This PDF is the current document as it appeared on Public Inspection on 08/22/2016 at 08:45 am.
Internal Revenue Service (IRS), Treasury.
Final regulations; correction.
This document contains corrections to final regulations (TD 9777) that were published in the Federal Register on Monday, July 18, 2016 (81 FR 46582). The final regulations relate to the arbitrage restrictions under section 148 of the Internal Revenue Code applicable to tax-exempt bonds and other tax-advantaged bonds issued by State and local governments.
This correction is effective August 23, 2016 and applicable July 18, 2016.Start Further Info
FOR FURTHER INFORMATION CONTACT:
Spence Hanemann at (202) 317-6980 (not a toll-free number).End Further Info End Preamble Start Supplemental Information
The final regulations (TD 9777) that are the subject of this correction are under section 148 of the Internal Revenue Code.
Need for Correction
As published, the final regulation (TD 9777) contains errors that may prove to be misleading and are in need of clarification.
Correction of Publication
Accordingly, the final regulation (TD 9777), that is the subject of FR Doc. 2016-16558, are corrected as follows:Start Amendment Part
1. On page 46591, in the preamble, the second column, under the paragraph heading “ Applicability Dates”, a second paragraph is added after the last sentence to read as follows: “In addition, the amendments to § 1.148-3(j) in the Final Regulations apply to bonds subject to § 1.148-3(i). For this purpose, a bond is considered to be subject to § 1.148-3(i) if the issue of which the bond is a part is subject to the version of § 1.148-3(i) published in TD 8476 (58 FR 33510) or any subsequent version.”.End Amendment Part Start Amendment Part
2. On page 46591, in the preamble, the second column, under the paragraph heading “ Effect on Other Documents”, the first line, the language “As of July 18, 2016, Revenue” is corrected to read “As of October 17, 2016, Revenue”.End Amendment Part Start Signature
Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, (Procedure and Administration).
[FR Doc. 2016-20086 Filed 8-22-16; 8:45 am]
BILLING CODE 4830-01-P