General Allocation and Accounting Regulations Under Section 141; Remedial Actions for Tax-Exempt Bonds; Correction, 74678 [2015-30321]
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74678
Federal Register / Vol. 80, No. 229 / Monday, November 30, 2015 / Rules and Regulations
FOR FURTHER INFORMATION CONTACT:
DEPARTMENT OF THE TREASURY
Johanna Som de Cerff or Zoran
Stojanovic at (202) 317–6980 (not a tollfree number).
Internal Revenue Service
SUPPLEMENTARY INFORMATION:
26 CFR Part 1
[TD 9741]
Background
RIN 1545–BB23; 1545–BC07; 1545–BH48
The final regulations (TD 9741) that
are the subject of this correction are
under section 141 of the Internal
Revenue Code.
General Allocation and Accounting
Regulations Under Section 141;
Remedial Actions for Tax-Exempt
Bonds; Correction
Need for Correction
Internal Revenue Service (IRS),
Treasury.
ACTION: Final regulations; correction.
AGENCY:
As published, the final regulations
(TD 9741) contains an error that may
prove to be misleading and is in need
of clarification.
This document contains
corrections to final regulations (TD
9741) that were published in the
Federal Register on Tuesday, October
27, 2015 (80 FR 65637). The final
regulations on allocation and
accounting, and certain remedial
actions, for purposes of the private
activity bond restrictions under section
141of the Internal Revenue Code that
apply to tax-exempt bonds issued by
State and local governments.
DATES: This correction is effective
November 30, 2015 and applicable
October 27, 2015.
FOR FURTHER INFORMATION CONTACT:
Johanna Som de Cerff or Zoran
Stojanovic at (202) 317–6980 (not a tollfree number).
SUPPLEMENTARY INFORMATION:
SUMMARY:
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 1.141–15 is amended
by revising paragraph (l)(1) to read as
follows:
■
§ 1.41–15
Effective/applicability dates.
*
*
*
*
(l) * * * (1) In general. Except as
otherwise provided in this section,
§§ 1.141–1(e), 1.141–3(g)(2)(v), 1.141–6,
1.141–13(d), and 1.145–2(b)(4), (b)(5),
and (c)(2) apply to bonds that are sold
on or after January 25, 2016, and to
which the 1997 regulations (as defined
in paragraph (b)(1) of this section)
apply.
*
*
*
*
*
Martin V. Franks,
Chief, Publications and Regulations Branch,
Legal Processing Division, Associate Chief
Counsel (Procedure and Administration).
jstallworth on DSK7TPTVN1PROD with RULES
BILLING CODE 4830–01–P
VerDate Sep<11>2014
15:17 Nov 27, 2015
Jkt 238001
Martin V. Franks,
Chief, Publications and Regulations Branch,
Legal Processing Division, Associate Chief
Counsel (Procedure and Administration).
[FR Doc. 2015–30321 Filed 11–27–15; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF DEFENSE
Office of the Secretary
32 CFR Part 88
[Docket ID: DOD–2013–OS–0236]
RIN 0790–AJ17
Transition Assistance Program (TAP)
for Military Personnel
Background
*
[FR Doc. 2015–30322 Filed 11–27–15; 8:45 am]
funds other than tax-exempt bond
proceeds to finance portions of projects
that are expected to be used for private
business use in the future. The intent of
this proposed rule was to encourage
retirement of tax-exempt bonds before
the occurrence of nonqualified use’’.
2. On page 65642, in the preamble,
first column, first sentence of the third
full paragraph, under paragraph heading
‘‘Nonqualified Bonds,’’ the language
‘‘Commenters generally agreed with the
proposed change that allows any bonds
of any issue to be treated as the’’ is
corrected to read ‘‘Commenters
generally agreed with the proposed
change that allows any bonds of an
issue to be treated as the’’.
AGENCY:
The final regulations (TD 9741) that
are the subject of this correction are
under sections 141 of the Internal
Revenue Code.
SUMMARY:
Need for Correction
As published, the final regulations
(TD 9741) contain errors that may prove
to be misleading and are in need of
clarification.
