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[Federal Register Volume 89, Number 227 (Monday, November 25, 2024)]
[Rules and Regulations]
[Pages 92793-92794]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-27427]

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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 10009]
RIN 1545-BQ54

Advanced Manufacturing Investment Credit Rules Under Sections 48D 
and 50; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Final rule; correction.

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SUMMARY: This document contains corrections to the final regulations 
(TD 10009), published in the Federal Register on October 23, 2024. The 
final regulations implement the advanced manufacturing investment 
credit and special 10-year credit recapture rule established by the 
CHIPS Act of 2022 to incentivize the manufacture of semiconductors and 
semiconductor manufacturing equipment within the United States.

DATES: These corrections are effective on December 23, 2024.

FOR FURTHER INFORMATION CONTACT: Lani Sinfield of the Office of 
Associate Chief Counsel (Passthroughs and Special Industries) at (202) 
317-4137 (not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The final regulations (TD 10009) subject to this correction sets 
forth amendments to the Income Tax Regulations (26 CFR part 1) under 
sections 48D and 50(a) of the Internal Revenue Code.

Correction of Publication

    Accordingly, FR Doc. 2024-23857 (TD 10009), appearing on page 84732 
in the Federal Register on Wednesday, October 23, 2024, is corrected as 
follows:

0
1. On page 84736, in the third column, in the first partial paragraph, 
the sixth line, remove ``made'' and add ``make'' in its place.

0
2. On page 84737, in the first column, in the last partial paragraph, 
the seventh line, remove ``county'' and add ``country'' in its place.

0
3. On page 84739, in the first column, in the first partial paragraph, 
the sixth line, remove ``7805'' and add ``7805(a)'' in its place.

0
4. On page 84741, in the first column, in the last partial paragraph, 
the fifth line from the bottom of the page, remove ``III.I.'' and add 
``III.F.'' in its place.

0
5. On page 84741, in the second column, in the last partial paragraph, 
the third line, insert ``the'' between ``to'' and ``operation''.

0
6. On page 84742, in the second column, in the first partial paragraph, 
the sixteenth line, insert a comma between ``offices'' and 
``administrative''.

0
7. On page 84743, in the second column, in the last partial paragraph, 
the sixth line, remove ``grows wafers'' and add ``grow wafers'' in its 
place.

0
8. On page 84745, in the third column, in the only full paragraph, the 
ninth line from the bottom of the paragraph, remove ``Sec.  1.48D-
2(g)'' and add ``Sec.  1.48D-2(h)'' in its place.

0
9. On page 84746, in the third column, in the last partial paragraph, 
the fifth line from the bottom of the page, remove ``county'' and add 
``country'' in its place.

0
10. On page 84749, in the third column, in the last partial paragraph, 
the twentieth line, insert the word ``is'' between ``property'' and 
``placed''.

Sec.  1.48D-0  [Corrected]

0
11. On page 84751, in the third column, under the heading ``Sec.  
1.48D-4 Advanced manufacturing facility of an eligible taxpayer.'', the 
seventh line, add a period after the word ``general''.

Sec.  1.48D-2  [Corrected]

0
12. On page 84753, in the first column, in Sec.  1.48D-2, the second 
line of paragraph (a), remove ``(o)'' and add ``(p)'' in its place.

Sec.  1.48D-5  [Corrected]

0
13. On page 84758, in the third column, in Sec.  1.48D-5, the seventh 
line

[[Page 92794]]

of paragraph (c)(1), insert the word ``the'' between ``on'' and 
``nature''.

Aron L. Cosby,
Federal Register Liaison, Publications and Regulations Branch, Legal 
Processing Division, Associate Chief Counsel, (Procedure and 
Administration).
[FR Doc. 2024-27427 Filed 11-22-24; 8:45 am]
BILLING CODE 4830-01-P
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