[Federal Register Volume 87, Number 218 (Monday, November 14, 2022)]
[Rules and Regulations]
[Pages 68048-68049]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-24634]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9967]
RIN 1545-BO92


Section 42, Low-Income Housing Credit Average Income Test 
Regulations; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Final and temporary regulations; correction.

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SUMMARY: This document contains corrections to the final regulations 
(Treasury Decision 9967) published in the Federal Register on 
Wednesday, October 12, 2022. This correction includes final and 
temporary regulations setting forth guidance on the average income test 
for purposes of the low-income housing credit.

[[Page 68049]]


DATES: These corrections are effective on November 14, 2022 and 
applicable on or after October 12, 2022.

FOR FURTHER INFORMATION CONTACT: Concerning the regulations, Dillon 
Taylor at (202) 317-4137.

SUPPLEMENTARY INFORMATION:

Background

    The final regulations (TD 9967) subject to this correction are 
issued under section 42 of the Internal Revenue Code.

Correction of Publication

    Accordingly, the final regulations (TD 9967) that are the subject 
of FR Doc. 2022-22070, appearing on page 61489 in the Federal Register 
on October 12, 2022, are corrected to read as follows:
    1. On page 61489, in the third column, in the thirteenth line from 
the top of the column, the language ``142(d)(6))'' is corrected to read 
``142(d)(6)''.
    2. On page 61490, in the third column, in the fourth and fifth 
lines from the bottom of the column, the language ``market rate'' is 
corrected to read ``market-rate''.
    3. On page 61492, in the first column, the last line from the 
bottom of the column, the language ``IRS'' is corrected to read ``the 
IRS''.
    4. On page 61492, in the third column, in the last paragraph, the 
seventh line from the top of the paragraph, the language ``appliable'' 
is corrected to read ``applicable''.
    5. On page 61494, in the second column, in the last paragraph, the 
twelfth line from the bottom, the language ``42(c)(1)(c)(i)'' is 
corrected to read ``42(c)(1)(i)(C)''.
    6. On page 61495, in the third column, in the first full paragraph, 
in the third line, the language ``proposal rule'' is corrected to read 
``proposed rule''.
    7. On page 61497, in the third column, in the third full paragraph, 
in the tenth line from the top of the paragraph, the language ``makes'' 
is corrected to read ``make''.
    8. On page 61498, in the second column, in the first full 
paragraph, in the second and ninth lines from the top of the paragraph, 
the language ``IRS'' is corrected to read ``the IRS''.
    9. On page 61500, in the second column, under the caption ``III. 
Regulatory Flexibility Act'', in the first full paragraph, in the tenth 
line from the bottom of the paragraph, the language ``test)'' is 
corrected to read ``test''.
    10. On page 61500, in the second column, under the caption ``III. 
Regulatory Flexibility Act'', in the second full paragraph, the third 
line from the bottom of the paragraph, the language ``(v)'' is 
corrected to read ``(vi)''.

Oluwafunmilayo A. Taylor,
Branch Chief, Legal Processing Division, Associate Chief Counsel, 
(Procedure and Administration).
[FR Doc. 2022-24634 Filed 11-10-22; 8:45 am]
BILLING CODE 4830-01-P