This document contains corrections to proposed regulations (REG-133791-02, 2003-35 I.R.B. 493) that were published in the Federal Register on July 29, 2003 (68 FR 44499). This regulation relates to the computation and allocation of the credit for increasing research activities for members of a controlled group of corporations or a group of trades or businesses under common control.
The proposed regulations that are the subject of these corrections are under section 41 of the Internal Revenue Code.
As published, the notice of proposed rulemaking contains errors that may prove to be misleading and are in need of clarification.
Accordingly, the publication of the notice of proposed rulemaking (REG-133791-02; REG-105606-99), which was the subject of FR Doc. 03-17870, is corrected as follows:
1. On page 44500, column 1, in the preamble under the caption “ADDRESSES”, last paragraph, second line, the language “IRS Auditorium (7th Floor), Internal” is corrected to read “Room 4718, Internal”.
2. On page 44503, column 3, §1.41-6(d), paragraph (ii)(B)(3) of Example 1, last line in column 3, the language “minimum). The group's fixed-base” is corrected to read “maximum). The group's fixed-base”.
3. On page 44504, column 3, §1.41-6(d), paragraph (ii)(B)(3) of Example 2, column 3 fourth line from the bottom, the language “(the statutory minimum). The group's fixed” is corrected to read “(the statutory maximum). The group's fixed”.
Cynthia E. Grigsby,The Internal Revenue Bulletin is produced and published by the Internal Revenue Service and contains IRS pronouncements affecting tax analysis under the Code and the Regulations, including but not limited to Revenue Procedures, Revenue Rulings, Notices and Announcements. Access the IRS site at https://www.irs.gov/help/irsgov-accessibility for information concerning accessibility of IRS materials. While every effort has been made to ensure that the IRB database files available through the TouchTax application are accurate, those using TouchTax for legal research should verify their results against the printed versions of the IRBs available from the IRS.