Payout Requirements for Type III Supporting Organizations That Are Not Functionally Integrated; Correction

Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Department of the Treasury Internal Revenue Service 26 CFR Parts 1 and 53 [REG-155929-06] RIN 1545-BG31 AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Correction to notice of proposed rulemaking. SUMMARY: This document contains a correction to a notice of proposed rulemaking (REG-155929-06) that was published in the Federal Register on Thursday, September 24, 2009. The proposed regulations provide further guidance regarding the requirements to qualify as a Type III supporting organization that is operated in connection with one or more supported organizations. FOR FURTHER INFORMATION CONTACT: Philip T. Hackney or Don R. Spellmann at (202) 622-1124 (not a toll-free number). SUPPLEMENTARY INFORMATION: Background The notice of proposed rulemaking that is the subject of this document is under section 509 of the Internal Revenue Code. Need for Correction As published, the notice of proposed rulemaking (REG-155929-06) contains an error that is misleading and is in need of clarification. Correction to Publication Accordingly, the notice of proposed rulemaking, published September 24, 2009 ( 74 FR 48672 ), which was the subject of FR Doc. E9-22866 is corrected as follows: On page 48673, in the preamble, column 1, under the caption FOR FURTHER INFORMATION CONTACT , line 3, the language “at (202) 622-6070; concerning” is corrected to read “at (202) 622-1124; concerning”. LaNita VanDyke, Branch Chief, Publications and Regulations Branch, Legal Processi…