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TREAS/IRS RIN: 1545-BQ80 Publication ID: Fall 2023 
Title: ●Recapture of Interest on Excess Credits under FFCRA, CARES Act, and ARP Act 
Abstract:

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: 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. secs. 3131 to 3134    26 U.S.C. sec. 7805    Families First Coronavirus Response Act, Pub. L. 116-127    Coronavirus Aid, Relief, and Economic Security Act, P.L. 116-136   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Temporary Regulation  01/00/2024 
Additional Information: REG-109032-23 (TEMP) Drafter attorney: NaLee Park (202) 317-3602 Reviewer attorney: Andrew Holubeck (202) 317-4787 Treasury attorney: Boyd Brown (771) 201-0022 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
Email: andrew.k.holubeck@irscounsel.treas.gov