This PDF is the current document as it appeared on Public Inspection on 08/11/2017 at 08:45 am.
Internal Revenue Service (IRS), Treasury.
This document contains a correction 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 14, 2017 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 regulations (TD 9777) contain an error that may prove to be misleading and are in need of clarification.Start List of Subjects
List of Subjects in 26 CFR Part 1
- Income taxes
- Reporting and recordkeeping requirements
Correction of Publication
Accordingly, 26 CFR part 1 is amended by making the following correcting amendment:Start Part
PART 1—INCOME TAXESEnd Part Start Amendment Part
Paragraph 1. The authority citation for part 1 continues to read in part as follows:End Amendment Part
Par. 2. Amend § 1.148-11(k)(1) by adding “1.148-6(d)(3)(iii)(A);” before “1.148-6(d)(4)”.End Amendment Part Start Signature
Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration) .
[FR Doc. 2017-17135 Filed 8-11-17; 8:45 am]
BILLING CODE 4830-01-P