[Federal Register Volume 88, Number 243 (Wednesday, December 20, 2023)]
[Rules and Regulations]
[Page 87903]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-27933]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9979]
RIN 1545-BQ81


Additional Guidance on Low-Income Communities Bonus Credit 
Program; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Final rule; correction and correcting amendments.

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SUMMARY: This document contains corrections to Treasury Decision 9979, 
which was published in the Federal Register for Tuesday, August 15, 
2023. Treasury Decision 9979 issued final regulations relating to the 
application of the low-income communities bonus credit program for the 
energy investment credit established pursuant to the Inflation 
Reduction Act of 2022.

DATES: These corrections are effective on December 20, 2023, and 
applicable on August 15, 2023.

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

SUPPLEMENTARY INFORMATION:

Background

    The final regulations (TD 9979) that are the subject of this 
correction are under section 48(e) of the Code.

Corrections to Publication

    Accordingly, the final regulations (TD 9979) that are the subject 
of FR Doc. 2023-17078, appearing on page 55506 in the Federal Register 
published on August 15, 2023, are corrected as follows:
    1. On page 55519, in the third column, the heading ``VII. Annual 
Capacity Limitation'' is corrected to read ``VII. Annual Capacity 
Limitation''.
    2. On page 55522, in the first column, second full paragraph, the 
last line is corrected to read, ``applicants in Category 4.''.

List of Subjects in 26 CFR Part 1

    Income taxes, Reporting and recordkeeping requirements.

Corrections to the Regulations

    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 1.48(e)-1 is amended:
0
a. In the first sentence of paragraph (h)(1) by removing the language 
``paragraph (b)'' and adding the language ``paragraph (b)(2)'' in its 
place.
0
b. By revising the heading for paragraph (h)(2)(ii)(B).
    The revision reads as follows:


Sec.  1.48(e)-1  Low-Income Communities Bonus Credit Program.

* * * * *
    (h) * * *
    (2) * * *
    (ii) * * *
    (B) Partnership. * * *
* * * * *

Oluwafunmilayo A. Taylor,
Section Chief, Publications & Regulations Section, Associate Chief 
Counsel, (Procedure and Administration).
[FR Doc. 2023-27933 Filed 12-19-23; 8:45 am]
BILLING CODE 4830-01-P