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IRS to Publish Correction to Final Rule on Low-Income Communities Bonus Credit Program

Tuesday, December 19, 2023 - 1:05PM

The Internal Revenue Service (IRS) will publish a correction in Wednesday’s Federal Register to an earlier final rule on regulations for the low-income communities bonus credit program included in the Inflation Reduction Act of 2022. The corrections are effective Wednesday and applicable Aug. 15, 2023. The correction includes small changes to the text, a shift in the list of subjects covered and an edit to an authority citation.

A Notes from Novogradac blog post in August provided information on applying for the low-income communities bonus program.

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