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TREAS/IRS RIN: 1545-BP76 Publication ID: Spring 2021 
Title: Section 36B Personal Exemption Deduction and Premium Tax Credit 
Abstract:

These final regulations provide guidance on how the reduction of the personal exemption deduction to zero in section 151(d)(5) of the Internal Revenue Code (Code) applies to certain sections 36B and 6011 of the Internal Revenue Code relating to the premium tax credit. These final regulations affect individuals who claim the premium tax credit. As published on December 1, 2020, the final regulations contain non-substantive errors that need to be corrected; those corrections are pending at the Federal Register.

 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 26 CFR 1.36B-1    26 CFR 1.36B-2    26 CFR 1.38B-4    26 CFR 1.6011-8   
Legal Authority: 26 U.S.C. 7805    26 U.S.C. 36B   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  05/27/2020  85 FR 31710   
NPRM Comment Period End  07/27/2020 
Final Regulations (TD 9912)  12/01/2020  85 FR 76976   
Final Regulations Effective  12/01/2020 
Final Regulations; Correction (TD 9912)  07/00/2021 
Additional Information: REG-124810-19 (NPRM) Drafter attorney: Suzanne Sinno (202) 317-4222 Reviewer attorney: Lisa Mojiri-Azad (202) 317-4649 Treasury attorney: Kimberly Koch (202) 622-0854 CC:ITA
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Suzanne R. Sinno
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW.,
Washington, DC 20224
Phone:202 317-4222
Fax:855 576-2338
Email: suzanne.r.sinno@irscounsel.treas.gov