[Federal Register Volume 89, Number 142 (Wednesday, July 24, 2024)]
[Proposed Rules]
[Page 59864]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-16214]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-133850-13]
RIN 1545-BN93


Interest Capitalization Requirements for Improvements to 
Designated Property; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice of proposed rulemaking; correction.

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SUMMARY: This document corrects a notice of proposed rulemaking (REG-
133850-13) published in the Federal Register on May 15, 2024, 
containing proposed regulations that would remove the associated 
property rule and similar rules from the existing regulations on the 
interest capitalization requirements for improvements to designated 
property.

DATES: Written or electronic comments were to be received by July 15, 
2024.

ADDRESSES: Commenters were strongly encouraged to submit public 
comments electronically.

FOR FURTHER INFORMATION CONTACT: Concerning the proposed regulations, 
contact Livia Piccolo of the Office of Associate Chief Counsel (Income 
Tax and Accounting), at (202) 317-7007 (not a toll-free number); 
concerning submissions of comments or the public hearing, Vivian Hayes, 
(202) 317-6901 (not toll-free number) or by email to 
[email protected] (preferred).

SUPPLEMENTARY INFORMATION:

Background

    The notice of proposed rulemaking (REG-133850-13) that is the 
subject of this correction is under section 263A of the Code.

Correction of Publication

    Accordingly, the notice of proposed rulemaking (REG-133850-13) that 
is the subject of FR Doc. 2024-10579, published on May 15, 2024, is 
corrected on page 42405, in the third column, by correcting the third 
line from the bottom of the column to read, ``amendments to Sec.  
1.263A-11(e) to''.

Oluwafunmilayo A. Taylor,
Section Chief, Publications and Regulations Section, Associate Chief 
Counsel, (Procedure and Administration).
[FR Doc. 2024-16214 Filed 7-23-24; 8:45 am]
BILLING CODE 4830-01-P