General Allocation and Accounting Regulations Under Section 141; Remedial Actions for Tax-Exempt Bonds; Correction

---
identifier: "/us/fr/2015-30322"
source: "fr"
legal_status: "authoritative_unofficial"
title: "General Allocation and Accounting Regulations Under Section 141; Remedial Actions for Tax-Exempt Bonds; Correction"
title_number: 0
title_name: "Federal Register"
section_number: "2015-30322"
section_name: "General Allocation and Accounting Regulations Under Section 141; Remedial Actions for Tax-Exempt Bonds; Correction"
positive_law: false
currency: "2015-11-30"
last_updated: "2015-11-30"
format_version: "1.1.0"
generator: "[email protected]"
agency: "Treasury Department"
document_number: "2015-30322"
document_type: "rule"
publication_date: "2015-11-30"
agencies:
  - "Treasury Department"
  - "Internal Revenue Service"
cfr_references:
  - "26 CFR Part 1"
rin: "1545-BB23"
fr_citation: "80 FR 74677"
fr_volume: 80
docket_ids:
  - "TD 9741"
effective_date: "2015-11-30"
fr_action: "Final regulations; correcting amendment."
---


#  Effective/applicability dates.

**AGENCY:**

Internal Revenue Service (IRS), Treasury.

**ACTION:**

Final regulations; correcting amendment.

**SUMMARY:**

This document contains corrections to final regulations (TD 9741) that were published in the *Federal Register* on Tuesday, October 27, 2015 (80 FR 65637). The final regulations provide guidance on allocation and accounting, and certain remedial actions, for purposes of the private activity bond restrictions under section 141of the Internal Revenue Code that apply to tax-exempt bonds issued by State and local governments.

**DATES:**

This correction is effective November 30, 2015 and applicable October 27, 2015.

**FOR FURTHER INFORMATION CONTACT:**

Johanna Som de Cerff or Zoran Stojanovic at (202) 317-6980 (not a toll-free number).

**SUPPLEMENTARY INFORMATION:**

**Background**

The final regulations (TD 9741) that are the subject of this correction are under section 141 of the Internal Revenue Code.

**Need for Correction**

As published, the final regulations (TD 9741) contains an error that may prove to be misleading and is 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 corrected by making the following correcting amendment:

**26 CFR Part 1**

**PART 1—INCOME TAXES**

*Paragraph 1.* The authority citation for part 1 continues to read in part as follows:

**Authority:**

26 U.S.C. 7805 * * *

**26 CFR Part 1**

*Par. 2.* Section 1.141-15 is amended by revising paragraph (l)(1) to read as follows:

§ 1.41-15

(l) * * * (1) *In general.* Except as otherwise provided in this section, §§ 1.141-1(e), 1.141-3(g)(2)(v), 1.141-6, 1.141-13(d), and 1.145-2(b)(4), (b)(5), and (c)(2) apply to bonds that are sold on or after January 25, 2016, and to which the 1997 regulations (as defined in paragraph (b)(1) of this section) apply.

Martin V. Franks,

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