Department of the Treasury April 11, 2024 – Federal Register Recent Federal Regulation Documents

In accordance with the Privacy Act of 1974, the Department of the Treasury ("Treasury" or the "Department"), Treasury proposes to modify a current Treasury system of records titled, "Department of the Treasury, Treasury .001Treasury Payroll and Personnel System" System of Records. The records and information collected and maintained in this system includes, but are not limited to: Maintaining current and historical payroll records that are used to compute and audit pay entitlement; to record history of pay transactions; to record deductions, leave accrued and taken, bonds due and issued, taxes paid; maintaining and distributing Leave and Earnings statements; commence and terminate allotments; answer inquiries and process claims; and maintaining current and historical personnel records and preparing individual administrative transactions relating to education and training; classification; assignment; career development; evaluation; promotion, compensation, separation and retirement; making decisions on the rights, benefits, entitlements and the utilization of individuals; providing a data source for the production of reports, statistical surveys, rosters, documentation, and studies required for the orderly personnel administration within Treasury; maintaining employment history; and perform personnel and payroll functions for Federal agencies for which Treasury is a cross-services provider and to conduct activities necessary to carry-out the official HR line of business for all Federal departments and agencies that are serviced by the National Finance Center (NFC); producing of reports, statistical surveys, rosters, documentation, and studies required for the orderly personnel administration within Treasury, and maintaining information about Treasury personnel and their dependents for needs and status assessments to determine if they are entitled to a benefit related to a natural or man-made disaster, a public health emergency, or similar crisis.

This document corrects a notice of proposed rulemaking (REG- 100908-23) published in the Federal Register on August 30, 2023, containing proposed regulations regarding increased credit or deduction amounts available for taxpayers satisfying prevailing wage and registered apprenticeship (collectively, PWA) requirements established by the Inflation Reduction Act of 2022 (IRA).