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TREAS/IRS | RIN: 1545-BQ08 | Publication ID: Fall 2022 |
Title: Recapture of Excess Credits Under the ARP Act | |
Abstract:
These regulations provide the IRS with the regulatory authority to reconcile and recapture the tax credits provided under the American Rescue Plan Act (ARP Act), Public Law 117-2, 135 Stat. 4 (March 11, 2021) that had been paid or refunded in excess of the actual amount allowed as erroneous refunds subject to assessment procedures. |
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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: Not Yet Determined (To search for a specific CFR, visit the Code of Federal Regulations.) | |
Legal Authority: 26 U.S.C. 7805 26 U.S.C. 3131, 3132, 3133 and 3134 |
Legal Deadline:
None |
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Timetable:
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Additional Information: REG-109077-21 (Final) Drafter attorney: NaLee Park (202) 317-3602 Reviewer attorney: Andrew Holubeck (202) 317-4787 Treasury attorney: Helen Morrison (202) 622-5293 CC:EEE | |
Regulatory Flexibility Analysis Required: No | Government Levels Affected: Local, State, Tribal |
Small Entities Affected: Businesses, Governmental Jurisdictions, Organizations | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Related RINs: Related to 1545-BQ09 | |
Agency Contact: NaLee Park Tax Law Specialist Department of the Treasury Internal Revenue Service 1111 Constitution Avenue NW, Room 4312, Washington, DC 20224 Phone:202 317-6798 Email: nalee.park@irscounsel.treas.gov |