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TREAS/IRS RIN: 1545-BQ79 Publication ID: Fall 2023 
Title: ●Recapture of Interest on Excess Credits Under FFCRA, CARES Act, and ARP Act 

These regulations provide the IRS with the regulatory authority to assess as an underpayment of tax any interest paid to a taxpayer on an erroneous refund of the tax credits provided under the Families First Coronavirus Response Act (Families First Act), Public Law No. 116-127, 134 Stat. 178 (March 18, 2020), the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), Public Law 116-136, 134 Stat. 281 (March 27, 2020) and the American Rescue Plan Act (ARP Act), Public Law 117-2, 135 Stat. 4 (March 11, 2021). 

Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed 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. secs. 3131 to 3134    26 U.S.C. 7805    Families First Coronavirus Response Act, Pub. L. 116-127    Coronavirus Aid, Relief, and Economic Security Act, Pub. L. 116-136   
Legal Deadline:  None
Action Date FR Cite
NPRM  01/00/2024 
Additional Information: 1. Drafter attorney: NaLee Park, (202) 317-3602 2. Reviewer attorney: Andrew Holubeck, (202) 317-4787 3. Treasury attorney: Boyd Brown, (771) 201-0022 4. REG-109032-23 (NPRM) 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 
Agency Contact:
Andrew Holubeck
Senior Counsel
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 4311A,
Washington, DC 20224
Phone:202 317-4787