Proposed regulations under Section 45D provide clarification of the redemption rules, the partnership redemption safe harbor, and the breadth of the reasonable expectations test. The regulations also revise and clarify certain rules relating to recapture of the new markets tax credit under Section 45D. A public hearing is scheduled for December 12, 2008.
Example (3). No experience in valuing relevant (vi) An individual who is prohib- Notice of Proposed type of property. It is not customary for profes- ited from practicing before the Internal sional antique appraisers to appraise new widgets. Rulemaking and Notice of
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