# [Corrected]
**AGENCY:**
Internal Revenue Service (IRS), Treasury.
**ACTION:**
Correction to a notice of proposed rulemaking.
**SUMMARY:**
This document contains a correction to a notice of proposed rulemaking (REG-121694-16) that was published in the *Federal Register* on March 26, 2019. The proposed regulations updated existing regulations under section 301 to reflect statutory changes made by the Technical and Miscellaneous Revenue Act of 1988.
**DATES:**
Written or electronic comments and requests for a public hearing are still being accepted and must be received by June 24, 2019.
**FOR FURTHER INFORMATION CONTACT:**
Concerning the proposed regulations, Grid R. Glyer, (202) 317-6847; concerning submission of comments, Regina Johnson, (202) 317-6901 (not toll-free numbers).
**SUPPLEMENTARY INFORMATION:**
**Background**
The proposed regulations that are the subject of this correction are under sections 301, 356, 368, and 902 of the Internal Revenue Code.
**Need for Correction**
As published, the notice of proposed regulations (REG-121694-16) contains errors which may prove to be misleading and need to be clarified.
**Correction of Publication**
Accordingly, the notice of proposed rulemaking (REG-121694-16) that was the subject of FR Doc. 2019-05649, published at 84 FR 11263 (March 26, 2019), is corrected to read as follows:
§ 1.301-1
On page 11266, first column, the sixth and seventh lines of paragraph (f)(3)(ii), the language “similar to, the transaction in Notice 99-59” is corrected to read “similar to the transaction in, Notice 99-59”.
Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration).