82 FR 37817 - Arbitrage Guidance for Tax-Exempt Bonds; Correction

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 82, Issue 155 (August 14, 2017)

This document contains a correction to final regulations (TD 9777) that were published in the Federal Register on Monday, July 18, 2016 (81 FR 46582). The final regulations relate to the arbitrage restrictions under section 148 of the Internal Revenue Code applicable to tax-exempt bonds and other tax-advantaged bonds issued by State and local governments.

[Federal Register Volume 82, Number 155 (Monday, August 14, 2017)]
[Rules and Regulations]
[Page 37817]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-17135]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9777]
RIN 1545-BG41; 1545-BH38


Arbitrage Guidance for Tax-Exempt Bonds; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correcting amendment.

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SUMMARY: This document contains a correction to final regulations (TD 
9777) that were published in the Federal Register on Monday, July 18, 
2016 (81 FR 46582). The final regulations relate to the arbitrage 
restrictions under section 148 of the Internal Revenue Code applicable 
to tax-exempt bonds and other tax-advantaged bonds issued by State and 
local governments.

DATES: This correction is effective August 14, 2017 and applicable July 
18, 2016.

FOR FURTHER INFORMATION CONTACT: Spence Hanemann at (202) 317-6980 (not 
a toll-free number).

SUPPLEMENTARY INFORMATION: 

Background

    The final regulations (TD 9777) that are the subject of this 
correction are under section 148 of the Internal Revenue Code.

Need for Correction

    As published, the final regulations (TD 9777) contain an error that 
may prove to be misleading and are in need of clarification.

List of Subjects in 26 CFR Part 1

    Income taxes, Reporting and recordkeeping requirements.

Correction of Publication

    Accordingly, 26 CFR part 1 is amended by making the following 
correcting amendment:

PART 1--INCOME TAXES

0
Paragraph 1. The authority citation for part 1 continues to read in 
part as follows:

    Authority:  26 U.S.C. 7805 * * *


Sec.  1.148-11   [Amended]

0
Par. 2. Amend Sec.  1.148-11(k)(1) by adding ``1.148-6(d)(3)(iii)(A);'' 
before ``1.148-6(d)(4)''.

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration) .
[FR Doc. 2017-17135 Filed 8-11-17; 8:45 am]
 BILLING CODE 4830-01-P