<RULE>
DEPARTMENT OF THE TREASURY
<SUBAGY>Internal Revenue Service</SUBAGY>
<CFR>26 CFR Part 1</CFR>
<DEPDOC>[TD 9992]</DEPDOC>
<RIN>RIN 1545-BQ36</RIN>
<SUBJECT>Guidance on the Definition of Domestically Controlled Qualified Investment Entities; Correction</SUBJECT>
<HD SOURCE="HED">AGENCY:</HD>
Internal Revenue Service (IRS), Treasury.
<HD SOURCE="HED">ACTION:</HD>
Final rule; correcting amendment.
<SUM>
<HD SOURCE="HED">SUMMARY:</HD>
This document contains corrections to Treasury Decision 9992, which was published in the
<E T="04">Federal Register</E>
for Thursday, April 25, 2024. Treasury Decision 9992 issued final regulations that address the determination of whether a qualified investment entity is domestically controlled, including the treatment of qualified foreign pension funds for this purpose.
</SUM>
<EFFDATE>
<HD SOURCE="HED">DATES:</HD>
These corrections are effective on December 27, 2024 and for dates of applicability see §§ 1.897-1(a)(2) and 1.1445-2(e).
</EFFDATE>
<FURINF>
<HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD>
Concerning these final regulations, Milton Cahn at (202) 317-4934 (not a toll-free number).
</FURINF>
<SUPLINF>
<HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD>
<HD SOURCE="HD1">Background</HD>
The final regulations (TD 9992) that are the subject of this correction are under section 897 of the Code.
<HD SOURCE="HD1">Corrections to the Regulations</HD>
Accordingly, 26 CFR part 1 is corrected by making the following correcting amendment:
<LSTSUB>
<HD SOURCE="HED">List of Subjects in 26 CFR Part 1</HD>
Income taxes, Reporting and recordkeeping requirements.
</LSTSUB>
<REGTEXT TITLE="26" PART="1">
<E T="04">Paragraph 1.</E>
The authority citation for part 1 continues to read in part as follows:
<HD SOURCE="HED">Authority:</HD>
26 U.S.C. 7805 * * *
</REGTEXT>
<SECTION>
<SECTNO>§ 1.897-1</SECTNO>
<SUBJECT>[Amended]</SUBJECT>
</SECTION>
<REGTEXT TITLE="26" PART="1">
<E T="04">Par. 2.</E>
Section 1.897-1 is amended in paragraph (c)(3)(vi)(E) by removing the language “property interest, or” and adding the language “property interest or” in its place.
</REGTEXT>
<SIG>
<NAME>Oluwafunmilayo A. Taylor,</NAME>
Section Chief, Publications and Regulations Section, Associate Chief Counsel, (Procedure and Administration).
</SIG>
</SUPLINF>
<FRDOC>[FR Doc. 2024-30928 Filed 12-26-24; 8:45 am]</FRDOC>
</RULE>
This text is preserved for citation and comparison. View the official version for the authoritative text.