[Federal Register Volume 77, Number 59 (Tuesday, March 27, 2012)]
[Proposed Rules]
[Page 18146]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-7266]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-168745-03]
RIN 1545-BE18


Guidance Regarding Deduction and Capitalization of Expenditures 
Related to Tangible Property; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice of proposed rulemaking; Correction.

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SUMMARY: This document contains corrections to a notice of proposed 
rulemaking (REG-168745-03), which was published in the Federal Register 
relating to sections 162, and 263 providing guidance on the deduction 
and capitalization of expenditures related to tangible property.

DATES: Effective Date: March 27, 2012.

FOR FURTHER INFORMATION CONTACT: Merrill D. Feldstein at (202) 622-4950 
(not a toll-free number).

SUPPLEMENTARY INFORMATION: 

Background

    The notice of proposed rulemaking that is the subject of these 
corrections is under sections 162, 167, 168, and 263 of the Internal 
Revenue Code.

Need for Correction

    As published on December 27, 2011 (76 FR 81128), the notice of 
proposed rulemaking (REG-168745-03), contains errors which may prove to 
be misleading and are in need of clarification.

Correction of Publication

    Accordingly, the publication of the notice of proposed rulemaking 
(REG-168745-03), which were the subject of FR. Doc. 2011-32024, is 
corrected as follows:
    1. On page 81128, column one, in the preamble under the caption 
DATES, lines one, two and three, the language ``Written and/or 
electronic comments and requests for a public hearing must be received 
by March 26,'' is corrected to read ``Written and/or electronic 
comments must be received by March 26,''.
    2. On page 81128, column one, line 6 under the caption DATES, the 
language ``hearing scheduled for April 4, 2012 at'' is corrected to 
read ``hearing scheduled for May 9, 2012 at''.
    3. On page 81128, column three, line two of the second paragraph 
under the caption ``Comments and Public Hearing'' the language ``for 
April 4, 2012, beginning at 10 a.m.'' is corrected to read ``for May 9, 
2012, beginning at 10 a.m.''.
    4. On page 81128, column three, line three in the preamble under 
the caption ``Drafting Information'', the language ``Katherine Reed, 
Office of the Associate'' is corrected to read ``Kathleen Reed, Office 
of the Associate''.
    5. On page 81130, column one, Par. 11., item one is redesignated as 
item 3 and the language ``Revising paragraphs (a) through (l)(1); and'' 
is corrected to read as ``Revising paragraphs (a) through (h) and 
revising paragraphs (j) through (l)(1).''
    6. On page 81130, column one, under Par. 11. instructions, newly 
redesignated item one reads as ``Removing paragraphs (l), (l)(1), 
(l)(2) and (l)(3) and redesignating paragraphs (k), (k)(1), (k)(2), and 
(k)(3) as paragraphs (l), (l)(1), (l)(2) and (l)(3) respectively.''
    7. On page 81130, column one, under Par. 11. instructions, newly 
redesignated paragraph item 2 is corrected to read as ``Redesignating 
paragraph (j) as paragraph (k) and redesignating paragraph (i) as 
paragraph (j), and adding a new paragraph (i).''
    8. On page 81130, column one, under Par. 11. instructions, newly 
redesignated item 4 reads as ``Adding paragraph (m).''

Guy R. Traynor,
Federal Register Liaison, Publications and Regulations, Legal 
Processing Division, Associate Chief Counsel, Procedure and 
Administration.
[FR Doc. 2012-7266 Filed 3-26-12; 8:45 am]
BILLING CODE 4830-01-P