Proposed Rules. Correction to a notice of proposed rulemaking

Agency: Internal Revenue Service (IRS), Treasury
Action: Correction to a notice of proposed rulemaking
Citation: FR Doc. 2023-07987 · RIN 1545-BQ54 · REG-120653-22 · 26 CFR 1

Summary

This document contains corrections to a notice of proposed rulemaking (REG-120653-22) that was published in the Federal Register on Thursday, March 23, 2023. The proposed rulemaking published in March contains proposed regulations to implement the advanced manufacturing investment credit established by the CHIPS Act of 2022 to incentivize the manufacture of semiconductors and semiconductor manufacturing equipment within the United States.

Dates

Written or electronic comments and requests for a public hearing are still being accepted and must be received by May 22, 2023.

Supplementary Information

Background The notice of proposed rulemaking that is the subject of this document is under section 48D of the Internal Revenue Code. Need for Correction As published, the notice of proposed rulemaking (REG-120653-22) contains errors that need to be corrected. Correction of Publication Accordingly, the notice of proposed rulemaking (REG-120653-22), which was the subject of FR Doc. 2023-05871, published March 23, 2023, at 88 FR 17451, is corrected as follows: 1. On page 17455, in the third column, first partial paragraph, line 19 from the bottom of the paragraph, the language “of concern, and” should be corrected to read “of concern; and”. 2. On page 17455, in the third column, the heading “IV. Applicability Date” is corrected to read as “VII. Applicability Date”. § 1.48D-0 [Corrected] 3. On page 17457, in the first column, the entry for § 1.48D-4(c)(3)(i) is corrected to read “ Example 1: Primary purpose. ”. 4. On page 17457, in the second column, the entry for § 1.48D-4(c)(3)(ii) is corrected to read “ Example 2: Primary purpose. ”. § 1.48D-2 [Corrected] 5. On page 17458, in the first column, the third line of paragraph (c), the language “the the basis of the qualified property” is corrected to read “the basis of the qualified property”. § 1.48D-4 [Corrected] 6. On page 17460, in the third column, the heading for paragraph (c)(3)(i) is corrected to read “ Example 1: Primary purpose. ”. 7. On page 17461, in the first column, the heading of paragraph (c)(3)(ii) is corrected to read as “ Example 2: Primary purpose. ”. § 1.48D-6 [Corrected] 8. On page 17464, in the second column, paragraph (d)(3)(i), the sixth line, the language “48D(d)(2)(A)(I)(i)” is corrected to read “48D(d)(2)(A)(i)(I)”. Oluwafunmilayo A. Taylor, Branch Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration). [FR Doc. 2023-07987 Filed 4-14-23; 8:45 am]