Internal Revenue Bulletin:  2012-35 

August 27, 2012 

INCOME TAX


Table of Contents

REG-136491-09 REG-136491-09

Proposed regulations under section 42 of the Code update the utility allowance regulations to clarify that utility costs paid by a tenant based on actual consumption in a submetered rent-restricted unit are treated as paid by the tenant directly to the utility company. A public hearing is scheduled for November 27, 2012.


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