INCOME TAX — Internal Revenue Bulletin 1996-19

Rev. Rul. 96–24, page 5. Federal rates; adjusted federal rates; adjusted federal long-term rate, and the long-term exempt rate. For purposes of sections 1274, 1288, 382, and other sections of the Code, tables set forth the rates for May 1996.

Rev. Rul. 96–25, page 4. Fringe benefits aircraft valuation formula. For purposes of section 1.61–21(g) of the regulations, relating to the rule for valuing non-commercial flights on employerprovided aircraft, the Standard Industry Fare Level (SIFL), cents-per-mile rates, and terminal charges in effect for 1996 are set forth. Rev. Rul. 95–66 modified.

INTL–062–90; INTL–0032–93; INTL–52–86; INTL–52–94, page 26. General revision of regulations under Chapter 3 of the Code relating to withholding of tax on U.S. source income paid to foreign persons and related collection, refunds, and credits; revision of information reporting regulations under subpart B of Chapter 61 and backup withholding regulations under section 3406; and removal of regulations under part 35a and certain regulations under income tax treaties.