This PDF is the current document as it appeared on Public Inspection on 07/11/2012 at 08:45 am.
This document contains corrections to final regulations (TD 9590) that were published in the Federal Register on Wednesday, May 23, 2012 (77 FR 30377). The final regulations relate to the health insurance premium tax credit enacted by the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010.
This correction is effective on July 12, 2012 and is applicable May 23, 2012.
FOR FURTHER INFORMATION CONTACT:
Shareen S. Pflanz, (202) 622-4920 (not a toll free number).
The final regulations that are the subject of this document are under section 36B of the Internal Revenue Code.
Need for Correction
As published, the final regulations (TD 9590) contain errors that may prove to be misleading and are in need of clarification.
List of Subjects in 26 CFR Part 1
Correction of Publication
Accordingly, 26 CFR part 1 is corrected by making the following correcting amendments:
PART 1—INCOME TAXES
(g) * * *
(3) * * *
A's household income is 275 percent of the Federal Poverty line for A's family size for that taxable year. * * *
(b) * * *
(6) * * *
* * *
(ii) Because R's and S's premium tax credit of $3,484 exceeds their advance credit payments of $2,707, R and S are allowed an additional credit of $777. * * *
Federal Register Liaison, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2012-16986 Filed 7-11-12; 8:45 am]
BILLING CODE 4830-01-P