Data / Federal rules / 2024-10579
Interest Capitalization Requirements for Improvements to Designated Property
The Internal Revenue Service published this proposed rule in the Federal Register on May 15, 2024.
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What the agency says
This document contains proposed regulations that would remove the associated property rule and similar rules from the existing regulations on the interest capitalization requirements for improvements to designated property. In addition, this document contains proposed regulations that would modify the definition of "improvement" for purposes of applying those existing regulations. Lastly, this document contains proposed regulations that would modify other rules in those existing regulations in light of the proposed removal of the associated property rule. The proposed regulations would affect taxpayers making improvements to real or tangible personal property that constitute the production of designated property.
Key facts
- Document number
- 2024-10579
- Type
- Proposed rule
- Action
- Notice of proposed rulemaking
- Agency
- Treasury Department; Internal Revenue Service
- Published
- May 15, 2024
- Dates
- Written or electronic comments and requests for a public hearing must be received by July 15, 2024.
- Docket
- REG-133850-13
- Regulation ID (RIN)
- 1545-BN93
- Code of Federal Regulations
- 26 CFR 1
- Topics
- Income taxes; Reporting and recordkeeping requirements
- Pages
- 5
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