the of the first full paragraph, the language ``of a single 
project include, but are not'' is corrected to read ``of a single 
project should include, but should not be''.
    4. On page 4742, the second column through the third column, the 
last partial sentence of the block quote, delete the language ``A 
commenter requested the definition of tertiary injectant in Sec.  
1.45Q-2(h)(6) of the''.
    5. On page 4742, the third column, the first line from the top of 
the column, the language ``proposed regulations be revised because'' is 
corrected to read ``A commentator requested the definition or tertiary 
injectant in Sec.  1.45Q-2(h)(6) of the proposed regulations be revised 
because ''.
    6. On page 4745, the first column, the seventh through tenth lines 
of the last full paragraph, the language ``14040:2006 and ISO 
14044:2006. In addition, Taxpayers must use the NETL's CO2 Utilization 
Guidance Toolkit, including the guidance and'' is corrected to read 
``14040:2006 and ISO 14044:2006.''.
    7. On page 4745, the second column, lines one and two from the top 
of the column, delete the language ``data available on DOE's website at 
https://www.netl.doe.gov/LCA/CO2U.''.
    8. On page 4759, the third column, the twenty-ninth through thirty-
first lines from the top of the column, the language ``Treasury 
decision will take effect on the date of filing for public inspection 
in the Federal Register.'' is corrected to read ``Treasury decision 
will take effect on January 13, 2021''.

Crystal Pemberton,
Senior Federal Register Liaison, Publications and Regulations Branch, 
Legal Processing Division, Associate Chief Counsel, (Procedure and 
Administration).
[FR Doc. 2021-05156 Filed 3-29-21; 8:45 am]
BILLING CODE 4830-01-P