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Home » 2017 Issues » 82 FR (08/14/2017) » 2017-17135. Arbitrage Guidance for Tax-Exempt Bonds; Correction

  2017-17135. Arbitrage Guidance for Tax-Exempt Bonds; Correction  

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    AGENCY:

    Internal Revenue Service (IRS), Treasury.

    ACTION:

    Correcting amendment.

    SUMMARY:

    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.

    DATES:

    This correction is effective August 14, 2017 and applicable July 18, 2016.

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    FOR FURTHER INFORMATION CONTACT:

    Spence Hanemann at (202) 317-6980 (not a toll-free number).

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    SUPPLEMENTARY INFORMATION:

    Background

    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
    End List of Subjects

    Correction of Publication

    Accordingly, 26 CFR part 1 is amended by making the following correcting amendment:

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    PART 1—INCOME TAXES

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    Paragraph 1. The authority citation for part 1 continues to read in part as follows:

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    Authority: 26 U.S.C. 7805 * * *

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    [Amended]
    Start 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) .

    End Signature End Supplemental Information

    [FR Doc. 2017-17135 Filed 8-11-17; 8:45 am]

    BILLING CODE 4830-01-P

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Document Information

Effective Date:
8/14/2017
Published:
08/14/2017
Department:
Internal Revenue Service
Entry Type:
Rule
Action:
Correcting amendment.
Document Number:
2017-17135
Dates:
This correction is effective August 14, 2017 and applicable July 18, 2016.
Pages:
37817-37817 (1 pages)
Docket Numbers:
TD 9777
RINs:
1545-BG41: Arbitrage Guidance for Tax-Exempt Bonds, 1545-BH38: Guidance on Arbitrage II
RIN Links:
https://www.federalregister.gov/regulations/1545-BG41/arbitrage-guidance-for-tax-exempt-bonds, https://www.federalregister.gov/regulations/1545-BH38/guidance-on-arbitrage-ii
Topics:
Income taxes, Reporting and recordkeeping requirements
PDF File:
2017-17135.pdf
Supporting Documents:
» Annual Information Return/Reports
» Income Taxes; CFR Correction
» Income Taxes; CFR Correction
» Income Taxes; CFR Correction
» Income Taxes; CFR Correction
» Income Taxes; CFR Correction
» Income Taxes; CFR Correction
» Annual Information Return/Reports
» Taxable Year of Income Inclusion Under an Accrual Method of Accounting and Advance Payments for Goods, Services, and Other Items
» Base Erosion and Anti-Abuse Tax; Correcting Amendment
CFR: (1)
26 CFR 1.148-11