# Interest Capitalization Requirements for Improvements to Designated Property; Correction
**AGENCY:**
Internal Revenue Service (IRS), Treasury.
**ACTION:**
Notice of proposed rulemaking; correction.
**SUMMARY:**
This document corrects a notice of proposed rulemaking (REG-133850-13) published in the *Federal Register* on May 15, 2024, containing proposed regulations that would remove the associated property rule and similar rules from the existing regulations on the interest capitalization requirements for improvements to designated property.
**DATES:**
Written or electronic comments were to be received by July 15, 2024.
**ADDRESSES:**
Commenters were strongly encouraged to submit public comments electronically.
**FOR FURTHER INFORMATION CONTACT:**
Concerning the proposed regulations, contact Livia Piccolo of the Office of Associate Chief Counsel (Income Tax and Accounting), at (202) 317-7007 (not a toll-free number); concerning submissions of comments or the public hearing, Vivian Hayes, (202) 317-6901 (not toll-free number) or by email to *[email protected]* (preferred).
**SUPPLEMENTARY INFORMATION:**
**Background**
The notice of proposed rulemaking (REG-133850-13) that is the subject of this correction is under section 263A of the Code.
**Correction of Publication**
Accordingly, the notice of proposed rulemaking (REG-133850-13) that is the subject of FR Doc. 2024-10579, published on May 15, 2024, is corrected on page 42405, in the third column, by correcting the third line from the bottom of the column to read, “amendments to § 1.263A-11(e) to”.
Oluwafunmilayo A. Taylor,
Section Chief, Publications and Regulations Section, Associate Chief Counsel, (Procedure and Administration).