Rev. Rul. 2024-27, page 1240.

2024 Base Period T-Bill Rate. The “base period T-bill rate” for the period ending September 30, 2024 is published as required by section 995(f) of the Internal Revenue Code.

T.D. 10009, page 1251. These final regulations provide guidance regarding the advanced manufacturing investment credit under section

Finding Lists begin on page ii.

48D of the Internal Revenue Code (Code) and the special rules for the investment credit in section 50(a) of the Code. The final regulations reflect changes made by the CHIPS Act of 2022. The section 48D credit may be claimed for qualified investments in an advanced manufacturing facility that engages in the manufacturing of semiconductors or semiconductor manufacturing equipment.

T.D. 10010, page 1286. The final regulations provide the rules for claiming the Advanced Manufacturing Production Credit under section 45X of the Internal Revenue Code. The final regulations describe the requirements for the production of eligible components, including the domestic production requirement. The final regulations also provide rules regarding the sale of eligible components to unrelated persons, as well as special rules that apply to sales between related persons. Finally, the final regulations provide definitions of eligible components, rules related to calculating the credit, and specific recordkeeping and reporting requirements.

T.D. 10014, page 1340. These final regulations provide guidance under § 752 of the Internal Revenue Code relating to a partner’s share of a recourse partnership liability. A partner’s share of a recourse partnership liability is the amount of a liability for which the partner or a related person bears the economic risk of loss. These final regulations clarify when a person is related to a partner, address how a liability is allocated when multiple partners bear the economic risk of loss for the same liability, and provide guidance regarding tiered partnerships when a partner that bears economic risk of loss is a partner in both an upper-tier and lower-tier partnership.