FR C1-2024-30267

The document at hand is a correction notice from the Federal Register, involving rule document number 2024-30267, initially published by the Treasury Department and the Internal Revenue Service in December 2024. This notice, published on January 10, 2025, addresses a minor typographical error in a section number referenced within the original rule. The intended correction updates a misprinted section number, ensuring clarity and consistency in the regulatory citation.

General Summary

This Federal Register correction is aimed at addressing an oversight within a previously issued rule. Essentially, a typographical error in the document originally published in December 2024 is being clarified. The correction pertains to a section number, which was erroneously presented as “§ 1.10011.1001-3” and is now corrected to read “§ 1.1001-3.” This seems to be a simple editorial amendment ensuring that legal references are accurately reflected in the official document.

Significant Issues or Concerns

The correction described is straightforward and does not present significant issues or concerns. It primarily deals with a clerical error involving the formatting of a section number. The fact that this correction required a formal notice suggests diligence on the part of the publishing agencies in maintaining accurate and reliable documentation. However, the metadata associated with this correction lacks certain details, such as an abstract and an explicit description of the document's intent or actions, which could have provided a more comprehensive context.

Public Impact

For the general public, this document correction is largely procedural and does not directly affect everyday actions or decisions. Most individuals will not need to take any action or make specific changes in response to this notice. However, it maintains the integrity and accuracy of official records, which supports informed decision-making and transparency—a benefit to all who rely on federal rules and regulations.

Impact on Stakeholders

Specific stakeholders, such as legal professionals, financial advisors, and entities involved in state or local bond activities, may find these corrections noteworthy. Ensuring accurate regulatory citations is crucial for these stakeholders, as precision in legal and financial documentation can prevent potential misinterpretations or disputes. The correction helps these groups by affirming the accuracy of references they must incorporate into their legal understanding or operational compliance.

In summary, while this particular correction is minor, it plays a significant role in the overarching framework of regulatory accuracy. The proactive approach by the Treasury Department and the Internal Revenue Service to address such issues reinforces confidence in the regulatory system.