United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2016_register executive 2016-03-03 article Rules and Regulations D09002ee1c7f67c5b D09002ee1c7f67cd8 United States Department of the Treasury originator org United States Government Agency or Subagency United States Internal Revenue Service originator org United States Government Agency or Subagency This document contains final and temporary regulations that amend the utility allowance regulations concerning the low-income housing credit. The final regulations clarify the circumstances in which utility costs paid by a tenant based on actual consumption in a submetered rent-restricted unit are treated as paid by the tenant directly to the utility company. The temporary regulations extend the principles of these submetering rules to situations in which a building owner sells to tenants energy that is produced from a renewable source and that is not delivered by a local utility company. The final and temporary regulations affect owners of low-income housing projects that claim the credit, the tenants in those low-income housing projects, and State and local housing credit agencies. The text of these temporary regulations also serves as the text of the proposed regulations (REG- 123867-14) set forth in the notice of proposed rulemaking on this subject in the Proposed Rules section of this issue of the Federal Register. 81 FR 11104 https://www.govinfo.gov/app/details/FR-2016-03-03/2016-04606 2016-04606 fr03mr16-4 RIN 1545-BI91 4830-01-P TD 9755 https://www.govinfo.gov/app/details/FR-2016-03-03/2016-04606 https://www.govinfo.gov/content/pkg/FR-2016-03-03/html/2016-04606.htm https://www.govinfo.gov/content/pkg/FR-2016-03-03/pdf/2016-04606.pdf Income Taxes Reporting and Recordkeeping Requirements 7 p. 11104 11110 81 FR 11104 Title 26 Part 1 26 CFR Part 1 RIN 1545-BI91 Utility Allowances Submetering; Federal Register Vol. 81, Issue RULE 2016-04606 DEPARTMENT OF THE TREASURY Internal Revenue Service 2016-03-03 TD 9755 4830-01-P 2016-04606 Final and temporary regulations.

This document contains final and temporary regulations that amend the utility allowance regulations concerning the low-income housing credit. The final regulations clarify the circumstances in which utility costs paid by a tenant based on actual consumption in a submetered rent-restricted unit are treated as paid by the tenant directly to the utility company. The temporary regulations extend the principles of these submetering rules to situations in which a building owner sells to tenants energy that is produced from a renewable source and that is not delivered by a local utility company. The final and temporary regulations affect owners of low-income housing projects that claim the credit, the tenants in those low-income housing projects, and State and local housing credit agencies. The text of these temporary regulations also serves as the text of the proposed regulations (REG- 123867-14) set forth in the notice of proposed rulemaking on this subject in the Proposed Rules section of this issue of the Federal Register.

Effective Date: These regulations are effective on March 3, 2016. James Rider (202) 317-4137 (not a toll-free number). Income Taxes Reporting and Recordkeeping Requirements Utility Allowances Submetering , http://www.irs.gov Vol. 81, no. 42 Office of the Federal Register, National Archives and Records Administration 2016-03-03 continuing daily deposited born digital 324 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2016-03-03 P0b002ee18ed442ee 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr03mr16 https://www.govinfo.gov/app/details/FR-2016-03-03 https://www.govinfo.gov/content/pkg/FR-2016-03-03/pdf/FR-2016-03-03.pdf https://www.govinfo.gov/content/pkg/FR-2016-03-03/xml/FR-2016-03-03.xml fdlp 11091 11405 DGPO 2016-03-03 2024-06-02 FR-2016-03-03 machine generated eng FR FR-2016-03-03 81 42