Rules and Regulations. Correcting amendments

Agency: Internal Revenue Service (IRS), Treasury
Action: Correcting amendments
Citation: FR Doc. 2022-26073 · RIN 1545-BO92 · TD 9967 · 26 CFR 1

Summary

This document contains a correction to the final regulations (Treasury Decision 9967) published in the Federal Register on Wednesday, October 12, 2022. This correction includes final and temporary regulations setting forth guidance on the average income test for purposes of the low-income housing credit.

Dates

These corrections are effective on November 30, 2022 and applicable on or after October 12, 2022.

Supplementary Information

Background The final regulations (TD 9967) subject to this correction are issued under section 42 of the Internal Revenue Code. List of Subjects in 26 CFR Part 1 Income taxes, Reporting and recordkeeping requirements. Correction of Publication Accordingly, 26 CFR part 1 is corrected by making the following correcting amendment: PART 1—INCOME TAXES Paragraph 1. The authority citation for part 1 continues to read in part as follows: Authority: 26 U.S.C. 7805 * * * Par. 2. Section 1.42-19 is amended by revising table 2 to paragraph (e)(3)(i) to read as follows: § 1.42-19 Average income test. (e) * * * (3) * * * (i) * * * BILLING CODE 4830-01-P ER30NO22.005 Oluwafunmilayo A. Taylor, Branch Chief, Legal Processing Division, Associate Chief Counsel, (Procedure and Administration). [FR Doc. 2022-26073 Filed 11-29-22; 8:45 am]