New Markets Tax Credit Non-Real Estate Investments:

Federal Register Volume 76, Number 129 (Wednesday, July 6, 2011)

Proposed Rules

Page 39343

From the Federal Register Online via the Government Printing Office [www.gpo.gov]

FR Doc No: 2011-16825

DEPARTMENT OF THE TREASURY

Internal Revenue Service 26 CFR Part 1

REG-101826-11

RIN 1545-BK04

New Markets Tax Credit Non-Real Estate Investments; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to a notice of proposed rulemaking.

SUMMARY: This document contains corrections to a notice of proposed rulemaking (REG-101826-11) that was published in the Federal Register on Tuesday, June 7, 2011 (76 FR 32882) modifying the new markets tax credit program to facilitate and encourage investments in non-real estate businesses in low-income communities.

FOR FURTHER INFORMATION CONTACT: Julie Hanlon-Bolton, (202) 622-3040

(not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

The correction notice that is the subject of this document is under section 45D of the Internal Revenue Code.

Need for Correction

As published, a notice of proposed rulemaking (REG-101826-11) contains errors that may prove to be misleading and are in need of clarification.

Correction of Publication

Accordingly, the publication of the notice of proposed rulemaking

(REG-101826-11), which was the subject of FR Doc. 2011-13978, is corrected as follows: 1. On page 32883, column 2, in the preamble, under the paragraph heading ``General Overview'', second paragraph of the column, fourth line, the language ``nonprofit corporation) or partnership if'' is corrected to read ``nonprofit corporation) or partnership, if''. 2. On page 32883, column 3, in the preamble, under the paragraph heading ``Explanation of Provisions'', first paragraph of the column, second line, the language ``amortizing loans) re-invest those'' is corrected to read ``amortizing loans) reinvest those''.

LaNita Van Dyke,

Chief, Publications and Regulations Branch, Legal Processing Division,

Associate Chief Counsel (Procedure and Administration).

FR Doc. 2011-16825 Filed 7-5-11; 8:45 am

BILLING CODE 4830-01-P