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TREAS/IRS RIN: 1545-BQ09 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.

 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Long-Term Actions 
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
Timetable:
Action Date FR Cite
Temporary Regulations  09/10/2021  86 FR 50637   
Temporary Regulations Effective  09/10/2021 
Removal of Temporary Regulations  To Be Determined 
Additional Information: REG-109077-21 (TEMP) 1. Drafter attorney: NaLee Park (202) 317-3602 2. Reviewer attorney: – Andrew Holubeck (202) 317-4787 3. Treasury attorney: Helen Morrison (202) 622-5293 CC:EEE
Regulatory Flexibility Analysis Required: Undetermined  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-BQ08 
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