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)

Page Range		37817-37817
FR Document		2017-17135

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 Issue 155 (Monday, August 14, 2017)

[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

Federal Register / Vol. 82, No. 155 / Monday, August 14, 2017 / Rules and Regulations 37817

III. References section 148 of the Internal Revenue ACTION: Final rule.
The following references are on Code applicable to tax-exempt bonds
display in the Dockets Management and other tax-advantaged bonds issued SUMMARY: The Environmental Protection
Staff (see ADDRESSES) and are available by State and local governments. Agency (EPA) is taking final action to
for viewing by interested persons DATES: This correction is effective approve a revision to the San Joaquin
between 9 a.m. and 4 p.m., Monday August 14, 2017 and applicable July 18, Valley Unified Air Pollution Control
through Friday; they are also available 2016. District (SJVUAPCD or ‘‘the District’’)
electronically at https:// FOR FURTHER INFORMATION CONTACT: portion of the California State
www.regulations.gov. FDA has verified Spence Hanemann at (202) 317–6980 Implementation Plan (SIP). This revised
the Web site addresses, as of the date (not a toll-free number). rule concerns emissions of oxides of
this document publishes in the Federal SUPPLEMENTARY INFORMATION: nitrogen, carbon monoxide, oxides of
Register, but Web sites are subject to Background sulfur, and particulate matter of 10
change over time. microns or less from boilers, steam
1. Letter from Senator Amy Klobuchar, The final regulations (TD 9777) that
generators and process heaters. We are
Senator Al Franken, Representative are the subject of this correction are
approving a local rule that regulates
Collin Peterson, and Representative Tim under section 148 of the Internal
Walz, to President Donald J. Trump, Revenue Code. these emission sources under the Clean
accessed on the Web at https:// Air Act (CAA or the Act).
www.klobuchar.senate.gov/public/ Need for Correction
DATES:This rule will be effective on
index.cfm/2017/4/klobuchar-franken- As published, the final regulations
peterson-walz-urge-administration-to- September 13, 2017.
(TD 9777) contain an error that may
support-minnesota-dairy-farmers- prove to be misleading and are in need ADDRESSES: The EPA has established a
through-strong-enforcement-of-our-trade-
of clarification. docket for this action under Docket ID
laws-with-canada.
2. Congressional Research Service, ‘‘New No. EPA–R09–OAR–2017–0034. All
List of Subjects in 26 CFR Part 1
Canadian Dairy Pricing Regime Proves documents in the docket are listed on
Disruptive for U.S. Milk Producers,’’ Income taxes, Reporting and the http://www.regulations.gov Web
dated April 20, 2017, accessed on the recordkeeping requirements. site. Although listed in the index, some
Web at https://www.everycrsreport.com/ Correction of Publication information is not publicly available,
reports/IN10692.html. e.g., Confidential Business Information
3. Letter from Michael D. Dykes, D.V.M., Accordingly, 26 CFR part 1 is
President and CEO, International Dairy amended by making the following or other information whose disclosure is
Foods Association, to Stephen Ostroff, correcting amendment: restricted by statute. Certain other
M.D., Deputy Commissioner for Foods material, such as copyrighted material,
and Veterinary Medicine, Food and Drug PART 1—INCOME TAXES is not placed on the Internet and will be
Administration, dated June 22, 2017. publicly available only in hard copy
■ Paragraph 1. The authority citation form. Publicly available docket
Dated: August 9, 2017.
for part 1 continues to read in part as materials are available through http://
Anna K. Abram, follows:
Deputy Commissioner for Policy, Planning, www.regulations.gov, or please contact
Legislation, and Analysis. Authority: 26 U.S.C. 7805 * * * the person identified in the FOR FURTHER
[FR Doc. 2017–17118 Filed 8–11–17; 8:45 am] § 1.148–11 [Amended] INFORMATION CONTACT section for
BILLING CODE 4164–01–P additional availability information.
■ Par. 2. Amend § 1.148–11(k)(1) by
adding ‘‘1.148–6(d)(3)(iii)(A);’’ before FOR FURTHER INFORMATION CONTACT:
‘‘1.148–6(d)(4)’’. Nancy Levin, EPA Region IX, (415) 972–
DEPARTMENT OF THE TREASURY 3848, levin.nancy@epa.gov.
Martin V. Franks,
Internal Revenue Service Chief, Publications and Regulations Branch, SUPPLEMENTARY INFORMATION:
Legal Processing Division, Associate Chief Throughout this document, ‘‘we,’’ ‘‘us’’
26 CFR Part 1 Counsel (Procedure and Administration) . and ‘‘our’’ refer to the EPA.
[FR Doc. 2017–17135 Filed 8–11–17; 8:45 am]
[TD 9777] BILLING CODE 4830–01–P
Table of Contents
RIN 1545–BG41; 1545–BH38 I. Proposed Action
II. Public Comments and EPA Responses
Arbitrage Guidance for Tax-Exempt ENVIRONMENTAL PROTECTION III. EPA Action
Bonds; Correction AGENCY IV. Incorporation by Reference
V. Statutory and Executive Order Reviews
AGENCY: Internal Revenue Service (IRS), 40 CFR Part 52
Treasury. I. Proposed Action
[EPA–R09–OAR–2017–0034; FRL–9965–26–
ACTION: Correcting amendment.
Region 9] On March 21, 2017 (82 FR 14496), the
SUMMARY: This document contains a EPA proposed to approve the following
Approval of California Air Plan
correction to final regulations (TD 9777) rule into the California SIP.
Revisions, San Joaquin Valley Unified
that were published in the Federal
Air Pollution Control District
sradovich on DSK3GMQ082PROD with RULES

Register on Monday, July 18, 2016 (81
FR 46582). The final regulations relate AGENCY: Environmental Protection
to the arbitrage restrictions under Agency (EPA).

VerDate Sep<11>2014 15:51 Aug 11, 2017 Jkt 241001 PO 00000 Frm 00013 Fmt 4700 Sfmt 4700 E:\FR\FM\14AUR1.SGM 14AUR1

Document Created: 2018-10-24 11:52:05
Document Modified: 2018-10-24 11:52:05

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Rules and Regulations
Action		Correcting amendment.
Dates		This correction is effective August 14, 2017 and applicable July 18, 2016.
Contact		Spence Hanemann at (202) 317-6980 (not a toll-free number).
FR Citation		82 FR 37817
RIN Number		1545-BG41 and 1545-BH38
CFR Associated		Income Taxes and Reporting and Recordkeeping Requirements

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

DEPARTMENT OF THE TREASURYInternal Revenue Service

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

DEPARTMENT OF THE TREASURY
Internal Revenue Service