Revised Regulations Concerning Section 403(b) Tax-Sheltered Annuity Contracts; Correction

---
identifier: "/us/fr/2010-26980"
source: "fr"
legal_status: "authoritative_unofficial"
title: "Revised Regulations Concerning Section 403(b) Tax-Sheltered Annuity Contracts; Correction"
title_number: 0
title_name: "Federal Register"
section_number: "2010-26980"
section_name: "Revised Regulations Concerning Section 403(b) Tax-Sheltered Annuity Contracts; Correction"
positive_law: false
currency: "2010-10-26"
last_updated: "2010-10-26"
format_version: "1.1.0"
generator: "[email protected]"
agency: "Treasury Department"
document_number: "2010-26980"
document_type: "rule"
publication_date: "2010-10-26"
agencies:
  - "Treasury Department"
  - "Internal Revenue Service"
cfr_references:
  - "26 CFR Part 1"
rin: "1545-BB64"
fr_citation: "75 FR 65567"
fr_volume: 75
docket_ids:
  - "TD 9340"
effective_date: "2010-10-26"
fr_action: "Correction to final regulations."
---


#  Revised Regulations Concerning Section 403(b) Tax-Sheltered Annuity Contracts; Correction

**AGENCY:**

Internal Revenue Service (IRS), Treasury.

**ACTION:**

Correction to final regulations.

**SUMMARY:**

This document contains a correction to final regulations (TD 9340) that were published in the *Federal Register* on Thursday, July 26, 2007 (72 FR 41128) providing updated guidance on section 403(b) contracts of public schools and tax-exempt organizations described in section 501(c)(3). These regulations will affect sponsors of section 403(b) contracts, administrators, participants, and beneficiaries.

**DATES:**

The correction is effective October 26, 2010, and is applicable on July 26, 2007.

**FOR FURTHER INFORMATION CONTACT:**

Concerning the regulations, John Tolleris at(202) 622-6060; concerning the regulations as applied to church-related entities, Sherri Edelman or Jason Levine at (202) 283-9634 (not toll-free numbers).

**SUPPLEMENTARY INFORMATION:**

**Background**

The final regulations that are the subject of this correction are under section 403(b)of the Internal Revenue Code.

**Need for Correction**

As published, final regulations (TD 9340) contain an error that may prove to be misleading and is in need of clarification.

**Correction of Publication**

Accordingly, the publication of the final regulations (TD 9340), which was the subject of FR Doc. 07-3649, is corrected as follows:

On page 41138, column 2, in the preamble, under footnote number 11, line 26,the language “Rev. Rul. 66-254 (1966-2 CB. 125)” is removed.

LaNita Van Dyke,

Chief, Publications and Regulations Branch,Legal Processing Division,Associate Chief Counsel(Procedure and Administration).