[Federal Register Volume 88, Number 73 (Monday, April 17, 2023)]
[Proposed Rules]
[Pages 23369-23370]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-07987]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-120653-22]
RIN 1545-BQ54


Advanced Manufacturing Investment Credit; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to a notice of proposed rulemaking.

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SUMMARY: This document contains corrections to a notice of proposed 
rulemaking (REG-120653-22) that was published in the Federal Register 
on Thursday, March 23, 2023. The proposed rulemaking published in March 
contains proposed regulations to implement the advanced manufacturing 
investment credit established by the CHIPS Act of 2022 to incentivize 
the manufacture of semiconductors and semiconductor manufacturing 
equipment within the United States.

DATES: Written or electronic comments and requests for a public hearing 
are still being accepted and must be received by May 22, 2023.

ADDRESSES: Commenters are strongly encouraged to submit public comments 
electronically. Submit electronic submissions via the Federal 
eRulemaking Portal at www.regulations.gov (indicate IRS and REG-120653-
22) by following the online instructions for submitting comments. Once 
submitted to the Federal eRulemaking Portal, comments cannot be edited 
or withdrawn. The Department of the Treasury (Treasury Department) and 
the IRS will publish for public availability any comment submitted 
electronically and on paper, to its public docket. Send paper 
submissions to: CC:PA:LPD:PR (REG-120653-22), Room 5203, Internal 
Revenue Service, P.O. Box 7604, Ben Franklin Station, Washington, DC 
20044.

FOR FURTHER INFORMATION CONTACT: Concerning the proposed regulations, 
Jason P. Deirmenjian of the Office of Associate Chief Counsel 
(Passthroughs and Special Industries), (202) 317-4137 (not a toll-free 
number); concerning submissions of comments and requests for a public 
hearing, call Vivian Hayes (202) 317-5306 (not a toll-free number) or 
by email to [email protected] (preferred).

SUPPLEMENTARY INFORMATION: 

Background

    The notice of proposed rulemaking that is the subject of this 
document is under section 48D of the Internal Revenue Code.

Need for Correction

    As published, the notice of proposed rulemaking (REG-120653-22) 
contains errors that need to be corrected.

Correction of Publication

    Accordingly, the notice of proposed rulemaking (REG-120653-22), 
which was the subject of FR Doc. 2023-05871, published March 23, 2023, 
at 88 FR 17451, is corrected as follows:
    1. On page 17455, in the third column, first partial paragraph, 
line 19 from the bottom of the paragraph, the language ``of concern, 
and'' should be corrected to read ``of concern; and''.
    2. On page 17455, in the third column, the heading ``IV. 
Applicability Date'' is corrected to read as ``VII. Applicability 
Date''.


Sec.  1.48D-0  [Corrected]

    3. On page 17457, in the first column, the entry for Sec.  1.48D-
4(c)(3)(i) is corrected to read ``Example 1: Primary purpose.''.
    4. On page 17457, in the second column, the entry for Sec.  1.48D-
4(c)(3)(ii) is corrected to read ``Example 2: Primary purpose.''.


Sec.  1.48D-2  [Corrected]

    5. On page 17458, in the first column, the third line of paragraph 
(c), the language ``the the basis of the qualified

[[Page 23370]]

property'' is corrected to read ``the basis of the qualified 
property''.


Sec.  1.48D-4  [Corrected]

    6. On page 17460, in the third column, the heading for paragraph 
(c)(3)(i) is corrected to read ``Example 1: Primary purpose.''.
    7. On page 17461, in the first column, the heading of paragraph 
(c)(3)(ii) is corrected to read as ``Example 2: Primary purpose.''.


Sec.  1.48D-6  [Corrected]

    8. On page 17464, in the second column, paragraph (d)(3)(i), the 
sixth line, the language ``48D(d)(2)(A)(I)(i)'' is corrected to read 
``48D(d)(2)(A)(i)(I)''.

Oluwafunmilayo A. Taylor,
Branch Chief, Publications and Regulations Branch, Legal Processing 
Division, Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2023-07987 Filed 4-14-23; 8:45 am]
BILLING CODE 4830-01-P