Allocation of Controlled Group Research Credit; Correction

Federal Register, Volume 80 Issue 80 (Monday, April 27, 2015)

Federal Register Volume 80, Number 80 (Monday, April 27, 2015)

Proposed Rules

Page 23244

From the Federal Register Online via the Government Publishing Office www.gpo.gov

FR Doc No: 2015-09605

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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

REG-133489-13

RIN 1545-BL76

Allocation of Controlled Group Research Credit; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice of proposed rulemaking by cross-reference to temporary and notice of public hearing; correction.

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SUMMARY: This document contains corrections to notice of proposed rulemaking by cross-reference to temporary and notice of public hearing (REG-133489-13) that were published in the Federal Register on Friday, April 3, 2015 (80 FR 18171). The notice of proposed rulemaking by cross-reference to temporary and notice of public hearing are relating to the allocation of the credit for increasing research activities (research credit) to corporations and trades or businesses under common control (controlled groups).

DATES: This correction is effective April 27, 2015 and applicable April 3, 2015.

FOR FURTHER INFORMATION CONTACT: James Holmes at (202) 317-4137 (not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

The notice of proposed rulemaking by cross-reference to temporary regulations and notice of public hearing (REG-133489-13) is the subjected to the correction under section 41 of the Internal Revenue Code.

Need for Correction

As published, the notice of proposed rulemaking by cross-reference to temporary regulations and notice of public hearing (REG-133489-13) contains an error that may prove to be misleading and are in need of clarification.

Correction of Publication

Accordingly, the notice of proposed rulemaking by cross-reference to temporary regulations and notice of public hearing (REG-133489-13) that is subject to FR Doc. 2015-07380, is corrected as follows:

1. On page 18171, in the preamble, second column, under the caption Background, fifth line from the bottom, the language ``Act'' is corrected to read ``American Taxpayer Relief Act of 2012, P L 112-240, H. R. 8 (the ``Act'')''.

Martin V. Franks,

Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration).

FR Doc. 2015-09605 Filed 4-24-15; 8:45 am

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