# New Markets Tax Credit; Correction
**AGENCY:**
Internal Revenue Service (IRS), Treasury.
**ACTION:**
Correction to temporary regulations.
**SUMMARY:**
This document contains a correction to temporary regulations that was published in the *Federal Register* on December 26, 2001 (66 FR 66307). This document contains temporary regulations that provide guidance for taxpayers claiming the new markets tax credit under section 45D.
**DATES:**
This correction is effective December 26, 2001.
**FOR FURTHER INFORMATION CONTACT:**
Paul Handleman (202) 622-3040 (not a toll-free number).
**SUPPLEMENTARY INFORMATION:**
**Background**
The temporary regulations that are the subject of this correction are under section 45D of the Internal Revenue Code.
**Need for Correction**
As published, the temporary regulations (TD 8971) contains errors that may prove to be misleading and are in need of clarification.
**Correction of Publication**
Accordingly, the publication of the temporary regulations (TD 8971), which is the subject of FR. Doc. 01-31528, is corrected as follows:
On page 66310, column 1, under the paragraph heading “Part 1—Income Taxes”, following paragraph 1, please insert in the amendatory instruction “Par. 1a. The undesignated center heading immediately preceding § 1.30-1 is revised to read as follows: Credits Allowable Under Sections 30 through 45D”.
LaNita Van Dyke,
Acting Chief, Regulations Unit, Associate Chief Counsel, (Income Tax and Accounting).