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TREAS/IRS RIN: 1545-BQ87 Publication ID: Fall 2023 
Title: ●Guidance Under Section 162(m) 

The proposed regulations would provide guidance under 162(m).  Section 162(m)(1) generally limits the allowable deduction for a taxable year for applicable employee remuneration by any publicly held corporation paid with respect to a covered employee.  Section 162(m) was amended by the American Rescue Plan Act of 2021 (Act) (Pub. L. 117-2, 135 Stat. 206 (2021)).  The Act amended the definition of covered employee.  The proposed regulations would provide guidance for this amendment. 

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: 26 CFR 1   
Legal Authority: 26 U.S.C. 162(m)    26 U.S.C. 7805   
Legal Deadline:  None
Action Date FR Cite
NPRM  03/00/2024 
Additional Information: Drafting attorney: Ilya Enkishev, (202) 317-5600 Reviewing attorney: Thomas Scholz, (202) 317-5600 Treasury attorney: Boyd Brown, (771) 201-0022 CC:EEE REG-118988-22
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Ilya E. Enkishev
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 5039,
Washington, DC 20224
Phone:202 317-4598
Fax:885 595-5263