DEPARTMENT OF THE TREASURY
<SUBAGY>Internal Revenue Service</SUBAGY>
<CFR>26 CFR Part 1</CFR>
<DEPDOC>[REG-133850-13]</DEPDOC>
<RIN>RIN 1545-BN93</RIN>
<SUBJECT>Interest Capitalization Requirements for Improvements to Designated Property; Correction</SUBJECT>
<HD SOURCE="HED">AGENCY:</HD>
Internal Revenue Service (IRS), Treasury.
<HD SOURCE="HED">ACTION:</HD>
Notice of proposed rulemaking; correction.
<SUM>
<HD SOURCE="HED">SUMMARY:</HD>
This document corrects a notice of proposed rulemaking (REG-133850-13) published in the
<E T="04">Federal Register</E>
on May 15, 2024, containing proposed regulations that would remove the associated property rule and similar rules from the existing regulations on the interest capitalization requirements for improvements to designated property.
</SUM>
<EFFDATE>
<HD SOURCE="HED">DATES:</HD>
Written or electronic comments were to be received by July 15, 2024.
</EFFDATE>
<HD SOURCE="HED">ADDRESSES:</HD>
Commenters were strongly encouraged to submit public comments electronically.
<FURINF>
<HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
Concerning the proposed regulations, contact Livia Piccolo of the Office of Associate Chief Counsel (Income Tax and Accounting), at (202) 317-7007 (not a toll-free number); concerning submissions of comments or the public hearing, Vivian Hayes, (202) 317-6901 (not toll-free number) or by email to
<E T="03">publichearings@irs.gov</E>
(preferred).
</FURINF>
<SUPLINF>
<HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
<HD SOURCE="HD1">Background</HD>
The notice of proposed rulemaking (REG-133850-13) that is the subject of this correction is under section 263A of the Code.
<HD SOURCE="HD1">Correction of Publication</HD>
Accordingly, the notice of proposed rulemaking (REG-133850-13) that is the subject of FR Doc. 2024-10579, published on May 15, 2024, is corrected on page 42405, in the third column, by correcting the third line from the bottom of the column to read, “amendments to § 1.263A-11(e) to”.
<SIG>
<NAME>Oluwafunmilayo A. Taylor,</NAME>
Section Chief, Publications and Regulations Section, Associate Chief Counsel, (Procedure and Administration).
</SIG>
</SUPLINF>
<FRDOC>[FR Doc. 2024-16214 Filed 7-23-24; 8:45 am]</FRDOC>
This text is preserved for citation and comparison. View the official version for the authoritative text.