Correction of Publication
Accordingly, the final regulations (TD
9741), that are subject to FR Doc. 2015–
27328, are corrected as follows:
1. On page 65641, in the preamble,
third column, the second and third
sentences of the first full paragraph,
under paragraph heading ‘‘Anticipatory
Redemptions, ’’the language ‘‘This
allows targeting of funds other than taxexempt bond proceeds to finance
portions of projects that are expected to
be used for private business use in the
future. The intent of this proposed rule
is to encourage retirement of tax-exempt
bonds before the occurrence of
nonqualified use.’’ is corrected to read
‘‘This would have allowed targeting of
PO 00000
Frm 00006
Fmt 4700
Sfmt 4700
Under Secretary of Defense for
Personnel and Readiness, DoD.
ACTION: Interim final rule.
This rule establishes policy,
assigns responsibilities, and prescribes
procedures for administration of the
DoD Transition Assistance Program
(TAP). The goal of TAP is to prepare all
eligible members of the Military
Services for a transition to civilian life,
including preparing them to meet Career
Readiness Standards (CRS). The TAP
provides information and training to
ensure Service members leaving Active
Duty and eligible Reserve Component
Service members being released from
active duty are prepared for their next
step in life whether pursuing additional
education, finding a job in the public or
private sector, starting their own
business or other form of selfemployment, or returning to school or
an existing job. Service members receive
training to meet CRS through the
Transition GPS (Goals, Plans, Success)
curricula, including a core curricula and
individual tracks focused on Accessing
Higher Education, Career Technical
Training, and Entrepreneurship.
E:\FR\FM\30NOR1.SGM
30NOR1
Agencies
[Federal Register Volume 80, Number 229 (Monday, November 30, 2015)]
[Rules and Regulations]
[Page 74678]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-30321]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[TD 9741]
RIN 1545-BB23; 1545-BC07; 1545-BH48
General Allocation and Accounting Regulations Under Section 141;
Remedial Actions for Tax-Exempt Bonds; Correction
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Final regulations; correction.
-----------------------------------------------------------------------
SUMMARY: This document contains corrections to final regulations (TD
9741) that were published in the Federal Register on Tuesday, October
27, 2015 (80 FR 65637). The final regulations on allocation and
accounting, and certain remedial actions, for purposes of the private
activity bond restrictions under section 141of the Internal Revenue
Code that apply to tax-exempt bonds issued by State and local
governments.
DATES: This correction is effective November 30, 2015 and applicable
October 27, 2015.
FOR FURTHER INFORMATION CONTACT: Johanna Som de Cerff or Zoran
Stojanovic at (202) 317-6980 (not a toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The final regulations (TD 9741) that are the subject of this
correction are under sections 141 of the Internal Revenue Code.
Need for Correction
As published, the final regulations (TD 9741) contain errors that
may prove to be misleading and are in need of clarification.
Correction of Publication
Accordingly, the final regulations (TD 9741), that are subject to
FR Doc. 2015-27328, are corrected as follows:
1. On page 65641, in the preamble, third column, the second and
third sentences of the first full paragraph, under paragraph heading
``Anticipatory Redemptions, ''the language ``This allows targeting of
funds other than tax-exempt bond proceeds to finance portions of
projects that are expected to be used for private business use in the
future. The intent of this proposed rule is to encourage retirement of
tax-exempt bonds before the occurrence of nonqualified use.'' is
corrected to read ``This would have allowed targeting of funds other
than tax-exempt bond proceeds to finance portions of projects that are
expected to be used for private business use in the future. The intent
of this proposed rule was to encourage retirement of tax-exempt bonds
before the occurrence of nonqualified use''.
2. On page 65642, in the preamble, first column, first sentence of
the third full paragraph, under paragraph heading ``Nonqualified
Bonds,'' the language ``Commenters generally agreed with the proposed
change that allows any bonds of any issue to be treated as the'' is
corrected to read ``Commenters generally agreed with the proposed
change that allows any bonds of an issue to be treated as the''.
Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division,
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2015-30321 Filed 11-27-15; 8:45 am]
BILLING CODE 4830-01-P